BTC maintains support at $69,000. ETH remains stable in the low $2,000s. XRP continues to move sideways below $1.44.
Design = Blockstreet Reporter Jeong Ha-yeon
The strong supply and demand dynamics in the virtual asset market continue, with a massive net inflow of 2.56 trillion won (approximately $2.2 billion USD) into US virtual asset spot ETFs the previous day. The market, which was expected to see a short-term correction following the recent surge, has failed to show a clear trend, maintaining price stability and moving sideways.
Bithumb Bitcoin (BTC) daily chart
Bitcoin (BTC) is successfully defending its price, holding above the $68,770 level, considered a key upward turning point. As of 3:50 PM on the 12th, Bitcoin was trading at $69,460, and market analysts believe that if it remains stable within this range, further upward momentum is possible.
Bithumb Ethereum (ETH) daily chart
Ethereum (ETH) is also maintaining its near-term support level, holding in the low $2,000s. As of the same time, Ethereum is trading at $2,028, and whether it reaches $2,030 is considered a key criterion for determining whether the short-term trend will continue.
Bithumb Bitcoin (BTC) daily chart
XRP continues to trade sideways, exhibiting relatively limited movement. It is currently trading below the $1.44 resistance level, and whether it breaks through that level is seen as a key variable in determining the formation of a future upward trend.
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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