Bitcoin and Ethereum Surge as Traders Eye Critical Resistance Zones
Bitcoin and Ethereum posted major upward moves this week, sparking renewed optimism across the crypto market.
However, both assets are now encountering resistance levels that could determine whether the rally continues or stalls.
Bitcoin faces rejection near resistance
Bitcoin spiked toward $117,000 before being rejected at a crucial resistance level, according to trader Michaël van de Poppe. He noted that BTC needs to establish a higher low between $114,000 and $114,500 to regain momentum and re-enter its bullish range.
The chart highlights how liquidity was absorbed near previous tops, with a quick return back into the resistance zone. Should Bitcoin fail to hold above the identified support, the next key level sits…
