Bitcoin
BTC$43 085.96

-1.06%

Ethereum
ETH$2 995.89

-2.88%

Cardano
ADA$2.19

-2.78%

Tether
USDT$1.000508

-0.01%

Binance Coin
BNB$341.32

-2.13%

XRP
XRP$0.937804

-0.90%

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 Volume 24h
1 Bitcoin (BTC) BTC Bitcoin predictions 78.4% 36 $43 085.96 -1.06% -0.99% $811 219 237 866 $31 154 347 636
2 Ethereum (ETH) ETH Ethereum predictions 72.8% 51 $2 995.89 -2.88% -0.73% $352 615 203 825 $19 398 346 385
3 Cardano (ADA) ADA Cardano predictions 66.8% 75 $2.19 -2.78% 4.85% $70 222 973 640 $3 116 899 060
4 Tether (USDT) USDT Tether predictions 96% 1 $1.000508 -0.01% 0.06% $68 577 822 872 $71 068 899 614
5 Binance Coin (BNB) BNB Binance Coin predictions 68.8% 65 $341.32 -2.13% -7.03% $57 388 122 424 $1 555 748 368
6 XRP (XRP) XRP XRP predictions 72.8% 49 $0.937804 -0.90% 1.05% $43 811 978 119 $3 027 320 393
7 Solana (SOL) SOL Solana predictions 69.6% 66 $140.97 2.76% 1.92% $41 927 787 826 $2 899 305 540
8 USD Coin (USDC) USDC USD Coin predictions 91.2% 1 $1.000382 0.02% 0.01% $31 131 613 966 $3 198 579 010
9 Polkadot (DOT) DOT Polkadot predictions 68.8% 69 $28.28 -3.69% -2.07% $27 931 334 671 $1 725 163 950
10 Dogecoin (DOGE) DOGE Dogecoin predictions 66.4% 70 $0.203144 -1.88% -4.12% $26 705 464 939 $865 252 649
11 Terra (LUNA) LUNA Terra predictions 67.6% 59 $38.33 7.47% 37.20% $15 331 923 428 $1 698 547 134
12 Avalanche (AVAX) AVAX Avalanche predictions 58.8% 85 $68.09 0.67% 14.92% $14 998 801 484 $1 254 781 240
13 UniSwap (UNI) UNI UniSwap predictions 65.2% 70 $22.95 -6.14% 7.70% $14 034 322 529 $1 164 508 712
14 Binance USD (BUSD) BUSD Binance USD predictions 92% 1 $1.000300 0.02% 0.02% $13 519 244 531 $5 111 421 269
15 Chainlink (LINK) LINK Chainlink predictions 63.6% 70 $23.60 -5.17% -1.55% $10 736 258 209 $1 106 679 987

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