Bitcoin, Ethereum Price Prediction- Altcoin Rises As BTC Regains Lost Ground
Bitcoin, Ethereum price prediction: The crypto market is back on its feet despite the recent FED interest hike of 75 bps. The BTC and ETH prices painted green today and recovered from the losses witnessed during the November 2nd interest hike sell-off.
At 9:17 am EST Friday, the crypto market stood at $1.04 Trillion, a 3.72% rise over the last day. Moreover, the total crypto market volume has reached $90.82 Billion, representing a loss of 12.41%. The total volume in DeFi is currently $6.63 Billion, 7.30% of the total crypto market 24-hour volume.
Top Gainers and Losers
Source- Coin360
Today, the top gainers among the top 100 cryptocurrencies are Loopring and OKB. By the press time, the LRC price trades at $0.3763 with a 40.09% gain in the last 24 hours, and the OKB price stands at $20.45with a 25.74% jump. On the flip side, the top losers are Dogecoin and Chain, where the DOGE price moves at $0.1215, registering a 6.01% loss, while the XCN price trades at $0.05094 with a 3.23% fall.
Bitcoin Price
Source- Coinmarketcap
The recent sideways march in Bitcoin price was actually responding to a flag pattern. In theory, this pattern offers a short such as this to replenish the bullish momentum. Despite a sudden burst of selling pressure due to a 75 bps interest hike, the BTC price managed to sustain this pattern.
As of now, the coin price trades at $20517 with an intraday gain of 1.55%. This green candle triggers the bullish continuation pattern with a breakout from the falling trendline. Currently, the Bitcoin price gives a retest to the breached trendline, checking or price sustainability.
Source- Tradingview
The post-retest rally may surge Bitcoin prices 5.5% higher to hit $22000.
Ethereum Price
Source- Coinmarketcap
The Ethereum price showcased the same flag pattern 4-hour time frame chart. The altcoin currently trades at $1615 with an intraday jump of 5.5%. Thus, with the long bullish candle and sufficient volume rise, the prices surpassed the pattern’s resistance trendline.
Currently, the post-retest rally registers a 3.3% rally, and sustained buying should lead the prices to $1800.
Source- Tradingview
The 4-hour RSI slope returns to the bullish region(above 50%), indicating that market confidence is turning for bullish growth.
- FOMC Minutes Signal Fed Open to More Rate Cuts This Year, Bitcoin Bounces
- North Dakota To Issue ‘Roughrider’ Stablecoin Following Wyoming’s Footsteps
- Ethena Labs and Jupiter Partner to Launch JupUSD Stablecoin on Solana
- BlackRock’s Bitcoin ETF Leads ETFs With $3.5B Weekly Inflows as It Eyes $100B in AUM
- MetaMask Launches Hyperliquid Perpetuals In-App, Plans To Integrate Polymarket
- Bitcoin Price Prediction as US Govt. Shutdown Extends- What’s Next for BTC?
- Solana Price Megaphone Points to a Parabolic Move as SOL Treasuries Near $3B
- XRP Price Prediction Amid ETF Approval Roadblock as Analyst Warns of $2.72 Dip
- Binance Coin Price Prediction If It Surpasses Bitcoin Marketcap— Is $3000 Possible in 2025?
- ASTER vs HYPE Price Analysis – Which Perp DEX Token Looks Poised to Dominate Q4 Performance?
- Ethereum Price Could Soar to $6,500 as BlackRock’s ETF Nears $20B Milestone
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
