The cryptocurrency market rumbled loudly on Friday but generally kept key support levels from which purchases resumed over the weekend and early Monday. BTCUSD has added 5.6% in the last 24 hours to $57.6K, almost at the same levels as seven days ago. The cryptocurrency Fear and Greed Index remains in the fear territory, at 33, up from 27 on Sunday and 21 on Saturday morning. Today's low values are nothing more than a tail of Friday's sell-off, and sentiment has improved significantly since then. From the side of this indicator, the situation looks like another moment to buy on downturns, as it was in early October.
On Friday, bitcoin fell into the $54K area, pulling back to the 61.8% level of the July-November rally. If indeed it is over, such a pullback could clear the way for growth to new highs, as bulls were allowed to lock in profits and shortly after to buy the dip. On the other hand, BTCUSD remains below its 50-day average, which has acted as resistance for the past ten days. It is now passing through levels near the circular $60K level, which increases the significance. In the event of a sharp breakout of this level, bitcoin could fly to new highs on inertia.
If that breakout fails, we could say the crypto market's bullish trend is broken, as there are too many sellers. Ether has successfully withstood the pressure and actively rallied on declines below 4000. The primary altcoin looks more popular among buyers, managing to stay above its critical circular level and above the 50-day moving average, continuing the short-term bullish trend.
Thus, it can be stated that sentiment in the crypto market has quickly returned to normal after a slight shake-up. However, it is worth keeping a close eye on bitcoin dynamics. If it does not return to a solid growth path, it could upset the entire crypto market by turning it downwards.
|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||7d price change|
|1||BTC||Bitcoin predictions||59.2%||88||$19 108.68||-0.12%||-10.44%||$364 683 630 223|
|2||ETH||Ethereum predictions||54%||93||$1 051.12||-1.09%||-14.27%||$127 610 536 230|
|3||USDT||Tether predictions||91.6%||1||$0.999042||0%||-0.04%||$66 018 262 534|
|4||USDC||USD Coin predictions||95.6%||1||$1.000039||-0.01%||0%||$55 804 793 378|
|5||BNB||Binance Coin predictions||65.2%||75||$216.74||-0.87%||-9.37%||$35 388 059 426|
|6||BUSD||Binance USD predictions||92.4%||1||$1.001586||0.07%||0.28%||$17 575 061 690|
|7||XRP||XRP predictions||68%||69||$0.317499||1.53%||-12.57%||$15 348 864 758|
|8||ADA||Cardano predictions||66.8%||72||$0.448366||-0.36%||-10.65%||$15 214 866 694|
|9||SOL||Solana predictions||68%||70||$32.77||-0.23%||-19.15%||$11 253 894 583|
|10||DOGE||Dogecoin predictions||66.8%||62||$0.066138||0.06%||-13.89%||$8 774 635 420|
|11||DAI||Dai predictions||94.8%||1||$1.000043||-0.04%||0%||$6 895 987 122|
|12||DOT||Polkadot predictions||68%||67||$6.72||-0.01%||-16.62%||$6 636 204 716|
|13||TRX||TRON predictions||66%||74||$0.065733||3.58%||-3.47%||$6 079 571 196|
|14||LEO||UNUS SED LEO predictions||73.6%||54||$5.87||2.64%||-0.14%||$5 604 429 157|
|15||SHIB||SHIBA INU predictions||71.2%||63||$0.000010||0.62%||-13.36%||$5 523 555 766|
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2022 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.