Is the rise of Bitcoin and Ethereum over?

Cryptocurrency Market Uncertainty Persists

The cryptocurrency market continues to experience uncertainty, as volatile price movements in recent days have drawn investors' attention. The leading cryptocurrency, Bitcoin (BTC), has dropped by 0.27%, reaching $86,736. In contrast, Ethereum (ETH) is trading at around $2,015 after a slight increase of 0.28%.

Bitcoin Struggles at Critical Support

Macroeconomic developments, the U.S. Federal Reserve's interest rate policy, and global market uncertainties continue to cause fluctuations in the crypto market. Bitcoin is trying to stay above the critical support level of $86,600. If this level breaks, prices may decline to lower support levels of the downtrend. On the other hand, if bulls intervene, the first strong resistance level to watch will be $90,945. A significant breakout in this area could lead Bitcoin to test the $95,632 level. However, with the current market conditions, investors need to remain cautious.