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Bitcoin and Ethereum Show Signs of a Bullish Reversal

  • Bitcoin's Relative Strength Index (RSI) is nearing a breakout from a long-term downtrend, indicating a potential bullish reversal.
  • Bitcoin continues to hold support at $78K-$80.7K and could rally to fill the $82,245-$87,000 CME gap.
  • Ethereum has dropped into a historical demand zone, triggering bullish reversals in the past, with a target of $3,900.
  • Rekt Capital, a prominent crypto commentator, believes that Bitcoin and Ethereum have reached their local bottom and could bounce in value.

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