Crypto majors gained on Friday with ether breaking the $1,600 level amid a run-up in broader equity markets in Asia and Europe. By shauryamalwa
Crypto majors gained on Friday with ether breaking the $1,600 level amid a run-up in broader equity markets in Asia and Europe.
“Expect another boost as 100 bps gets completely priced out,” the QCP traders said. However, QCP said it was “not sure” if the upside momentum continues in a big way as “the market is starting to show some signs of exhaustion.” “There are 3 major price zones that we are watching. The major upside resistance zone is at $28,000. This area was the low from 2021 and acted as support in the summer of 2021,” Tedeschi said. “However, if bitcoin falls below the $18,000 zone the major level of support is around $12,000 which is where the 2020 breakout zone is.”
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