Analyst sets key conditions for Bitcoin and Ethereum to rocket
In spite of Bitcoin (BTC) and Ethereum (ETH) surrendering $44.8 billion and $8.9 billion of their market capitalization over the past 24 hours, through September 28, Aksel Kibar, a former fund manager, has cautioned against these cryptocurrencies falling below and hovering near their May 2026 peak. Kibar affirmed that Bitcoin and Ethereum need to move quickly away from current levels to continue their recent bull market. “If these are short pullbacks to broken resistance levels, price needs to quickly move away from current levels, resulting in strong weekly closes,” Kibar documented on September 27. He marked a major weekly support level at approximately $82,800 for Bitcoin. Furthermore, this chartist emphasized that this liquidity zone was previously a strong resistance level since BTC capitulated to $60,000 in February, early this year. BTC/USD daily chart. Source: TradingView Comparably, Kibar argued that Ethereum’s price has broken...