Cryptocurrencies Market Prices
Bitcoin Price Forecast: BTC dips below $67,000 as holders book profits
Bitcoin continues to trade in the red on Tuesday after facing rejection around the $70,000 level on Monday. Despite the price decline, institutional investors capitalized on the recent dips, with the US spot Exchange Traded Funds recording over $297 million in inflows.
SUI Price Forecast: On-chain metrics and technical indicators show bearish bias
SUI’s technical analysis shows a formation of bearish divergence on a momentum indicator. On-chain data suggests a bearish outlook for SUI as the long-to-short ratio is below one, and daily trading volume is decreasing.
1inch Network Price Forecast: Technical outlook suggest a rally ahead
1inch price is retesting key support levels on Tuesday after breaking above a descending trendline on Sunday. Technical outlooks suggest a rally ahead and provide a potential buying opportunity for sideline investors in the $0.261 to $0.273 range.
BTC/USD FORECAST POLL
Interested in weekly BTC/USD forecast? Our experts make weekly updates forecasting the next possible moves of the bitcoin-dollar pair. Here you can find the most recent forecast by our market experts:
Bitcoin: Will the “Uptober” rally reach a fresh all-time high?
Bitcoin rallied nearly 8% so far this week until Friday after breaking its resistance barrier, aiming for a fresh ATH. This rise in Bitcoin’s price is supported by an increase in institutional demand, which showcased a $1.86 billion inflows this week, the largest streak of inflows since mid-July.
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The volatility of cryptocurrencies prices
The cryptocurrencies prices are highly volatile compared with the traditional currency pairs and assets in the foreign exchange market due to fluctuations in the interest of the public. This factor is associated with the user and we must add the absence of current regulation and its constant pressure from governments. These factors make the volatility of the digital currencies constant, modifying the Cryptocurrencies Market Prices and affecting values of such cryptocurrencies as Bitcoin, Ethereum, Ripple, Cardano, Stellar Lumens, VeChain, Litecoin or Chainlink, among others.
To begin trading in this volatile market it is necessary to be well aware of the market prices of cryptocurrencies. The cryptocurrency investor has to differentiate between Bitcoin and the wide variety of existing Altcoins and should be well informed about their graphs and quotes, as well as the latest news related to these digital currencies.