Bitcoin hits the last bend before the record as Ethereum hits $ 2,000

Bitcoin (BTC) price continued to slowly move up to return to all-time highs, reaching $ 60,000 for a short time as of April 2.

1-hour candlestick chart (Bitstamp) for the BTC / USD pair. Source: Tradingview

BTC price touched $ 60,000

According to data from Cointelegraph Markets and TradingView, Bitstamp achieved a local peak of $ 60,110 on the exchange.

The ensuing correction brought the pair closer to $ 59,000 and at the time of this writing it was trading at $ 59,600.

The effort to stay high means that Bitcoin has recovered from the beginning of the week and continues to trade in a safe corridor.

Popular trader Crypto Ed tweeted on Friday that “I am pursuing the target of $ 73,000 for BTC and $ 2,300 for ETH.” Wrote.

“As far as I see now, ETH is on its way. BTC is not yet convinced of the target, but I think we will see a strong increase of over 60,000 (soon).”

Other experts are more optimistic. Short-term estimates include $ 68,000 and $ 73,000. The targets for the end of 2021 exceed $ 288,000.

BTC / USDT trading levels (Binance) as of April 2. Source: Material Indicators

Commenting on Twitter, Rekt Capital said, “The area of ​​about $ 57,500 for BTC was rejected in February. But BTC seems to have turned that level to support a few days ago.” said.

“Now the point is to continue from here. And as if this road was taken today …”

$ 5,000 for Ether is “inevitable”

Commenting on Ethereum (ETH), Crypto Ed failed to pack the largest altcoin by market cap, reaching $ 2,000 for the first time since February 20.

After the ETH / USD pair fell in line with the bitcoin price action, it was bullish last week. The pair roughly approached its historical record of $ 2,040.

Hourly candlestick chart (Bitstamp) for the ETH / USD pair. Source: TradingView

As Cointelegraph reported, price targets for Ether are now higher than ever. The next target is at $ 2,600. Then, $ 5,000 or even $ 10,000 is on target.

Just like BTC, the amount of ETH held in exchanges has been dropping sharply this year.

Comparison of ETH reserves in exchanges and ETH / USD parity. Source: CryptoQuant

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