Bitcoin
BTC$37 887.42

2.19%

Ethereum
ETH$2 050.06

1.43%

Tether
USDT$1.000301

0.03%

Binance Coin
BNB$229.58

1.34%

XRP
XRP$0.611178

1.60%

USD Coin
USDC$0.999723

-0.03%

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 93.6% 7 $37 887.42 2.19% 4.10% $740 914 703 934 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 75.2% 40 $2 050.06 1.43% 5.57% $246 506 860 729 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.2% 1 $1.000301 0.03% 0% $88 925 672 826 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 83.2% 27 $229.58 1.34% 0.61% $34 826 645 047 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 77.6% 39 $0.611178 1.60% 5.44% $32 891 765 662 XRP 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 92% 1 $0.999723 -0.03% -0.01% $24 527 694 579 USDC 7 days price change
7 Solana (SOL) SOL Solana predictions 63.2% 84 $57.87 5.81% 12.26% $24 503 935 560 SOL 7 days price change
8 Cardano (ADA) ADA Cardano predictions 70.4% 57 $0.384113 2.50% 6.35% $13 558 501 012 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 76.8% 44 $0.080192 2.84% 12.17% $11 388 879 677 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 93.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 TRON (TRX) TRX TRON predictions 86.4% 26 $0.103213 1.12% 7.03% $9 139 931 162 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 83.6% 27 $0.102906 0.58% 6.65% $9 112 741 438 WTRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 84% 29 $2.45 0.16% 5.46% $8 405 695 668 TON 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 68% 66 $14.48 2.92% 6.94% $8 065 328 705 LINK 7 days price change
15 Avalanche (AVAX) AVAX Avalanche predictions 59.6% 84 $20.54 1.70% 7.11% $7 497 665 518 AVAX 7 days price change

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