Bitcoin and other cryptocurrencies are finally showing strength and a move above $70,000 levels is possible. As BTC has witnessed a quick rally during the last 4-5 trading sessions from 60,000 levels, many traders might be considering selling BTC at current levels. This could be a range-breaker region for BTC and Ethereum. So, sells at this level could be very high risk or they can be highly rewarding. From our experience in BTC trends, if BTC remains above 65,000, there is a good chance for a break above 70,000 levels.

Cryptocurrencies have been moving in a range and market participants have been talking about 70,000 levels for almost four weeks now. Markets have not been able to sustain above $65,000 levels during the last few weeks. Selling was always witnessed at higher levels. But, this time seems different. BTC is trying to remain above $65,000 and this could help it push higher.

Ethereum is even more bullish compared to BTC. Ethereum has reduced the gap with BTC and the current strong trend.

At the time of publication of this report, BTC is trading at $67,700 and we can expect another higher push.

Among other assets, Gold has been trading firm today and we could see another all-time high. Market participants are also expecting $2700 levels for Gold this week. Witnessing the bullish breakout above $2650, the next target for Gold bulls is $2700.