Bitcoin
BTC$19 236.88

-5.33%

Ethereum
ETH$1 059.24

-3.42%

Tether
USDT$0.998865

0%

USD Coin
USDC$1.000234

0.01%

Binance Coin
BNB$216.73

-2.86%

Binance USD
BUSD$1.000172

0.02%

Tight crypto market range as compressed spring


15 Sep 2021

#Bitcoin

The crypto market remains in limbo and resembles a compressed spring at the same time. Bitcoin is trading slightly below $46,000 on Tuesday morning, ending the sluggish slide of the previous six days. Strictly speaking, the cryptocurrency market does not look over-sold to be unequivocally attractive for short- and medium-term buying, but it does show signs of buyer interest. The Cryptocurrency Greed and Fear Index has fallen to the 30, i.e., “Fear”. From these levels, the index began the most active sell-off phase of the crypto market in May. Historically, buying cryptocurrencies was most attractive when the index reversed to a rise from around 10 (with extreme fear).

Cryptocurrency Greed and Fear Index

However, caution is not yet a vital trait for crypto investors. Bitcoin has been methodically gaining support this month on the downside of a simple 200-day moving average, which now passes near $44300. In early August, the rise from this curve has kick-started a 40% rise over the next five weeks.

BTC/USD Daily Chart

Yesterday’s Litecoin momentum illustrates just how fast and strong the move can be on big news. Yesterday, a moment of euphoria was experienced by Litecoin, whose quotations soared by a third to $235 on the news that Walmart would accept the coin as payment. The news turned fake, and the coin quickly returned to previous levels near $173. However, the positive momentum in the coin is worth noting, which has been steadily finding buy support on dips below $170 over the past week, stuck between the 50- and 200-day moving averages.

LTC/USD Daily Chart

In recent days, altcoins have generally looked weaker than bitcoin, allowing the latter to regain some of its lost ground in the overall crypto market capitalisation. And that’s not such a bad sign, as bitcoin is often the first to see a change in trend. The presence of steady buying in the coming days will allow markets to shake off pessimistic expectations from the crypto market and revive positive price momentum amid a protracted lull after the downturn.


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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 56% 93 $19 236.88 -5.33% -9.25% $367 090 492 088 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 54.4% 92 $1 059.24 -3.42% -13.06% $128 563 665 077 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $0.998865 0% -0.05% $66 157 064 752 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 94.4% 1 $1.000234 0.01% 0.03% $55 815 657 567 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 58% 83 $216.73 -2.86% -9.97% $35 387 165 689 BNB 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 95.6% 1 $1.000172 0.02% -0.17% $17 550 239 765 BUSD 7 days price change
7 Cardano (ADA) ADA Cardano predictions 64.4% 77 $0.449900 -3.96% -9.87% $15 185 277 669 ADA 7 days price change
8 XRP (XRP) XRP XRP predictions 65.6% 69 $0.312767 -5.50% -14.94% $15 120 122 249 XRP 7 days price change
9 Solana (SOL) SOL Solana predictions 63.2% 76 $33.02 -4.65% -21.18% $11 334 306 442 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 66.8% 71 $0.066321 -1.46% -0.89% $8 798 825 338 DOGE 7 days price change
11 Dai (DAI) DAI Dai predictions 96% 1 $1.000044 -0.04% -0.01% $6 861 151 864 DAI 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 67.6% 67 $6.73 -5.75% -17.74% $6 645 769 652 DOT 7 days price change
13 TRON (TRX) TRX TRON predictions 56.8% 88 $0.064983 -1.34% -1.30% $6 010 279 687 TRX 7 days price change
14 SHIBA INU (SHIB) SHIB SHIBA INU predictions 66.4% 66 $0.000010 -4.45% -8.36% $5 490 728 757 SHIB 7 days price change
15 UNUS SED LEO (LEO) LEO UNUS SED LEO predictions 67.6% 60 $5.75 -0.48% -1.42% $5 488 104 289 LEO 7 days price change

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