Bitcoin
BTC$103 090.04

7.54%

Ethereum
ETH$3 836.90

4.67%

Tether
USDT$1.000611

-0.01%

XRP
XRP$2.25

-11.83%

Solana
SOL$233.16

-1.99%

Binance Coin
BNB$714.72

-5.07%

Bitcoin retreats below $25000


16 Mar 2023

#Bitcoin

The price of Bitcoin jumped to $26392 yesterday. Yesterday’s high price of Ethereum was at the $1783 level. The price of Bitcoin jumped to $26392 yesterday. It did not stay at that level and was followed by a pullback to the $24,000 level. After that, we see a recovery that brings the bitcoin price back to $25,000. Now we are trying to hold around that level in order to consolidate and start a new bullish recovery.

For a bearish option, I need a continuation of the current negative consolidation and a drop to the previous support at $24000. a price break below would mean we could see a further pullback to some lower support. Potential lower targets are $23500 and $23000 levels.

Ethereum analysis

Yesterday’s high price of Ethereum was at the $1783 level. After that, we see a pullback below the $1700 level. The price tried to get back above $1700 again, but that recovery didn’t last long. The price again fell below the $1700 support level, and today’s low price is $1660. Recovery followed once again, but only up to the $1690 level.

For the bearish option, we need a break below the $1650 level for further continuation to the bearish side. Potential lower targets are $1625 and $1600 levels. We need to get back above the $1700 level for a bullish option and try to hold there before the next bullish impulse.


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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 67.6% 59 $103 090.04 7.54% 7.84% $2 040 210 476 450 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 72% 57 $3 836.90 4.67% 6.55% $462 123 587 518 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $1.000611 -0.01% -0.02% $135 773 947 858 USDT 7 days price change
4 XRP (XRP) XRP XRP predictions 60% 90 $2.25 -11.83% 53.63% $128 425 622 061 XRP 7 days price change
5 Solana (SOL) SOL Solana predictions 70.8% 62 $233.16 -1.99% -2.99% $110 833 879 897 SOL 7 days price change
6 Binance Coin (BNB) BNB Binance Coin predictions 84.8% 25 $714.72 -5.07% 9.56% $102 925 874 853 BNB 7 days price change
7 Dogecoin (DOGE) DOGE Dogecoin predictions 64% 77 $0.438799 5.41% 6.97% $64 533 538 083 DOGE 7 days price change
8 Cardano (ADA) ADA Cardano predictions 58% 87 $1.18 -2.83% 17.06% $41 330 413 929 ADA 7 days price change
9 USD Coin (USDC) USDC USD Coin predictions 95.2% 1 $0.999875 -0.01% 0.01% $40 710 275 845 USDC 7 days price change
10 TRON (TRX) TRX TRON predictions 74% 48 $0.315468 -19.00% 57.65% $27 219 987 446 TRX 7 days price change
11 Avalanche (AVAX) AVAX Avalanche predictions 62.4% 86 $50.93 -2.17% 17.89% $20 846 497 893 AVAX 7 days price change
12 SHIBA INU (SHIB) SHIB SHIBA INU predictions 72.4% 51 $0.000031 4.01% 20.77% $18 338 952 316 SHIB 7 days price change
13 Toncoin (TON) TON Toncoin predictions 64.4% 78 $6.75 -1.91% 6.74% $17 203 006 453 TON 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 57.2% 91 $10.25 2.52% 24.55% $15 631 722 248 DOT 7 days price change
15 Chainlink (LINK) LINK Chainlink predictions 57.6% 88 $23.58 -1.83% 30.47% $14 783 602 206 LINK 7 days price change

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