Bitcoin and Ethereum Show Signs of Market Bottom
- Bitcoin’s RSI indicates potential bullishness, nearing a breakthrough of a descending trendline.
- Bitcoin may rally to fill a CME gap with an upper bound price of $87,000.
- The current Bitcoin trading price is $84,611, marking a 3.8% increase in the last 24 hours.
- Ethereum has entered a historical demand area, potentially reclaiming the $2,196-$3,900 range.
- Ethereum is trading at $2,048, up by 8.9% in the past day.
Rekt Capital suggests that both Bitcoin and Ethereum might be at a local market bottom as technical indicators show positive trends. Bitcoin’s RSI is close to breaking its downtrend, while Ethereum is positioned for an uptrend within its historical demand area.
Source (2.6)https://dailyhodl.com/2025/03/19/bitcoin-and-ethereum-likely-finished-correction-as-technical-setup-plays-out-according-to-analyst/?rand=59076
