Bitcoin
BTC$42 986.59

0.04%

Ethereum
ETH$3 324.59

0.55%

Binance Coin
BNB$489.67

0.02%

Tether
USDT$1.000479

0.01%

Cardano
ADA$1.49

12.17%

Solana
SOL$144.94

-1.08%

Bitcoin and Ethereum hit resistance with $42.5K flip needed for BTC longs


09 Aug 2021

#Bitcoin

Bitcoin (BTC) and Ether (ETH) are due for a “huge” move, but short-term signals suggest a correction, an analyst warned on Friday. Data from Cointelegraph Markets Pro and TradingView showed both BTC/USD and ETH/USD acting near critical range resistance as the week drew to a close. A late surge the day before punctuated an overall downtrend after swift upside throughout the previous week, but Friday reinforced the idea that longer-term resistance would remain in place. In his latest video update, Cointelegraph contributor Michaël van de Poppe highlighted an area above $42,500 as necessary to reclaim in order to seek long BTC positions.

“I refuse to become bullish on Bitcoin at this stage unless we are able to flip this level for support,” he said. “If we have a breakout like this in which we rally towards $45,000 and flip this zone, then, of course, I’m going to look for longs, but right now, in this structure, I’m not interested at all.” A similar story held true for ETH/USD, also at resistance, with little evidence that the buzz around the London hard fork would spark a definitive change in the longer-term paradigm. Others were slightly more optimistic, with fellow trader and analyst Rekt Capital arguing that Bitcoin was doing “everything right” in order to ditch its previous price range in place since May.


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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% 55 $42 986.59 0.04% 2.42% $813 808 197 518 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 66.8% 67 $3 324.59 0.55% 5.33% $396 260 918 145 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 70.8% 52 $489.67 0.02% 11.34% $81 677 749 733 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 96% 1 $1.000479 0.01% 0.04% $78 437 106 160 USDT 7 days price change
5 Cardano (ADA) ADA Cardano predictions 72.8% 52 $1.49 12.17% 27.29% $49 825 219 238 ADA 7 days price change
6 Solana (SOL) SOL Solana predictions 65.6% 76 $144.94 -1.08% 2.74% $45 512 628 460 SOL 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 96% 1 $1.000515 0.13% 0.05% $45 495 216 189 USDC 7 days price change
8 XRP (XRP) XRP XRP predictions 68.8% 58 $0.775800 0.01% 2.97% $36 977 057 118 XRP 7 days price change
9 Terra (LUNA) LUNA Terra predictions 72.8% 59 $86.40 1.25% 17.82% $30 978 610 903 LUNA 7 days price change
10 Polkadot (DOT) DOT Polkadot predictions 72.8% 53 $26.85 -3.21% 8.76% $26 516 978 069 DOT 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 78% 46 $0.173940 -3.38% 14.90% $23 076 697 406 DOGE 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 62.4% 76 $90.88 -1.31% 2.12% $22 208 035 214 AVAX 7 days price change
13 Polygon (MATIC) MATIC Polygon predictions 74% 54 $2.43 4.78% 15.12% $17 783 193 803 MATIC 7 days price change
14 SHIBA INU (SHIB) SHIB SHIBA INU predictions 71.2% 59 $0.000030 -0.89% 5.66% $16 471 177 724 SHIB 7 days price change
15 Binance USD (BUSD) BUSD Binance USD predictions 94.8% 1 $0.999092 -0.17% -0.14% $14 434 082 408 BUSD 7 days price change

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