Gate.io Blog:Bitcoin and Ethereum Price Analysis
작성자 게이트아이오
조회수 35
작성일 22.04.26 15:58
【TL; DR】
Leading the market, both Bitcoin and Ethereum have had an unprecedented level of influence and growth across the cryptocurrency sector. With Bitcoin assumed to retain influence over wider market performance and Ethereum acting as a key component of thousands of protocols - it is undeniable that the valuation of the two is indicative of the market performance and sentiment at large.A Glance at Bitcoin
Having finally drawn away from the horizontal trading pattern that ensued throughout the latter portion of 2021 and early 2022, Bitcoin has since witnessed a noticeable level of volatility, with the asset frequently trading beneath its 90-day SMA for consecutive weeks. Yet contrary to historical performance (which was somewhat depleted by geopolitical and pandemic related issues) Bitcoin has witnessed tremendous upswings in a matter of weeks.Having concluded trading in March at a comfortable $45,843.12, Bitcoin was privy to a series of uphill climbs where it appeared to be vying to have a taste of the $50k region once again. With a brief upswing as the early portion of the month ensued, Bitcoin has since trundled along a downwards trajectory, forcing it back into the realm of $39k in what appears to be a relatively bearish valuation period marketwide.
For more information on the specific analysis process, please read this blog：Bitcoin and Ethereum Price Analysis
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April 26
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