

Bitcoin and ethereum confirm crypto reversal. Where the charts say they are headed
Subscribe to enjoy similar stories. Bitcoin is beginning to look less like a trade and more like an upward trend—one that investors should get in on. After a six-months-long stretch defined by skepticism and false starts for the crypto, there are multiple signals that a durable recovery is under way.
Among them, price action has stabilized, volatility has moderated, and there still seem to be plenty of doubters. Bitcoin is currently trading around $96,000 and has added 15% from last November’s low. Bitcoin’s recent advance is being reinforced by improving technical structure rather than momentum alone: The price has reclaimed key moving averages, trendlines are turning higher, and pullbacks are being met with steady demand from buyers.
While short-term volatility remains, the technical picture increasingly suggests this move is building on a firmer foundation than past rallies. For months, many analysts attributed cryptocurrencies’ weakness to the relative strength of traditional havens such as gold and silver, implying that a retracement was inevitable once metal prices eased. Yet markets don’t always require strict mean reversion.
Bitcoin and other major tokens are showing signs of independent momentum—suggesting that the recent gains are driven by more than simple rotational flows out of precious metals. In other words, both asset classes can continue to climb. Or a potential precious metal drawdown can serve as fresh capital for the crypto space.
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