Bitcoin Rebounds, Ethereum Uptrend at Risk

As long as Bitcoin remains above $77K–$79K, institutional investors remain in profit and selling pressure remains low. If this level is lost, 2.57 million BTC will once again be in the red, analyst João Vedson warns.

The protracted downturn in the crypto market has come to an end, said Hunter Horsley, CEO of Bitwise Asset Management. In his view, Bitcoin will reach a new all-time high next year against a backdrop of growing interest from major investors and traditional financial firms.