Bitcoin
BTC$19 236.88

-5.33%

Ethereum
ETH$1 059.24

-3.42%

Tether
USDT$0.998865

0%

USD Coin
USDC$1.000234

0.01%

Binance Coin
BNB$216.73

-2.86%

Binance USD
BUSD$1.000172

0.02%

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 56% 93 $19 236.88 -5.33% -9.25% $367 090 492 088 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 54.4% 92 $1 059.24 -3.42% -13.06% $128 563 665 077 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $0.998865 0% -0.05% $66 157 064 752 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 94.4% 1 $1.000234 0.01% 0.03% $55 815 657 567 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 58% 83 $216.73 -2.86% -9.97% $35 387 165 689 BNB 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 95.6% 1 $1.000172 0.02% -0.17% $17 550 239 765 BUSD 7 days price change
7 Cardano (ADA) ADA Cardano predictions 64.4% 77 $0.449900 -3.96% -9.87% $15 185 277 669 ADA 7 days price change
8 XRP (XRP) XRP XRP predictions 65.6% 69 $0.312767 -5.50% -14.94% $15 120 122 249 XRP 7 days price change
9 Solana (SOL) SOL Solana predictions 63.2% 76 $33.02 -4.65% -21.18% $11 334 306 442 SOL 7 days price change
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11 Dai (DAI) DAI Dai predictions 96% 1 $1.000044 -0.04% -0.01% $6 861 151 864 DAI 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 67.6% 67 $6.73 -5.75% -17.74% $6 645 769 652 DOT 7 days price change
13 TRON (TRX) TRX TRON predictions 56.8% 88 $0.064983 -1.34% -1.30% $6 010 279 687 TRX 7 days price change
14 SHIBA INU (SHIB) SHIB SHIBA INU predictions 66.4% 66 $0.000010 -4.45% -8.36% $5 490 728 757 SHIB 7 days price change
15 UNUS SED LEO (LEO) LEO UNUS SED LEO predictions 67.6% 60 $5.75 -0.48% -1.42% $5 488 104 289 LEO 7 days price change

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