Bitcoin
BTC$58 559.96

2.38%

Ethereum
ETH$3 156.41

2.82%

Tether
USDT$1.000241

-0.03%

Binance Coin
BNB$537.43

2.76%

Solana
SOL$140.11

3.37%

USD Coin
USDC$1.000019

-0.03%

A new drop in Bitcoin price


13 Dec 2022

#Bitcoin

Over the weekend, the price of Bitcoin failed to make a concrete move and move above the $17300 level. Over the weekend, Ethereum encountered resistance at the $1275 level. Over the weekend, the price of Bitcoin failed to make a concrete move and move above the $17300 level. This morning we saw a sharp drop in the price of Bitcoin once again, and we are back below the $17000 level again. Bitcoin is managing to stay close to the $17000 level for now, but the pressure has increased, and another drop to the next lower support could happen.

For something like that, we need inactive consolidation and lower prices until the previous support is at the $16750 level. If we don’t manage to stay there either, continuing the bearish trend is a logical sequence of events. A potential lower target is the $16500 level. For a bullish option, we need a positive consolidation and a return above the $17000 level. Then we need to hold up there and start a new bullish impulse. Potential higher targets are $17250 and $17500 levels.

Ethereum analysis

Over the weekend, Ethereum encountered resistance at the $1275 level. The price failed to break through to $1300, and a new pullback to the $1250 level followed. Ethereum is now trying to find support at this level to try to trigger a new bullish impulse. If we see that, the price could rise again to the $1275 level. The future trend will also depend on the consolidation at that level.

Potential higher targets are the $1300 and $1325 levels. For a bearish option, we need a negative consolidation and further price pullback to the $1225 level. A break below would mean that we have the formation of a new lower low and the continuation of the bearish option. Potential lower targets are $1200 and $1175 levels.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 73.2% 50 $58 559.96 2.38% 3.21% $1 154 812 960 642 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 77.2% 47 $3 156.41 2.82% 4.94% $379 442 663 912 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $1.000241 -0.03% 0.02% $112 444 486 409 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 76.4% 47 $537.43 2.76% 4.65% $79 314 835 366 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 80% 29 $140.11 3.37% 0.90% $65 005 204 945 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 95.6% 1 $1.000019 -0.03% 0% $33 921 359 438 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 80.4% 29 $0.511133 8.39% 17.32% $28 523 946 602 XRP 7 days price change
8 Toncoin (TON) TON Toncoin predictions 82.4% 25 $7.35 1.77% -2.59% $18 430 033 618 TON 7 days price change
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10 Cardano (ADA) ADA Cardano predictions 82.4% 33 $0.420572 5.61% 17.72% $15 090 547 161 ADA 7 days price change
11 TRON (TRX) TRX TRON predictions 77.6% 41 $0.139302 1.97% 7.58% $12 137 253 382 TRX 7 days price change
12 Lido stETH (STETH) STETH Lido stETH predictions 94% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 72.8% 55 $25.81 3.07% 0.18% $10 180 113 573 AVAX 7 days price change
14 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 96% 1 $0.116354 -0.46% 0.23% $10 171 995 609 WTRX 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 94.4% 1 $65 806.83 0.78% -2.68% $10 083 957 608 WBTC 7 days price change

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