Bitcoin
BTC$63 327.23

-4.23%

Ethereum
ETH$3 118.56

-4.08%

Tether
USDT$0.999372

-0.06%

Binance Coin
BNB$607.22

0.20%

Solana
SOL$144.59

-7.81%

USD Coin
USDC$0.999774

-0.02%

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 82.8% 27 $63 327.23 -4.23% 1.05% $1 246 918 096 490 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 74.8% 51 $3 118.56 -4.08% 2.50% $380 614 861 384 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.6% 1 $0.999372 -0.06% -0.10% $110 394 157 778 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 88% 20 $607.22 0.20% 11.29% $89 618 440 545 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 66% 71 $144.59 -7.81% 7.69% $64 636 538 418 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 92% 2 $0.999774 -0.02% -0.03% $33 415 795 846 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 68% 62 $0.518276 -3.55% 4.75% $28 572 104 114 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 69.2% 60 $0.149423 -6.08% 1.42% $21 521 514 570 DOGE 7 days price change
9 Toncoin (TON) TON Toncoin predictions 66.4% 66 $5.24 -7.33% -15.13% $18 191 805 534 TON 7 days price change
10 Cardano (ADA) ADA Cardano predictions 65.6% 72 $0.467019 -4.56% 4.32% $16 641 713 392 ADA 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 60% 82 $0.000025 -5.70% 11.45% $14 682 521 224 SHIB 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 67.2% 68 $35.14 -8.10% 2.44% $13 284 202 115 AVAX 7 days price change
13 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
14 TRON (TRX) TRX TRON predictions 83.6% 21 $0.115846 1.85% 7.29% $10 144 811 440 TRX 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 84% 19 $0.115452 1.34% 6.93% $10 110 361 347 WTRX 7 days price change

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