Bitcoin & Ethereum Forecast | BTC Tests Resistance as ETH Lags

What to Know

• Bitcoin is consolidating between key support and resistance levels
• Resistance near $95,000–$96,000 is critical for confirming a bottom
• Strong support remains in place around the $84,000 area
• Ethereum continues to lag Bitcoin and struggles below the 200-day EMA
• A breakout above Ethereum’s 200-day EMA could open the door to higher levels

During the trading session on Tuesday, we do have a little bit of a macro-driven environment, although oddly enough, it looks like Bitcoin’s navigating fairly well.

The United States has levied a 25% tariff on anybody doing business with Iran; there are concerns about global disruptions, but at the end of the day, the Iranian output is mainly oil, and most of their biggest customers will ignore this. So, it’s not a huge surprise to see that risk sentiment did return.

Furthermore, the CPI number came out, the reading was 0.2% for the core CPI instead of the expected 0.3%, and that has people thinking that the Fed, of course, is going to have to continue to cut. With all of that being said, crypto has been okay during the day. I think we’re still in a very interesting, longer-term area to pay close attention to.

Bitcoin Analysis

Looking at Bitcoin (BTC), there is an obvious resistance area near the $95,000 level that, if we can get beyond that, and maybe even clear $96,000, could signal that the bottom is in. Underneath current trading, we have the $84,000 level offering significant support, and as long as we stay above there, you have to assume that we are basically still consolidating.

While I don’t think Bitcoin just launches straight up in the air, I do think that eventually it will find its way to $107,000, and I do think that there is a lot of accumulation going on.

Ethereum Analysis

Looking at Ethereum (ETH), I have been questioning this area as to whether or not it is an accumulation as well. I think the most obvious technical signal would be a break above the 200-day EMA. That opens up the door to $3,500, followed by $4,000.

Let’s not get it wrong here, institutions are still involved in crypto, it’s just that it has become more like a Wall Street asset. So, if there were a big risk-off event, it would influence what Wall Street does with Bitcoin and Ethereum.

Ethereum for me is going to be the laggard, though; it’s not showing as much upward pressure as Bitcoin, but it almost certainly will follow Bitcoin if it does, in fact, take off. Ethereum currently looks like it has a floor near the $2,600 level and resistance right around that 200-day EMA, worth paying attention to.

For more daily crypto forecasts and expert technical analysis on Bitcoin (BTC), Ethereum (ETH), and major digital assets, visit our Cryptocurrency Forecasts section and stay ahead of market moves.