Bitcoin and Ethereum are currently in a consolidation phase, with Michael Van De Poppe, an analyst, stating that hype-driven events are crucial for both coins to sustain their bullish trend. Poppe noted that $47k is the next crucial level for Bitcoin, but as long as it stays above $25.4k, there is a likely case of continuation on the trend.

If Bitcoin falls below $25k, it may revisit the 20k lows, but this is not expected to happen in the near future. In the meantime, Bitcoin's upward momentum is expected to continue, and investors should close positions only if it falls below 25k.