Bitcoin
BTC$23 396.59

-0.27%

Ethereum
ETH$1 657.83

1.20%

Tether
USDT$1.000118

0%

Binance Coin
BNB$330.60

3.36%

USD Coin
USDC$1.000017

0%

XRP
XRP$0.409253

0.39%

The crypto market in retreat


08 Dec 2022

#Ethereum

During the Asian trading session, the price of silver falls to a new December low at the $1225 level. Bitcoin price succumbed to pressure at $17000, and a breakout below occurred. The price drop stopped at $16750, and in the previous few hours, the price remained at that level. For a bearish option, we need a passive consolidation and a break below this current support. In the future, we could expect a further decline until the next lower support.

And the potential lower target is the $16500 level. For a bullish option, we need a positive consolidation and a return to the $17000 level.

Then we need to stay up there in order to try to continue with the recovery. With a new bullish impulse, we continue the growth of the price of bitcoin, and the potential higher targets are the $17250 and $17500 levels.

Ethereum analysis

During the Asian trading session, the price of silver falls to a new December low at the $1225 level. After which, we see consolidation at that level. Pressure on the price of Ethereum has increased, which could lead to a continuation of the current bearish trend. In the previous week, we tried three times to move above $1300, but it was unsuccessful.

For a bearish option, we need a continuation of the negative consolidation and a drop below today’s support at the $1225 level. The price would retest the $1200 support level. If the pressure on Ethereum continued, we would see a continuation of the bearish trend. Potential lower targets are $1175 and $1150 levels.


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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 62.8% 76 $23 396.59 -0.27% 1.23% $451 107 099 851 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 68.4% 64 $1 657.83 1.20% 3.76% $202 875 422 612 ETH 7 days price change
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