Cryptocurrency markets had an incredible week, increasing optimism among investors. The main question is, when will the bullish rally stop? Are we expecting any strong corrections?

Bullish sentiment among investors has raised the cryptocurrency market in the past week, bringing a huge growth in many different assets. Bitcoin consolidated above $46,000, reaching its highest price in the last 3 months after the big crash we saw back in May. As a result, the market capitalization of BTC is now above $860 billion for the first time in months. It looks like nothing is going to stop the most popular cryptocurrency in the world, but let’s be critical. Are we really looking forward to Bitcoin reaching its all-time high in the next few weeks? Image retrieved from: http://www.eleconomista.com.mx/economia/Bitcoin-una-criptomoneda-de-dos-caras-para-los-salvadorenos-y-sus-remesas-20210621-0011.html On the other hand, most of the alternative coins have followed Bitcoin into the bullish path, closing an amazing week with very positive and encouraging results. Ethereum´s price managed to consolidate above $3,000 with a total market capitalization of more than $350 billion. As well, Cardano, Ethereum´s main competitor in the blockchain network development, which has gained investors interest in the past months, reached a price above $2, having now a market capitalization around $60 billion. This makes us ask which network project will succeed better in the future, so it would be a wise idea to diversify. Image retrieved from: http://www.somagnews.com/cardano-founder-done-from-500-million-ethereum/ In contrast, we are also having some bad news because last week, what seems to be the biggest heist in the decentralized finance world took place. A group of hackers managed to break into the protocol system known as PolyNetwork, which allows users to do transactions using blockchain technology, stealing around $600 million in crypto currency. It looks like thousands of investors were affected by this event, but luckily around $33 million were frozen by the issuer so the attackers would not withdraw them. Remember to be really careful and take care of your personal and financial information! Image retrieved from: http://www.campusciberseguridad.com/blog/item/133-tipos-de-hackers Bitcoin is now above $46,000. Nevertheless, we can also see an important resistance in the current price, but if the price breaks this level, we could expect BTC to consolidate above $50,000. But be careful, it is a very strong resistance zone! BTC/USDT (TradingView Chart) On the other hand, Ethereum is now above $3,200 with a critical support between $2,900 and a next possible resistance zone close to $3,500. ETH/USDT (TradingView Chart) Remember to be aware of every single piece of information related to cryptocurrency regulations, which could be the next huge event that could shake crypto markets in a big way.