Bitcoin, Ethereum Price Prediction- This Range Breakout May Clear Uncertainty In Crypto Market
Bitcoin, Ethereum price prediction: the BTC and ETH price prolong consolation has created a sense of indecisiveness among market participants. However, both these coin shows a range formation in the daily chart, which offers a technical setup for the directional rally. Here’s how this setup may influence Bitcoin and Ethereum’s future price.
Top Gainers and Losers
Source- Coin360
Among the top 100 cryptocurrencies by market cap, the Trust Wallet Token and Solana show the highest gains in the 24 hours. Thus, the TWT price rose 8.05% to hit the $1.42 mark, while the SOL price increased 7.95% to reach $9.87. Conversely, Hedera and GateToken Tokens are top losers, with HBAR price at 2.91%, down $0.03735, while GT price shows a 2.83% loss to hit $3.03.
Bitcoin
Source- Coinmarketcap
For over two weeks, the Bitcoin price has resonated between definite levels of $16950 and $16285. Within this range, the prices retested the mentioned levels several times, indicating the market participants are trapped in uncertainty.
On December 30th, the Bitcoin price showed a long lower price rejection candle at the $16285 mark suggesting the buying pressure persists and the consolidation phase would continue for a few more sessions.
By the press time, the Bitcoin price traders at $16563 with an intraday loss of 0.24%
Source- Tradingview
Thus, for Bitcoin price to escape the stagnant market condition, it needs to break out from this narrow range. A bullish breakout from $16950 will replenish the recovery phase and may encourage BTC to reach $17300, followed by $18300.
On a contrary note, a daily candle closing below $16285 will drop the prices back to $15600.
Also Read: Bitcoin Price Prediction: Complete Report On What To Expect In 2023
Ethereum
Source- Coinmarketcap
Similar to Bitcoin, the Ethereum price is following its own consolidation phase, stretched from the $1230 and $1160 mark. This altcoin also shows price rejection on both ends of the several candles, accentuating the ongoing uncertainty in the market.
Currently, the Ethereum price trades at the $1198 mark with an intraday loss of 0.12%.
With ongoing negativity in the crypto market and the downsloping EMA resistances(20, 50, 100, and 200), the ETH price is likely to breach the range support of $1160. This breakdown will tumble the prices of $1100-$10808 support.
Source-Tradingview
Conversely, a bullish breakout from the $1230 resistance will increase prices to $1350.
- SEC Chair Paul Atkins Says Crypto Is Top Priority At SEC CFTC Roundtable
- Legal Expert Breaks Down XRP’s Appeal as Ripple SWIFT Debate Heats Up
- Crypto Stakeholders Push Back as Banks Seek Yield Ban Provision in CLARITY Act
- Crypto ETFs Approval Faces Uncertainty as Government Shutdown Looms, Bloomberg Analyst Says
- Fed’s Hammack Backs Restrictive Policy Over Rate Cuts Amid Inflation Concerns
- Dogecoin Price Prediction – Chart Set-Up Highlights Perfect Buying Opportunity With Outflows Backing $0.45
- Bitcoin Price Set to Rebound Ahead of US Government Shutdown, NFP Data
- XRP Price Prediction: How XRP Could React After October 2025 SEC ETF Decisions
- Aster Price Prediction as US President Adds $110M Worth of Tokens to His Portfolio
- Pepe Coin Price Bounce Likely as Support Zone Aligns With Rising Social Activity
- Solana Price Set for Recovery Amid Wyckoff Accumulation and Canary Capital ETF Filing
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.
