fxstreet.com 05 Feb, 2021 15:30 am

Bitcoin primed for a 21% liftoff, ETH eyes $2,000

Bitcoin primed for a 21% liftoff, ETH eyes $2,000
The cryptocurrency market is mostly painted green, especially regarding altcoins. Bitcoin has remained relatively unchanged since Thursday. Ripple cam

A golden cross pattern is likely to come into the picture on the 4-hour chart.BTC/USD 4-hour chart Bitcoin must rise above $38,000 to sustain the expected upswing.The Relative Strength Index (RSI) on the 4-hour chart supports the lateral price movement as it levels around 60.All indicators appear to have aligned for another breakout, starting with the RSI on the 4-hour chart.

Simultaneously, the 50 SMA on the same 4-hour chart is widening the gap below the 100 SMA and the 200 SMA, suggesting that buyers are still gaining more influence over Ethereum.ETH/USD 4-hour chart The anticipated rally to $2,000 will fail if Ethereum cannot crack the hurdle at $1,700.

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