Can Bitcoin and Ethereum Recover?

Bitcoin and Ethereum have been teasing investors over the past few months, falling steeply and causing everyone to question when the tokens will recover their value. Having reached all-time highs in the latter part of 2021, investors believed that the tokens would keep growing, but now, they are not performing well and eluding analysts who aim to predict their movements. Some analysts believe that Bitcoin can begin to recover because it broke out of the $42,000 region and simply needs to close above $42,500 for the first time in quite some time to go bullish once more. The next key region for Bitcoin appears to be the $44,500 to $46,000 range. Even so, analysts like Justin Bennett are tweeting things like, “Still in 75% of my Bitcoin spot long.” Other analysts are looking at Ethereum, wondering when it can break out of the reaccumulation zone from $2000 to $4000. Still, others believe that Bitcoin could see “lower highs” around the $47,000 to $52,000 range. Finally, analysts Smart Conductor said that Bitcoin could close above the 50-day moving average, which caused a massive rally in July of 2021. At press time, Ethereum was trading at just under $3100, down a fraction of a percent on a massive increase in volume.