Bitcoin, Ethereum Price Prediction- As The Crypto Market Struggle In Uncertainty
Bitcoin, Ethereum price prediction: the BTC and ETH price rejecting higher price hints resumption of ongoing consolidation. Thus, the global crypto market cap stands at $807.19 billion, showing a 0.43% loss in the last 24 hours. Moreover, the total crypto market volume shows a 4.42% jump to reach $19.07 Billion.
Top Gainers and Losers
Source- Coin360
Among the top 100 cryptocurrencies by market cap, the OKB and Lido DAO showcase the highest gain, where the OKB price rose 5.05% to reach the $22.88 mark, while LDO price increased 3.01% to $0.966. On the other hand, Trust Wallet Tokens and MultiversX (Elrond) Tokens are top losers, with TWT price at $1.34 down 8.91%, while EGLD price at $33.20 is down 5.09%.
Bitcoin Price
Source- Coinmarketcap
Following the mid-December downfall, the Bitcoin price went sideways immediately. Though this downfall breached some crucial support levels, such as the support level of the inverted flag pattern and $16900-16820, the sellers struggled to follow up on this breakdown.
Over the past five days, the BTC price has showcased short-body candles with price rejection on both sides. These candle structures and decreasing volume activity define indecisiveness among market participants.
Source- Tradingview
However, if the Bitcoin price remains below the mentioned resistance, the sellers will have the upper hand and are likely to drop prices lower. Thus, a possible downfall may plunge the price to $15600.
On a country note, a daily candle closing above $16900 will encourage the resumption of prior recovery.
Ethereum price
Source- Coinmarketcap
Similar to Bitcoin, the Ethereum price lost local support of $1230 amid the recent downfall. As the sellers try to follow up on this downfall, the increasing buying pressure undermines their attempt and keeps the price action sideways.
The ETH price consolidating for the last five days and shows a long lower price rejection candles. Thus, if the buying pressure persists, a daily candle closing above $1230 will accelerate the buying pressure and may push the prices 12% higher to $1350.
Source-Tradingview
Conversely, if the price sustains below $1230, the sellers may eventually lead the prices lower.
- Nomura Eyes to Ripple Dominance in Crypto Trading in Japan as Demand Rises
- Sharps Technology Plans $100M Buyback to Boost Solana Treasury as SSK ETF Hits Record $382M AUM
- Will Bitcoin Reverse to $115K Max Pain Price amid Crypto Options Expiry Today?
- Cardano Gets 100 Million User Exposure With Brave Integration, Whales Scoop 70M ADA
- Japanese Gaming Firm Gumi to Boost Treasury With BTC, XRP After $38M Raise
- Bitcoin Price Hits $120K, Is Citigroup’s Bold Q4 Prediction in Motion?
- Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying
- Solana Price Eyes $360 After Bullish Retest As VisionSys AI Deploys $2B Treasury Strategy
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
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.
