After 10 days of chopping, BTC is again close to testing the crucial 99.5k USD mark – with 6 consecutive green days in BTC already. If Bitcoin fails to breach this resistance, we could see a downslide in the entire market. However, if Bitcoin flips 100k with volumes, this could start a major rally similar to what we saw in January 2024.
On the other hand, Ethereum is struggling to make new highs against BTC with the ETH/BTC pair trading around 0.037 BTC per ETH. The 0.04 level has to be broken for ETH to outperform BTC in terms of price action.
