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February 1, 2023
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Top Predictions for Bitcoin and Ethereum Prices for the Coming Week

The post Top Predictions for Bitcoin and Ethereum Prices for the Coming Week appeared first on Coinpedia Fintech News

Will Bitcoin Price Make it to $18,500 This Month?

The trade setup of the BTC price displays it to be in a decisive phase, where both the possibilities of a notable jump and a minor pullback may be expected. The price may either rise beyond $18,500 to reach $19,000 or else drop hard to test the $16,500 support zone in the short term. 

Source: https://twitter.com/CredibleCrypto/status/1603926778870779904

The BTC price is required to hold above $16,500 and ignite a firm rebound which may uplift the price to touch $17,300 which may break the resistance at $18,000. Conversely, if the BTC price losses the crucial support at $16,500, then it may slide down heavily to reach $15,600. 

Will Ethereum Price Face Acute Seling Ahead of Shangai HardFork?

The Ethereum price has slashed hard, eroding all the gains incurred in the past 7 days. The second-largest asset broke the support trendline and dropped notably in the past couple of days. Undoubtedly, the buyers tried to ease the selling pressure but the price remained with a bearish influence, due to which it dropped and continued to trade under $1200. 

Source: https://www.tradingview.com/x/mRVWoE1u/

The Ethereum price is currently trading between $1240 and $1118 and accumulating gains to pull a significant leg up in the coming days. The RSI has also witnessed a bullish divergence due to which the ETH price may undergo a notable price jump. 

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