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Bitcoin will react to the decline due to the death cross that will take place soon between the 50-period simple moving average and the 200-period simple moving average, according to daily trading parameters. Next supports: $25009.81; 24544.33; and $23147.88.Perhaps the liquidations that will take place on the 13th due to the FTX exchange will cause many to open short positions and thus generate liquidity to the market in counterpart to the demand.

Monthly parameters suggest that #Bitcoin #BTCUSD could touch $22,942.81. Price is being forced into a weekly correction that has led to volume loss, #volatility and low sentiment. However, for the upward trend to continue it is necessary to break the resistance of $27724.91, which was rejected a few days ago. Bearing in mind the aforementioned correction, a near support is found at $24885.37. But the starting range for many will be between $23,196.56 and $26,162.12. Consequently, the price is expected to reach the next impulse up to $40520.42 during the following months on this #Elliot Wave One

Ethereum (ETH) price is struggling to consolidate above $1,700. This Monday, February 20, is the fifth consecutive day that Etherum has passed that level, but in the previous days it has not been able to close above said price.As of this writing, ETH is trading at just $1,708, on TradingView records . The highest level in recent days was recorded on February 16, when it reached $1,742 per unit .However, on that occasion the daily candle closed in the red, below $1,640 . The same has happened on the other days, with ETH being unable to stay above the $1,700 barrier at the end of the day.At the moment, he is achieving it this Monday. That price mark is an important barrier, taking into account that that level was lost 5 months ago. On September 13, its price fell from there to not return, until a few days ago.As it was reported by the end of January ETH had managed to consolidate a new price level above $1,500 . In addition, various bullish signs already supported the rise of the cryptocurrency from that moment.So far this year, the entire cryptocurrency market has been bullish and very promising. In addition to ETH, bitcoin has risen almost 50% this 2023 and went to its best price in 6 months.In addition, there are already at least 30 cryptocurrencies in the top 100 that have doubled in price today. A list that was barely 17 coins a few days ago. In that list there are even some outstanding trends, such as the case of cryptocurrencies related to artificial intelligence or Stacks case and its relationship with the NFT Ordinals in Bitcoin.

The breakout (on a weekly basis) for Bitcoin to reach $27894.21 is actually at $25059.88 and $25199.99.The death cross, that is: crossing the EMA200 with the EMA50; It was executed exactly the last week of January with a weekly closing on January 30.If there was a channel opening at that death crossing, that is, an accumulation channel between the prices of $24,788.24 and well above $25,001.94, Bitcoin could reach the next level and very close to $27,894.85; with resistance at the Bolliger upper band crossing at $27,992.48 and the EMA100 at $27,795.11.It is a critical period, where the intelligent observe the upcoming closures; but mitigating that with the great accumulation of demand exposed by the Ichimoku cloud cumulus, a bullfight can be unleashed in a public square and with a tendency to liquidate blindly.