Bitcoin
BTC$47 925.68

0.68%

Ethereum
ETH$3 423.11

0.38%

Cardano
ADA$2.37

0.38%

Binance Coin
BNB$410.57

0.26%

Tether
USDT$1.000627

0.04%

XRP
XRP$1.078025

0.61%

Bitcoin continues to flat around $4000


#Bitcoin

Cryptocurrency assets continued to trade with a slight change at the end of the previous week. The Bitcoin/US Dollar pair failed to break through the $4150 level. The single hope for cryptocurrency investors can be only the fact that for almost the whole week the main crypto pair hasn't gone below $ 4000, which let us to continue to talk about an uptrend in the virtual currencies market, though weakly. Bitcoin fell to around $ 4020, Ethereum was trading around level 137, and XRP dropped to $ 0.3085.

Bitcoin continues flat around the $ 4000 level. During the previous week, the average price of Bitcoin, according to CoinMarketCap, was moving in the range of $4000- $4095. The market capitalization for the week almost did not change (-0.3%) and is still held at around $ 140 billion.

Somewhat alarming is the fact that Bitcoin did not receive a growth impulse after overcoming this round mark. As a rule, if after such a bold act there does not come a period of strong uptrend, all this reinforces the skepticism of the market. Part of the bull speculators first out of purchases, if the asset does not receive growth momentum.

During the previous week, the Bitcoin rate was in a narrow range of 4000-4100 dollars. According to CoinMarketCap, on Friday the trading volumes of Bitcoin and steyblokina USDT updated local maximums and reached 11 billion and 10 billion, respectively. The capitalization of the market is kept at 140 billion dollars.

Center for Information Technology of China has published 11 rating cryptocurrency. The TOP3 positions - EOS, Tron and Ethereum - have not changed. Bitcoin dropped two positions from last month and ranked 15th. All the presented digital currency projects have been evaluated on the basis of several categories including basic technology,  and applicability.

In our forecast for Monday, we expect Bitcoin to decline to 4000, 3950 and 3900 dollars, Ethereum to 135, 132, 130 marks, and the XRP price to support 0.3075, 0.3050 and 0.3020 dollars.

The next week, the Bitcoin/US Dollar pair will probably not fall lower $ 3900, but will surely try to overcome the resistance of $4200 level. However, in the transition to the medium-term forecast, the balance of power changes, and here, as before, 70% of analysts side with the bears, voting to reduce the pair during the spring below $ 3000.

The media again sounded forecasts for Bitcoin for $ 250K, on the other hand, talking about falling to new historical minimums, or meaninglessness and zero value of the industry as a whole. However, somewhere in the middle: the demand for cryptoactive assets is indeed growing, but not strong enough to show at least half of the highs reached earlier, however, the growth in daily trading volumes clearly indicates a return of interest, and it is he who will not give the market a final “blown out”.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap Volume 24h
1 Bitcoin (BTC) BTC Bitcoin predictions 86.4% 18 $47 925.68 0.68% 6.58% $901 951 445 458 $27 919 462 130
2 Ethereum (ETH) ETH Ethereum predictions 76% 50 $3 423.11 0.38% 5.21% $402 491 721 391 $15 553 045 416
3 Cardano (ADA) ADA Cardano predictions 67.2% 67 $2.37 0.38% -7.94% $75 823 653 054 $2 080 207 302
4 Binance Coin (BNB) BNB Binance Coin predictions 68.8% 70 $410.57 0.26% 2.36% $69 032 640 296 $1 283 622 699
5 Tether (USDT) USDT Tether predictions 96% 1 $1.000627 0.04% 0.04% $68 335 359 250 $59 329 429 542
6 XRP (XRP) XRP XRP predictions 72.4% 59 $1.078025 0.61% 0.96% $50 259 931 930 $2 252 778 370
7 Solana (SOL) SOL Solana predictions 57.6% 90 $167.50 13.39% -4.91% $49 743 317 996 $5 600 026 562
8 Polkadot (DOT) DOT Polkadot predictions 59.2% 81 $34.32 2.31% 8.72% $33 890 426 406 $1 838 398 069
9 Dogecoin (DOGE) DOGE Dogecoin predictions 62.8% 75 $0.241065 -0.37% 0.25% $31 660 952 487 $981 852 553
10 USD Coin (USDC) USDC USD Coin predictions 93.2% 1 $1.000557 0.03% 0.03% $29 403 262 185 $2 112 261 871
11 Avalanche (AVAX) AVAX Avalanche predictions 64.8% 69 $69.31 -5.01% 25.67% $15 268 911 437 $1 827 693 735
12 UniSwap (UNI) UNI UniSwap predictions 71.6% 63 $24.33 -0.87% 8.50% $14 880 383 376 $283 300 955
13 Terra (LUNA) LUNA Terra predictions 68% 64 $35.04 0.38% -9.65% $14 075 024 420 $740 942 492
14 Chainlink (LINK) LINK Chainlink predictions 74.4% 52 $28.27 1.53% 5.94% $12 820 613 105 $1 032 467 819
15 Binance USD (BUSD) BUSD Binance USD predictions 94.4% 1 $1.000531 0.04% 0.04% $12 820 356 340 $4 823 361 344

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