Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Algorand – Asian Wrap 09 Feb
|Bitcoin extends Tesla-backed rally beyond $45,000 to refresh record top
Bitcoin bulls are unstoppable around $45,000, following its run-up to $45,064 latest, while refreshing the all-time high on earely Tuesday. The BTC/USD rallied heavily on Monday after Tesla announced that it had previously bought $1.5 billion worth of Bitcoins, pushing the price to update historical highs of $43K.
Ethereum Price Analysis: ETH bulls catch a breather below $1,800, upside bias still intact
ETH/USD wavers around the mid-1,700s during early Tuesday. In doing so, the altcoin teases the record high of $1,780, flashed the previous day, inside the one-month-old rising channel. RSI conditions join immediate resistance to challenge the bulls.
Algorand Price Forecast: ALGO right on track to hit $1.05 as it encounters no resistance
Algorand has experienced a massive rally since the beginning of 2021 and it’s getting closer to its previous all-time high levels hitting a market capitalization of over $1 billion. The bullish price target of $1.05 will most likely be hit within the next few hours.
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