Bitcoin
BTC$26 275.38

0.21%

Ethereum
ETH$1 587.57

0.57%

Tether
USDT$0.999885

-0.02%

Binance Coin
BNB$210.08

0.83%

XRP
XRP$0.502599

0.41%

USD Coin
USDC$1.000132

0%

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 94.4% 4 $26 275.38 0.21% -1.57% $512 264 229 303 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 93.6% 6 $1 587.57 0.57% -2.66% $190 876 036 699 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.6% 1 $0.999885 -0.02% -0.07% $83 198 315 990 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 93.6% 4 $210.08 0.83% -2.71% $32 320 352 678 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 89.2% 8 $0.502599 0.41% -0.08% $26 761 004 233 XRP 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 91.6% 1 $1.000132 0% -0.03% $25 663 543 950 USDC 7 days price change
7 Lido stETH (STETH) STETH Lido stETH predictions 95.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
8 Cardano (ADA) ADA Cardano predictions 90.4% 7 $0.246432 1.19% -2.10% $8 655 293 025 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 89.6% 6 $0.060907 0.18% -1.83% $8 597 490 194 DOGE 7 days price change
10 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 86.4% 17 $0.083230 -0.20% 0.26% $8 462 475 836 WTRX 7 days price change
11 Solana (SOL) SOL Solana predictions 85.2% 23 $19.34 -0.10% -1.80% $7 981 923 575 SOL 7 days price change
12 TRON (TRX) TRX TRON predictions 88% 20 $0.084366 0.89% 0.58% $7 518 294 306 TRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 60% 80 $2.15 -1.96% -10.71% $7 370 150 744 TON 7 days price change
14 Dai (DAI) DAI Dai predictions 93.2% 1 $0.999781 -0.07% 0.01% $5 346 718 270 DAI 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 82.4% 23 $4.07 1.80% -0.55% $5 255 365 325 DOT 7 days price change

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