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Bitcoin and Ethereum Trade To Record Highs

The price of Bitcoin cleared USD 52,000 and traded to a new high of almost USD 52,750 and Ethereum soared 10% and traded at USD 1,915 to a new all-time high.

Bitcoin price exceeded USD 51,000 and USD 52,000 after a daily close above the USD 50,000 level. Before it started a minor downside correction, BTC traded to a new high of USD 52,750. It is trading close to USD 52,000, with immediate USD 51,500 support. The next primary support stands at USD 51,000.

According to cryptonews.com, on the upside, short-term hurdles are the USD 52,750 and USD 53,000 levels. The pace for a move towards the USD 55,000 mark could be set by a break above USD 53,000.

The Ethereum price cleared the resistance levels of USD 1,830 and USD 1,840. ETH also popped above the USD 1,880 mark and traded around USD 1,915 to a new all-time high. More upsides towards the USD 1,950 and USD 1,980 stages are implied by the recent price action.

On the downside, around USD 1,880, the bulls may remain active. Near the USD 1,850 mark is the next major support.

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