Bitcoin support holds near the $60,000 mark.
Source: www.tradingview.com
Bitcoin maintains support near $60,000, with its RSI on the bullish side of 50. A positive cross of its exponential moving averages (black circle) will be a positive development.
Bitcoin is trading at $62,585, having declined from its mid-March peak near $74,000. Analysts suggest Bitcoin might rise towards $67,000, with cautious investors waiting for it to surpass $72,000-$73,000 for a confirmed upward trend. Ether is trading at $3,440 but has risen 80% over the past year. The crypto market is eagerly awaiting the launch of ETFs tied to Ether, with final approvals expected this summer,and the market expecting an even faster timeline for trading to commence.
Russell Shor
Senior Market Strategist
Russell Shor is a Senior Market Strategist at FXCM, having been promoted to the role in 2025 in recognition of his depth of insight and consistent delivery of high-impact market analysis. He originally joined FXCM in October 2017 as a Senior Market Specialist.
Russell holds an Honours Degree in Economics from the University of South Africa, is a certified FMVA®, and a full member of the Society of Technical Analysts (UK). With over 20 years of experience in financial markets, his work is renowned for its clarity, precision, and strategic value across asset classes.
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