Yigit Taha OZTURK 
The cryptocurrency market remains volatile as Bitcoin and Ethereum trade at key support and resistance levels. While Bitcoin is testing a major resistance zone, Ethereum is struggling to hold its support levels. The coming days will be crucial in determining market direction. Now, let’s take a detailed look at the latest technical analysis for Bitcoin and Ethereum.
Bitcoin Technical Analysis
Bitcoin (BTC) has gained 0.60% in the last 24 hours, reaching $87,940. After breaking the $86,600 resistance, it made a re-test and continued its upward movement. However, for the uptrend to continue, Bitcoin needs to close above $88,500. This level has been tested multiple times, but a strong breakout has yet to occur. If $88,500 is surpassed, Bitcoin could target $91,000, followed by $92,500 – $95,000 levels.
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On the downside, if $86,600 support is lost, Bitcoin may drop first to $85,000, and then to the $83,500 – $82,000 range.
Ethereum Technical Analysis
Ethereum (ETH) bounced from the $2,037 – $1,927 support range and tested the $2,108 resistance but faced rejection. It has now retraced back to the support zone. If $2,108 is broken, Ethereum could see a rapid move toward $2,200 – $2,300.
On the other hand, if $1,927 support fails, Ethereum may decline to $1,850, and eventually $1,800.
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