Bitcoin Hits New All-Time High, Ethereum Follows Suit
- Bitcoin reached a new all-time high of over $126,000 on October 6, before experiencing a decline.
- Ethereum surpassed $4,700 but later faced downward pressure in the market.
- Analysts from Cryptology Key have provided forecasts for Bitcoin and other altcoins amid recent price movements.
- Potential correction zones for Bitcoin are identified at $115,345 and between $108,570-$110,721.
- Short positions for Bitcoin may be considered around levels of $118,226-$114,800 following its ATH update.
The cryptocurrency market has shown significant volatility with Bitcoin’s new peak followed by corrective movements and Ethereum’s struggle to keep pace. Analysts emphasize monitoring specific price zones for potential trading opportunities as the market adjusts to these changes.
With Bitcoin’s recent ATH above $126,000 and Ethereum’s rise past $4,700, traders are advised to watch key support levels closely for future trading decisions. (Source)
