Cryptocurrencies Price Prediction: Bitcoin, Ethereum and Tezos – European Wrap 29 July
|Bitcoin Weekly Forecast: Is BTC out of the ‘bearish’ woods yet?
Bitcoin price has been extremely bullish ever since July 26, when it kick-started a second bullish leg. Regardless, BTC is yet to face another hurdle that will determine if there are buyers with conviction behind the recent run-up or if it is built on weak-handed longs.
Clear skies for Ethereum price till $2,000
Ethereum price has done the unthinkable over the last 24 hours and flipped an important hurdle into a launching pad. All that’s left for ETH to do now is to maintain this momentum and rally to new hurdles.
Big moves await Tezos price with the Electis e-voting system gaining recognition
Investors seem to be shifting their attention back to the cryptocurrency market following the Fed's Wednesday interest rate verdict, when it raised rates by 75 basis points, to combat rising inflation. Although most analysts expected another pullback post the FOMC meeting, the crypto market made significant strides, led by Bitcoin price’s minor rally above $24,000.
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