BTC and ETH Price Prediction for February 11

02/11/2024 23:00
BTC and ETH Price Prediction for February 11

Can traders expect upward move by Bitcoin (BTC) and Ethereum (ETH) soon?

Original U.Today article

BTC and ETH Price Prediction for February 11

Cover image via www.tradingview.com

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Most coins are rising on the last day of the week, according to CoinStats.

Top coins by CoinStats

BTC/USD

The price of Bitcoin (BTC) has risen by 1.72% since yesterday.

Image by TradingView

On the daily chart, the rate of BTC has almost touched the $49,048 level. However, one should pay attention to the candle closure. If it happens below yesterday's peak, traders may witness a correction to the nearest support zone at $46,000.

Bitcoin is trading at $48,122 at press time.

ETH/USD

Ethereum (ETH) has gained less than BTC, going up by 0.71%.

Image by TradingView

From the technical point of view, Ethereum (ETH) looks more bearish than BTC as the daily candle is about to close far from its peak. If nothing changes by the end of the day, one can expect a local drop to the $2,400-$2,450 zone soon.

Ethereum is trading at $2,508 at press time.

About the author

article image

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].

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