The Distributed
  • Cryptocurrencies
    • Adoption
    • Altcoins
    • Bitcoin
    • Blockchain
    • Business
    • Decentralized Finance
    • Ethereum
    • Hacks
    • Crypto Markets
    • NFTs
    • Regulation
    • Scams
    • Stablecoins
  • Finance
    • Banking
    • Central Banks
    • Financial Markets
  • Technology
    • Artificial Intelligence
    • Cyber Security
    • Metaverse
    • Web3
  • Tools
    • Cryptocurrency Market
    • Stock Market
    • Economic Calendar
  • Archive
No Result
View All Result
The Distributed
  • Cryptocurrencies
    • Adoption
    • Altcoins
    • Bitcoin
    • Blockchain
    • Business
    • Decentralized Finance
    • Ethereum
    • Hacks
    • Crypto Markets
    • NFTs
    • Regulation
    • Scams
    • Stablecoins
  • Finance
    • Banking
    • Central Banks
    • Financial Markets
  • Technology
    • Artificial Intelligence
    • Cyber Security
    • Metaverse
    • Web3
  • Tools
    • Cryptocurrency Market
    • Stock Market
    • Economic Calendar
  • Archive
No Result
View All Result
The Distributed
No Result
View All Result
Home News Cryptocurrencies Bitcoin

Bitcoin And Ethereum Technical Analysis: BTC Targets $64K After Surpassing The $60K Barrier, ETH Crosses $2.4K As Bulls Set Sights On $2.7K

by Md Ishtiaque Ahmed
September 16, 2024
in Bitcoin, Cryptocurrencies, Ethereum
Bitcoin And Ethereum Technical Analysis

Our latest technical analysis found that the BTC price is currently testing the resistance at $60,880 and ETH passed the $2,400 resistance.(Source: Crypto News)

Key Findings: BTC Technical Analysis

  • Bitcoin ended last week with a solid bullish candle, breaking the 50-EMA resistance.
  • The price is currently testing the critical resistance at $60,880.
  • BTC might hit $64K this week if the price exceeds the immediate trendline resistance at $61,392.

Bitcoin Technical Analysis – BTC Daily Chart

Bitcoin Technical Analysis
BTC/USD eyes $64,011 as the next target after the price breaks the 50-EMA resistance. Source: The Distributed

Bitcoin is attempting to soar higher after the price broke the 50-EMA barrier at $59,730. The current bullish stance was initiated following a break of the resistance at $56,881 last week.

The upcoming challenges for BTC bulls are the immediate resistance at $60,880 and the bearish trendline resistance at $61,392. A strong bullish breakout of these levels could push the price to the next resistance at $64,000.

However, the Relative Strength Index (RSI) remains generally unchanged, hovering at neutral, indicating a lack of momentum. The RSI might pass the 50 mark only if the price could hold above $60K and avoid a move below the immediate support of 50-EMA.

For a bearish outlook, BTC might return the $56,881 support if the price fails to break the immediate bearish trendline and returns below the $60K level.

See Related: Bitcoin And Ethereum Technical Analysis: BTC Tests Resistance Above $60K, ETH Could Pullback To $3.2K Before Rejoining Downtrend

Key Findings: ETH Technical Analysis

  • Ethereum passed the $2,400 resistance after the price denied a move below $2,110.
  • The RSI at 46.07 (below 50) is yet to confirm a bullish momentum.
  • ETH/USD is expected to be cruising towards $2,700 as long as the price holds above the psychological support at $2.4K.

Bitcoin Technical Analysis – ETH Daily Chart

Bitcoin Technical Analysis
ETH/USD might pull back above $2,700 as the price holds above the support at $2,400. Source: The Distributed

Ethereum was under an overall bullish momentum throughout last week. However, it underperformed Bitcoin and the majority of altcoins, which remains a near-term risk for investors.

According to the daily chart, ETH shows the potential of initiating a bullish trend after the price plotted a higher low above the $2,110 support last week. Additionally, a break above the $2,400 psychological level fueled confidence for buyers. The current bullish stance will remain intact until the price remains above the $2.4K level.

A break of the recent bullish candle’s high at $2,464 could reinforce the bullish momentum and make ETH/USD to pull back above the $2,700 level. Alternatively, failing to sustain above the $2,400 mark might force the price to retest the critical support at $2,110.

Tags: Digital AssetsPrice ChartsTrade Signals

Most Read

Artificial Intelligence

Top Canadian Media Outlets Sue OpenAI In Copyright Case Potentially Worth Billions

December 5, 2024
Artificial Intelligence

Introducing Deep Research: OpenAI’s Launches New Agentic Tool In ChatGPT

February 21, 2025
Bitcoin

Bitcoin And Ethereum Technical Analysis: BTC Targets $64K After Surpassing The $60K Barrier, ETH Crosses $2.4K As Bulls Set Sights On $2.7K

September 16, 2024
Cryptocurrencies

Crypto Skyrocketed In May As Bitcoin Gained Institutional, Regulatory Backing – Report

June 16, 2025
Artificial Intelligence

Meta Switches To Clean Energy By Partnering With Constellation

June 18, 2025

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
The Distributed

  • About The Distributed
  • Terms
  • Contact
  • Privacy
  • Editorial
  • Careers
  • RSS Feed

© 2023 The Distributed

No Result
View All Result
  • Cryptocurrencies
    • Adoption
    • Altcoins
    • Bitcoin
    • Blockchain
    • Business
    • Decentralized Finance
    • Ethereum
    • Hacks
    • Crypto Markets
    • NFTs
    • Regulation
    • Scams
    • Stablecoins
  • Finance
    • Banking
    • Central Banks
    • Financial Markets
  • Technology
    • Artificial Intelligence
    • Cyber Security
    • Metaverse
    • Web3
  • Learn
    • The Coins
    • The Future
    • The Innovations
    • The Technology
  • Tools
    • Cryptocurrency Market
    • Stock Market
    • Economic Calendar
  • Research
  • Reviews
    • Exchanges
    • Wallets
  • Headlines
  • About Us
  • Contact Us

© 2023 The Distributed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.