Big increase in BTC and ETH, but it’s not done yet

While it is a sizable rise from the bottom for BTC and ETH, there is still some work to be done to sustain this.

After months of red numbers, cryptocurrency fans are thrilled to finally see green. And that is also the case with increases in Bitcoin and Ethereum, among others. Still, it doesn’t say much. And that has everything to do with the current price value.

Let’s use Bitcoin as an example. The currency has recently bottomed around $18,000. Then the current value of $22,245 is on Coindesk very positive. A neat increase of almost four percent. Still, don’t jump into the air just yet.

The past has shown that a green day can turn into a decline in just hours. Selling pressure ensues and before you know it, BTC’s rise has turned into a drop to the $20,000 level.

BTC must break through the USD 23,000 and preferably with a lot of conviction to radiate strength. Ethereum does not seem to be in danger of dropping back to $1,000 at the moment, but the same message applies to this altcoin as well. Break through to convince.