Ethereum, Bitcoin Setting Up New Attack on ATH Soon - Buy the Dips Along the Way

Market Analysis by Investing.com (Damian Nowiszewski) covering: BTC/USD, ETH/USD. Read Investing.com (Damian Nowiszewski)'s Market Analysis on Investing.com

Bitcoin is facing potential headwinds from Mt. Gox exchange transfers, but the long-term outlook remains bullish.Learn more here>>

These long-frozen assets could be sold after being unfrozen, potentially triggering a local correction in the $71,000 region. With the deadline for returning these funds set for November, the trading volume could spike in the coming days. Bitcoin's bulls face two main challenges in their quest for new peaks. The first threat comes from a potential resurgence of the

Technically, Ethereum bulls now have their sights set on reclaiming the all-time high of $4,100 per coin. A breakout above this level is the most likely scenario in the near term.

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