Bitcoin's current market structure is similar to its setup before reaching its all-time high in November 2021, suggesting a potential bullish trajectory for the leading cryptocurrency, according to crypto expert Credible Crypto, who believes a breakout from the accumulation range could lead to a 120% rally and new all-time highs this year. However, a drop below $24.8k would invalidate this prediction.
Crypto analyst Ali Martinez predicts that Ethereum may face a significant price correction, dropping to $1,000 due to weak network fundamentals and a bearish trend.
Ethereum's support range of $1,600 - $1,550 is crucial to prevent a potential correction of 37% to 45%, with co-founder Vitalik Buterin moving 600 ETH to Coinbase possibly signaling an anticipated dip to $1,000.
Ethereum may have reached a bottom in the bear market and is expected to break out from an ascending triangle pattern, according to crypto strategist Credible Crypto, who predicts a consolidation between $1,600 and $2,000 for the rest of the year before a surge in early 2024. However, they also hold a bearish view for ETH/BTC in the short term.
Crypto analyst Benjamin Cowen believes that Ethereum (ETH) needs to drop further before it can reach new all-time highs, as it must first align with its fair-value logarithmic regression trendline, creating an attractive accumulation range between $400 and $600.
The upcoming settlement of BTC and ETH options contracts could potentially push the prices of the cryptocurrencies closer to the max pain levels of $28,000 and $1,800, respectively, as sellers of call and put options try to make their counterparts suffer the most, according to Deribit, the world's leading crypto options exchange.
Bitcoin's price dropped below $26,000, losing most of its gains from the previous day, as both cryptocurrencies and traditional markets experience a significant downtrend.
Ripple's price has experienced a significant decline and is currently bounded within a narrow range, with a breakout potentially indicating either a continuation of the downtrend or a reversal towards the resistance level at $0.85.
Dogecoin price is currently bearish, but there is potential for a recovery with a target price of $0.08, as indicated by a double bottom pattern and positive technical indicators.
Bitcoin (BTC) struggles to maintain its price above $26,000 as it heads towards its worst month of 2023, with uncertainty surrounding the upcoming monthly close and the potential for further downside surprises in September.
Bitcoin's 200-week EMA at around $25,700 is a crucial support level to watch, and if it holds, it could signal a potential entry point for a reversal, according to BTC price analysis.
Bitcoin (BTC) may present a favorable opportunity to buy at a support zone with a "100% long hit rate" at $23,000-$24,000, according to analysis by Capriole Investments, which cites historical price floors and the average miner's electricity cost as supporting factors.
Bitcoin price hovers around $28,000 as traders await the release of US Core PCE Price Index data, with expectations of a rise in inflation influencing future rate hikes.
Bitcoin pulled back from its all-time high above $28,000 as investors analyzed the implications of Grayscale's court victory against the SEC, with the cryptocurrency dropping 2% to $27,240, while Ether decreased 1.7% to just above $1,700, leading to a decline in the broader crypto market.
Bitcoin's value dropped 4.91% to $25,957, losing $1,341, while the price of Ether, a coin linked to the ethereum blockchain network, also declined.
Bitcoin price action remains uncertain as traders and analysts are divided on its next moves, with downside predictions ranging from $25,000 to $23,000 and concerns of a potential double top structure if the $26,000 level is not reclaimed, while network fundamentals consolidate recent gains and macro markets stay quiet.
Bitcoin remains in a tight range between $25,800 and $26,000 after a recent price spike, as the SEC's delay in key ETF decisions dampens hopes of a long-term recovery in the market.
Ether's price has been supported by the Federal Reserve's injection of $300 billion, but doubts are growing about its ability to sustain this level due to bearish sentiment in the cryptocurrency market and declining metrics on the Ethereum network, including a decrease in the number of ETH investors and a decline in activity on decentralized applications. Competitors such as Solana are also benefiting from stablecoin volumes, and there is an increased likelihood of Ether's price dropping below the $1,600 support level.
The price of bitcoin briefly rose above $25,900 after the FASB approved favorable accounting treatment for companies holding crypto on their balance sheets and ARK Invest submitted paperwork for a spot ether ETF, but quickly returned to its previous level.
Fidelity Digital Assets reports that Ethereum is currently trading at a discount, with its projected value to be around $2,090, approximately 28% above the current price, based on network activity and annualized network fees.
Bitcoin is on the brink of a bearish breakdown, but there is a possibility that the $25,000 support level could hold, presenting a short-term buying opportunity for investors. The price action of the US dollar and on-chain data suggest that buyers could return soon, making the current situation potentially profitable for opening Bitcoin longs.
Bitcoin's price rebounded to around $26,000 as short traders abandoned their bearish bets, but a lack of bullish catalysts may limit the recovery, with a potential altcoin crash looming as bankrupt exchange FTX plans to sell around $3.4 billion worth of tokens.
Cryptocurrency prices experienced a sharp drop and rebound, leading to $256 million in liquidation losses over the past two days, as traders faced a wave of leveraged position closures due to market fears and sudden price swings.
Bitcoin trades at $25,933, up 0.66% as U.S. CPI data is anticipated to show a small increase in August, driven by rising oil prices, while digital assets remain stable due to short covering and liquidity crunch, although a sustained bullish momentum is yet to be seen; meanwhile, the price of CRV token falls by 3.3% following negative events and selling pressure.
Analyst Bluntz predicts that Ethereum (ETH) will continue its bearish price action and potentially drop to $1,440 before rallying, while other trader Benjamin Cowen believes the digital asset could experience a massive freefall, potentially reaching lows below $800.
Crypto analyst Nicholas Merten believes Ethereum is likely to experience a significant price drop, with the possibility of it reaching as low as $300 to $500.
Ether's price has recovered 6% after hitting a critical support level, but questions remain about whether it can reach $1,850 due to challenges such as regulatory uncertainty, high network fees, and declining smart contract activity. Additionally, derivatives metrics indicate reduced interest from leveraged long positions, suggesting a bearish sentiment in the market.
Bitcoin is expected to experience an upward surge following a bounce off a large ascending channel and the decline of its risk signal, according to Glassnode founders, potentially leading to a breakout past $27,000 and a rally to higher prices near $150,000.
The Bitcoin price may drop to as low as $21,750 in the coming months, according to technical and fractal setups.
Bitcoin prices reached above $27,000 for the first time this month, with multiple cryptocurrencies experiencing broad gains, although the reason for the increase is unclear, and low liquidity may be contributing to volatility.
Bitcoin's price has surged 5% in the past week, potentially due to speculation that Mt. Gox's repayments will be delayed until 2024, although QCP Capital still expects the price to fall to $22,000 in October; this comes ahead of Benzinga's Future of Digital Assets conference on November 14.
Bitcoin's recovery is being met with selling above $27,000 due to nervousness surrounding the Federal Reserve's meeting, while long-term investors are accumulating, and institutional activity remains cautious.
