Bitcoin
BTC$16 558.36

0.45%

Ethereum
ETH$1 217.17

0.70%

Tether
USDT$0.999575

0%

Binance Coin
BNB$311.33

-0.46%

USD Coin
USDC$1.000229

0.01%

Binance USD
BUSD$1.000555

0%

Bitcoin's fall under $48K will open the way to $41K or $30K


13 Dec 2021

#Bitcoin

The crypto market has lost 4.2% of its capitalisation in the past 24 hours and now stands at $2.27 trillion. From the peak levels reached a month ago, capitalisation has dropped by 23%, allowing us to speak of the start of a bear market for the sector, at least like the one we saw in April-July. The cryptocurrency fear and greed index dropped from 29 to 24, slipping into the extreme fear territory.

Alarmingly, the overall capitalisation this time was pulled down by altcoins. The first cryptocurrency lost around 3% over the day, returning to $48.3, where the 200-day moving average runs and touched the oversold area again.

A significant short-term indicator for the market promises to be the 200-day average for Bitcoin. An ability to bounce back above that line would indicate bullish sentiment prevails and promises new attempts to climb above $50K or $60K this month. A sharp fall would formally clear the way for a deeper correction to $41K or even $30K.

BTC/USD Daily Chart

BTC/USD Daily Chart

ETHUSD has been losing 6% over the last 24 hours and is dangerously close to the psychologically significant $4000 level. The latest momentum of the decline pushed the first altcoin away from the 50-day moving average, and a deeper correction may follow. Ether fell out of the bullish uptrend from the end of September and went into a prolonged consolidation. The declines yesterday and this morning brought the coin back to the lower end of the consolidation range, and a dip under $4000 would open a straight road down with a potential target at $3300 or further to $2700.

Bitcoin’s share of the crypto market has started to rise again, reaching 40.3%. We see this growth in a falling market as an additional sign of fear of the crypto market.


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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 58.8% 88 $16 558.36 0.45% -0.06% $318 224 628 305 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 58.4% 86 $1 217.17 0.70% 3.57% $148 949 221 820 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.2% 1 $0.999575 0% 0.06% $65 334 885 845 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 68% 66 $311.33 -0.46% 15.63% $49 804 216 236 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 93.6% 1 $1.000229 0.01% 0% $44 217 403 592 USDC 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 94.8% 1 $1.000555 0% 0% $22 413 981 060 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 63.2% 80 $0.401313 0.03% 7.06% $20 185 552 000 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 56.4% 92 $0.103231 13.91% 28.21% $13 695 751 843 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 58.8% 82 $0.318757 1.20% 0.22% $10 976 060 582 ADA 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 94.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 67.6% 65 $0.860762 1.38% 3.74% $7 518 166 942 MATIC 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 67.6% 71 $5.41 1.01% -0.54% $6 163 068 674 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 94% 1 $1.000128 0.03% -0.03% $5 726 764 413 DAI 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 66.4% 64 $76.50 0.74% 24.01% $5 485 689 704 LTC 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 58.4% 82 $0.053816 2.00% 5.89% $5 471 850 361 WTRX 7 days price change

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