BTC and ETH: higher and higher

The cryptocurrency market has grown decently during the viral panic. Investors, as in normal periods of searching for safe assets, drew attention to BTC and altcoins. As a result, since the beginning of January, the value of the flagship cryptocurrency has grown by 42%. On Thursday afternoon, February 13th, BTC is trading at $ 10,198, with some adjustments. The general mood in cryptocurrency remains positive, the market is in no hurry to reduce its position here, because it is not at all sure that the virus panic has passed.

The technical picture demonstrates that BTC needs to gain a foothold above $ 10,000 in order to continue to rise to the target by $ 10,500. The support area is located at $ 9800/9900, and it cannot be ruled out that the correction will take the cryptocurrency rate exactly here. If the desire to take profits is too voluminous, BTC is able to move to $ 8500. However, the option with a return to growth and an attack on $ 10500 now looks more likely.

Among altcoins, Ethereum's behavior is noteworthy. Since the beginning of 2020, the digital currency has risen in price by 93% and is currently trading at $ 267.80. ETH for a long time seemed underestimated, but the constant delays with the launch of the Ethereum 2.0 network fully justified the position of stagnation in the cryptocurrency. The wave of demand for alternative assets allowed ETH to go beyond the corridor of $ 121-178 and form a stable upward trading channel with the immediate goal of $ 280