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 | 66.4% | 75 | $17 101.84 | 1.27% | 3.22% | $328 724 568 377 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 64.4% | 73 | $1 282.48 | 1.20% | 7.27% | $156 941 554 038 |  |
|
| 3 |  USDT |
Tether predictions | 95.2% | 1 | $0.999994 | 0.01% | 0.06% | $65 362 262 254 |  |
|
| 4 |  BNB |
Binance Coin predictions | 67.6% | 64 | $300.71 | 0.02% | 1.05% | $48 104 579 847 |  |
|
| 5 |  USDC |
USD Coin predictions | 91.2% | 1 | $1.000052 | 0% | -0.02% | $43 253 658 738 |  |
|
| 6 |  BUSD |
Binance USD predictions | 90.8% | 1 | $0.999988 | 0.02% | -0.05% | $22 215 099 814 |  |
|
| 7 |  XRP |
XRP predictions | 71.2% | 57 | $0.400600 | -0.02% | 5.84% | $20 146 176 780 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 57.6% | 87 | $0.103941 | -1.14% | 28.28% | $13 789 995 776 |  |
|
| 9 |  ADA |
Cardano predictions | 64.8% | 74 | $0.317564 | 0.81% | 1.23% | $10 939 028 805 |  |
|
| 10 |  STETH |
Lido stETH predictions | 90.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  MATIC |
Polygon predictions | 68.4% | 71 | $0.922059 | 5.79% | 8.50% | $8 053 552 200 |  |
|
| 12 |  DOT |
Polkadot predictions | 67.2% | 66 | $5.39 | -0.32% | -0.04% | $6 174 239 885 |  |
|
| 13 |  DAI |
Dai predictions | 93.6% | 1 | $0.999969 | -0.03% | -0.02% | $5 653 257 262 |  |
|
| 14 |  WTRX |
Wrapped TRON predictions | 66.4% | 63 | $0.054684 | 1.55% | 5.62% | $5 560 018 768 |  |
|
| 15 |  LTC |
Litecoin predictions | 64.4% | 78 | $77.31 | -1.46% | -0.52% | $5 545 390 448 |  |
