Bitcoin (BTC), Ethereum (ETH) – 21st October 2021
Today is Thursday, 21st October, and this is Cointribune’s Crypto analytics. You will learn about everything that’s been going on in the market, as well as what to expect next in our new article! If you’d like to read the previous instalment, please follow the link. Off we go!
As it was to be expected, Bitcoin has set a new ATH. Bulls really went to town by pushing the cryptocurrency all the way up to the $67,000 level. BTC is now changing hands at around $65,000 due to a minor correction.
We have no earthly reason to think that this is the end of Bitcoin’s rally. We have managed to wait out the downtrend, so it seems very likely that the market will continue to prosper. Only whales might disrupt the growth. However, the SEC has been extraordinarily supportive of the crypto industry — the agency has just greenlighted another BTC ETF! Victory will be ours.
Ethereum seems to be back on track. The market saw a serious claim to a new ATH as well. ETH is currently changing hands at around $4,200, which means we are only a few hundred dollars short of a new ATH.
If ETH follows Bitcoin’s lead, the asset will break through its current resistance level and will attempt to gain a $5,000 foothold.
Unless the whales have different plans for the crypto market, we shall continue seeing it prosper for quite a while. Not all market players benefit from a situation when the majority of traders continue to open longs, so whales will inevitably make a move to outmaneuver the rest of the market. So, don’t forget: always trade with caution!
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I went full time crypto back in June 2018, and have never looked back. I want to help persuade as many people as possible to come and build the decentralised future! Let’s go!
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.