Bitcoin seems to be regaining defensive status
Bitcoin has remained in position for the past few days, trading at $19,500 on Friday morning. As in previous days, the attempt to sell the cryptocurrency following the stock market was met with buying. This neat bottom-drawing by Bitcoin could show a wait-and-see stance and consolidation before the next move. However, crypto optimists are now siding with the positive momentum in gold and sector stocks. Investors have probably recalled them as a store of value amid the volatility in the currency market.
Among the closest key levels, the $20.8K where the 50-day moving average is located is worth mentioning. It has been playing an active role as resistance for more than a month. Local support is near $18.8K. A move outside this range could signal the end of the current consolidation.
News background
Billionaire Stanley Druckenmiller expects the US economy to deteriorate significantly by the end of next year. That's when cryptocurrencies could make a resurgence. Alexander Hoptner, CEO of cryptocurrency exchange BitMEX, said he does not see any decline in institutional investor interest in the crypto industry, despite the bearish trend.
Lastly, BlackRock has launched on Euronext, an exchange-traded fund (ETF) focusing on blockchain and cryptocurrency companies.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 82.4% | 26 | $66 356.00 | -1.25% | 4.04% | $1 306 503 374 148 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 76% | 48 | $3 215.76 | -0.27% | 3.98% | $392 465 026 948 |  |
|
| 3 |  USDT |
Tether predictions | 92.4% | 1 | $1.000196 | 0% | -0.02% | $110 425 663 026 |  |
|
| 4 |  BNB |
Binance Coin predictions | 83.2% | 22 | $608.14 | 0.45% | 12.54% | $90 937 396 835 |  |
|
| 5 |  SOL |
Solana predictions | 69.2% | 66 | $155.37 | -1.62% | 13.09% | $69 459 114 503 |  |
|
| 6 |  USDC |
USD Coin predictions | 90.4% | 2 | $1.000083 | 0.02% | 0% | $33 639 441 862 |  |
|
| 7 |  XRP |
XRP predictions | 69.6% | 60 | $0.546868 | -2.31% | 10.06% | $30 148 368 134 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 74% | 52 | $0.159727 | -1.71% | 2.04% | $23 002 107 011 |  |
|
| 9 |  TON |
Toncoin predictions | 69.2% | 60 | $5.69 | -3.74% | -10.80% | $19 752 892 713 |  |
|
| 10 |  ADA |
Cardano predictions | 71.6% | 59 | $0.500656 | -3.78% | 9.06% | $17 839 299 940 |  |
|
| 11 |  SHIB |
SHIBA INU predictions | 60.4% | 82 | $0.000027 | -1.70% | 16.92% | $15 688 384 434 |  |
|
| 12 |  AVAX |
Avalanche predictions | 71.2% | 59 | $38.22 | -3.36% | 9.54% | $14 449 218 123 |  |
|
| 13 |  DOT |
Polkadot predictions | 69.2% | 57 | $7.24 | -4.03% | 7.80% | $10 406 580 089 |  |
|
| 14 |  WBTC |
Wrapped Bitcoin predictions | 84.8% | 24 | $66 364.30 | -0.79% | 4.07% | $10 311 932 682 |  |
|
| 15 |  STETH |
Lido stETH predictions | 92.4% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
