Today we take a look at the technicals for Bitcoin and Ethereum.
The crypto market (and stock markets globally) has been down heavily during the past several months.
The current pullback is allowing price to stabilize above 52-week lows as it continues to form a base.
Unless price breaks and fails to recover, we can expect price to continue the current sideways trend.
Watch this video to get the technical insights.
Good trading!
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From Coinbase
Bitcoin The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain. Bitcoins are divisible into smaller units known as satoshis — each satoshi is worth 0.00000001 bitcoin.
Ethereum is a decentralized computing platform that uses ETH (also called Ether) to pay transaction fees (or “gas”). Developers can use Ethereum to run decentralized applications (dApps) and issue new crypto assets, known as Ethereum tokens.