Are we looking at a Bitcoin run toward the mid-$70k zone before year-end? Market watchers are eyeing that level closely. Meanwhile, the Ethereum camp isn't backing down—fresh ATH territory still seems very much in play, according to crypto analysts tracking the charts.
So what's driving the narrative? Bitcoin's been consolidating around key support zones, and momentum watchers suggest the holiday season could spark fresh buying interest. As for Ethereum, network activity remains robust, and with institutional attention creeping back in, breaking through previous resistance looks increasingly feasible.
The big question: will we see both major assets make their move together, or will one take the lead? Either way, the conviction from the analyst community suggests conviction remains. Volatility's part of the game, but the technical setups are worth monitoring closely.
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BlockchainDecoder
· 3h ago
From a technical perspective, this set of arguments clearly lacks sufficient data support—does the inference about holiday season buying pressure have actual on-chain indicators backing it?
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Research shows that the support level consolidation and new high breakthroughs for BTC occur simultaneously, essentially betting on a risk appetite rebound, but without real institutional holdings data support, it's hard to be convincing.
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It's worth noting that the question about "two major assets moving simultaneously" in the article is quite good, but it also highlights that most analysts are actually playing a probability game rather than doing technical analysis, smh.
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Strong online activity ≠ feasible breakout; I got tired of this logical leap back in 2021, and people were saying the same thing then.
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Don't just focus on 70k and new highs; it's better to calmly look at capital flows and leverage data, as those are the real triggers of volatility.
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Based on the following points—support levels, institutional attention, holiday effects—the correlation among these three variables isn't that strong; more detailed factor models are needed for validation.
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PumpDetector
· 7h ago
70k sounds nice on paper but honestly we've been here before... the real question is whether institutions actually follow through or just ghost us like mt gox recovery promises lol
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FalseProfitProphet
· 12-16 18:57
70k? Uh... here we go again with the same excuse, always claiming to push for results but just squeezing toothpaste out.
Institutional rebound? I see it more as a signal of chopping the leeks, haha.
Interest in buying during the holiday season? Wake up, everyone. Spot trading is stagnant, futures are the main players.
Ethereum new high? When was the last time we talked about a new high...
View OriginalReply0
UnluckyValidator
· 12-16 18:56
70k is still too conservative. This time, it should at least push to 75 and look upward.
Holiday buying? Uh... I still don't quite buy that explanation.
It's good enough if ETH can break the previous high; don't overthink it.
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hodl_therapist
· 12-16 18:56
70k? We'll be trapped again then. I've seen this trick too many times.
Interest in buying during the holiday season? I feel like everyone is just cutting losses...
Institutional rebound? Bullshit, they're just dumping the market, bro.
Can ETH break through? Let's see it break 3k first.
A leader? Probably all falling together, that's my real experience.
View OriginalReply0
EthSandwichHero
· 12-16 18:31
70k? Wake up, we're still a long way off
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Holiday season buying? Nice try, I think it's mostly an excuse to cut the leeks
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If Ethereum really wants to break through, it would have done so already. Don't tell me it's institutional recovery
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I believe both rise together, but then it'll be a scenario where one leads and the other follows
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Pay close attention to technical layout... Alright, let's see how you get trapped
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Are the things recommended by momentum observers accurate? Haha
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Bitcoin has been consolidating for so long, it shows even holders are not optimistic
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Ethereum is really different this time? I feel like I've heard that a hundred times
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Is volatility just a game? Then I'll just go all in and be done with it
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The renewed institutional attention actually makes me more nervous
Are we looking at a Bitcoin run toward the mid-$70k zone before year-end? Market watchers are eyeing that level closely. Meanwhile, the Ethereum camp isn't backing down—fresh ATH territory still seems very much in play, according to crypto analysts tracking the charts.
So what's driving the narrative? Bitcoin's been consolidating around key support zones, and momentum watchers suggest the holiday season could spark fresh buying interest. As for Ethereum, network activity remains robust, and with institutional attention creeping back in, breaking through previous resistance looks increasingly feasible.
The big question: will we see both major assets make their move together, or will one take the lead? Either way, the conviction from the analyst community suggests conviction remains. Volatility's part of the game, but the technical setups are worth monitoring closely.