Price Analysis, 22/02: Bitcoin, Ethereum

After the Lunar New Year in Asian countries, due to the influence of the Asian virtual currency market, the global virtual currency market in the second half of February also noticeable changes.
Paul Singer, founder of investment management firm Elliott Management, called the crypto "one of the most brilliant scams in history," while Tim Draper, a well-known venture capitalist, was Asking if he would like to sell the number of Bitcoins he has, he replies: "Why do I sell futures for the past?"

Meanwhile, major exchanges such as Coinbase and Bitfinex, which are upgrading their Segment Witness (SegWitness Witness) scalability into their systems, will significantly reduce the fees and transaction time for people. use.

Will this change for Bitcoin and other top digital coins? Let's Blogtienao find out

BTC / USD
On February 21, Bitcoin was in our estimation as it hit the descending channel resistance line.

The BTC / USD has nearly doubled from the recent lows, so some of the profit positions are expected to be at current levels, although bitcoin is currently experiencing a slight drop, but it will still rise in price again as long as it trades in the ascending channel.

If the downtrend is below the support line of the channel, the 20-day moving average may drop to $ 10,000 and below the support line at $ 9,500.

The rebound will return if Bitcoin breaks at $ 12,200 and it is likely to continue to rise to $ 13,000.

Conversely, if Bitcoin can not break through this level, it will remain in the downtrend line.
ETH / USD

Currently, Ethereum has broken below the 20 EMA, this is a bad signal.

On the next drop we expect Ethereum to fall between $ 780 and $ 772, which is a strong support.

If the next round of buying pushed Ethereum's price above the 20-day EMA, approaching $ 1,000, Ethereum could regain momentum. However, the probability of this happening is quite low.