Bitcoin
BTC$28 487.09

0.01%

Ethereum
ETH$1 820.99

-0.18%

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USDT$1.000239

0.01%

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-5.60%

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

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