As the Bitcoin price exhibits signs of recovery, climbing back above $90,000, the cryptocurrency community finds itself sharply divided. Some analysts believe this movement is merely a relief rally preceding another downturn, while others maintain that a bull market is still in play despite a recent 30% correction.
Bitcoin price extended its losses and traded below the $64,500 level. BTC is correcting losses, but the bears are still in control and aim for more losses.
Ethereum price started a fresh increase from the $3,350 support zone. ETH is outperforming Bitcoin and might rise further toward the $3,650 resistance.
Bitcoin price started another decline from the $66,850 resistance zone. BTC is again moving lower and might even decline below the $65,500 support zone.