Bitcoin
BTC$26 346.66

0.59%

Ethereum
ETH$1 592.40

0.82%

Tether
USDT$0.999933

-0.01%

Binance Coin
BNB$211.30

1.21%

XRP
XRP$0.505442

0.68%

USD Coin
USDC$1.000084

0%

Bitcoin fails to beat resistance as $40K stays out of reach into weekly close


28 Feb 2022

#Bitcoin

A dark week looms for macro markets while the weekend succeeds in providing some respite for crypto traders. Bitcoin (BTC) faced down $40,000 on Feb. 27 as hopes for the weekly close hinged on avoiding a fourth red monthly candle in a row. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD making several attempts to break out of the $30,000-$40,000 corridor Sunday, all of which ended in rejection.

The pair had stayed broadly higher throughout the weekend, cutting traders some slack after a week of volatility at the hands of geopolitics and media headlines. Now, $38,500 was the level to watch for Bitcoin to close out the week and the month — failure to do so would mean a fourth straight monthly red candle. As Cointelegraph reported, bulls were spared a lower low last week, bottoming out at $34,300 versus $32,800 in January.

"Cautiously optimistic this is a short to mid-term bottom for BTC," popular trader and analyst Pentoshi continued. "I pulled my 40.3k orders (not great) and will focus higher to 41.6k for de-risking. Must flip that and there's some pretty decent upside. I am still cautious bc the macro landscape imo is anything but bullish."

Weekend stays "boring" for crypto

For crypto markets overall, however, there were few opportunities as sentiment remained very much in "wait and see" mode. Out of the top ten cryptocurrencies by market cap, none managed noticeable moves up or down over the past 24 hours.

ETH/USD traded at near $2,800, with weekly gains nonetheless approaching 6%. "Pretty boring market movements during the weekend and that’s not weird," Cointelegraph contributor Michaël van de Poppe summarized.


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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 94.8% 4 $26 346.66 0.59% -1.73% $513 656 016 235 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 89.6% 6 $1 592.40 0.82% -2.85% $191 454 189 109 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94% 1 $0.999933 -0.01% -0.03% $83 202 317 322 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 92.4% 4 $211.30 1.21% -2.51% $32 508 023 543 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 91.2% 8 $0.505442 0.68% -1.15% $26 912 401 662 XRP 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 95.6% 1 $1.000084 0% 0% $25 663 582 993 USDC 7 days price change
7 Lido stETH (STETH) STETH Lido stETH predictions 94% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
8 Cardano (ADA) ADA Cardano predictions 92% 7 $0.246841 0.96% -2.84% $8 669 738 490 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 90.8% 6 $0.061034 0.09% -1.80% $8 615 547 524 DOGE 7 days price change
10 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 86.4% 17 $0.083387 -0.38% 0.80% $8 478 470 341 WTRX 7 days price change
11 Solana (SOL) SOL Solana predictions 84.8% 23 $19.49 0.08% -1.95% $8 043 301 053 SOL 7 days price change
12 TRON (TRX) TRX TRON predictions 83.2% 20 $0.084716 0.81% 0.44% $7 549 504 083 TRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 59.2% 80 $2.15 -2.31% -11.41% $7 388 965 662 TON 7 days price change
14 Dai (DAI) DAI Dai predictions 94% 1 $1.000435 0.05% 0.02% $5 350 213 017 DAI 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 82.8% 23 $4.07 1.62% -0.92% $5 000 067 072 DOT 7 days price change

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