Bitcoin and Ethereum hit resistance with $42.5K flip needed for BTC longs
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.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 59.2% | 82 | $28 487.09 | 0.01% | 3.89% | $550 783 645 841 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 70% | 61 | $1 820.99 | -0.18% | 5.05% | $219 352 245 827 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $1.000239 | 0.01% | -0.05% | $79 712 905 402 |  |
|
| 4 |  BNB |
Binance Coin predictions | 72% | 56 | $314.97 | -0.48% | -2.32% | $49 729 339 998 |  |
|
| 5 |  USDC |
USD Coin predictions | 93.6% | 2 | $0.999867 | -0.01% | 0.02% | $32 523 102 126 |  |
|
| 6 |  XRP |
XRP predictions | 61.2% | 85 | $0.510598 | -5.60% | 12.92% | $26 386 760 233 |  |
|
| 7 |  HEX |
HEX predictions | 63.6% | 71 | $0.080735 | -10.29% | -1.04% | $14 000 412 504 |  |
|
| 8 |  ADA |
Cardano predictions | 75.2% | 41 | $0.394316 | -2.49% | 11.93% | $13 699 582 029 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 82% | 24 | $0.081597 | 6.61% | 10.72% | $11 322 736 681 |  |
|
| 10 |  STETH |
Lido stETH predictions | 94.4% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  MATIC |
Polygon predictions | 84% | 30 | $1.11 | -0.96% | 3.56% | $10 066 655 550 |  |
|
| 12 |  SOL |
Solana predictions | 81.2% | 37 | $21.07 | 0.33% | 3.84% | $8 124 049 462 |  |
|
| 13 |  BUSD |
Binance USD predictions | 90.8% | 1 | $0.999622 | -0.02% | 0% | $7 554 331 620 |  |
|
| 14 |  DOT |
Polkadot predictions | 82.8% | 27 | $6.31 | -0.28% | 7.11% | $7 392 861 993 |  |
|
| 15 |  WTRX |
Wrapped TRON predictions | 87.6% | 22 | $0.066664 | 0.88% | 5.86% | $6 778 146 401 |  |
