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Recent gains followed a bounced from the 100-day Simple Moving Average and the midpoint of the Fibonacci retracement at 46815.50.
Now, BTC/USD is facing its next test to see whether or not it could set a course to revisit the all-time high set earlier this month.
Litecoin is also attempting to reverse a sharp drop experienced earlier this month which shaved off over 20% of its value.
Resuming the recent bounce may eventually pave the way to retest the 2018 peak at 306, with the April 17th high sitting above at 335.
Ethereum continues to push deeper into record highs, with the 20-day and 50-day Simple Moving Averages maintaining the dominant upside focus.
Should the cryptocurrency extend losses beyond that, the 2038 – 1942 inflection zone could be a key point of interest.
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.