Bitcoin
BTC$61 099.21

-0.30%

Ethereum
ETH$4 083.71

2.56%

Binance Coin
BNB$480.67

-0.49%

Cardano
ADA$2.15

0.02%

Tether
USDT$1.000558

0.07%

Solana
SOL$198.35

-4.94%

Bitcoin: what to expect next?


Major cryptocurrencies continue to decline in price on Tuesday. According to financial experts, this dynamic is quite obvious, as the strong downtrend continues to operate in the market. Bitcoin fell 1.8% on Monday, falling below $ 4,000 and testing the level of $ 3,934. For ten days, Bitcoin has been trading in a stable range from $ 3,900 to $ 4,100, and according to financial experts, the first cryptocurrency now has two ways: $ 5,500 or $ 3,000.

The Bitcoin rate, according to Libertex, fell by 1.7% in a day by 1.7% to $ 3,899 with a capitalization of $ 69.6 billion. Soon bitcoin can roll back even lower, in the range of $ 3,600-3,800. The price can penetrate the lower limit of the corridor $ 3,90-4055 and drop to $ 3,775 and $ 3,658. Ethereum by this time fell by 1.66% - up to 132.8 dollars, its capitalization reached the level of 14.2 billion dollars. XRP for the day lost in the price of 2.68% and dropped to $ 0.299 with a capitalization of $ 12.6 billion. Litecoin fell by 1.88% to $ 58, its capitalization was $ 3.6 billion.

Trading volumes are unlikely to convince me that the bear market is over. Only bull market structure and a breakthrough level of $ 4,600. It is interesting that there were many altcoin pamps, while the total market capitalization has not changed much. This suggests that the market receives very little new money.

The total capitalization of the crypto market has reached $ 137.3 billion. At the same time, investors ignored the positive news that the largest Internet service in Japan in May plans to enter the cryptocurrency market and start trading Bitcoin and Ethereum. Cryptorinka has not yet been able to return to sustainable growth. If, after overcoming important levels, such as $ 4,000, there is no strong uptrend period, all this reinforces the skepticism of the market and some speculators begin to withdraw from purchases

Probably in the short term, the main cryptocurrencies will continue to lose in price. Bitcoin may drop to $ 3,800, Ethereum - to $ 130-131, XRP - to $ 0.28, and Litecoin - to $ 57.


Related

SEC extended consideration of two Bitcoin ETF
SEC extended consideration of two Bitcoin ETF
Predictions on Bitcoin, Ethereum And Ripple
Predictions on Bitcoin, Ethereum And Ripple

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 63.6% 76 $61 099.21 -0.30% 0.74% $1 151 847 643 802 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 73.6% 57 $4 083.71 2.56% 4.82% $482 065 073 371 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 70% 60 $480.67 -0.49% 2.62% $80 176 884 535 BNB 7 days price change
4 Cardano (ADA) ADA Cardano predictions 87.6% 12 $2.15 0.02% -2.34% $70 880 156 335 ADA 7 days price change
5 Tether (USDT) USDT Tether predictions 90.8% 1 $1.000558 0.07% 0.05% $69 612 945 849 USDT 7 days price change
6 Solana (SOL) SOL Solana predictions 69.2% 55 $198.35 -4.94% 24.11% $59 667 119 730 SOL 7 days price change
7 XRP (XRP) XRP XRP predictions 71.6% 52 $1.088126 -1.24% -5.66% $51 083 527 283 XRP 7 days price change
8 Polkadot (DOT) DOT Polkadot predictions 60.4% 79 $43.69 -1.31% 2.76% $43 145 201 356 DOT 7 days price change
9 USD Coin (USDC) USDC USD Coin predictions 95.2% 1 $1.000801 0.06% 0.09% $32 549 535 289 USDC 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 72.8% 56 $0.246378 2.64% 3.03% $32 476 171 822 DOGE 7 days price change
11 Terra (LUNA) LUNA Terra predictions 69.2% 65 $42.80 -0.97% 15.22% $17 186 220 177 LUNA 7 days price change
12 UniSwap (UNI) UNI UniSwap predictions 74.8% 49 $26.39 2.35% -4.01% $16 144 167 003 UNI 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 67.6% 65 $65.39 -2.19% 9.22% $14 404 285 656 AVAX 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 74% 49 $30.80 7.06% 9.07% $14 200 072 797 LINK 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 66.8% 75 $61 145.48 -0.24% 0.77% $13 561 619 013 WBTC 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2021 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.