Bitcoin and Ethereum price outlook: Testing key levels amidst mixed sentiment

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Bitcoin is testing support at $98,000 and $95,000, with resistance at $105,000 and $110,000.

A recent 3% dip and concerns over potential global interest rate hikes have created short-term bearish sentiment.

However, institutional buying, particularly from World Liberty Finance, may stabilize prices if BTC nears $98,000. Upcoming U.S. PCE data could also impact risk asset performance.

Ethereum, trading with support at $3,100 and $3,000 and resistance at $3,450 and $3,600, has been affected by speculative narratives like “Solana Will Flip ETH.”

Positive momentum continues with strong Ethereum ETF inflows and expected scalability updates from Ethereum Core Dev discussions.

Additionally, anticipated World Liberty Finance announcements this week may boost ETH demand.

Both assets remain pivotal, with market catalysts and macroeconomic factors shaping their near-term trajectories.

Ryan Lee, Chief Analyst at Bitget Research


Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.

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