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Cryptocurrencies Price Prediction: Bitcoin, Binance Coin and Ethereum – European Wrap 26 August

Cryptocurrencies Price Prediction: Bitcoin, Binance Coin and Ethereum – European Wrap 26 August
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Weekly Forecast: Exploring 2022, the year of BTC fractals

Bitcoin price shows a tight consolidation on a lower time frame – an ascending parallel channel – that repeats the motif of three larger channels that have developed on higher time frames since the start of 2022. 

BTC/USDT 1-day chart

Will this Binance Coin price setup trigger a 20% crash?

Binance Coin price has been on a retracement move since a local top in early August. During its descent, BNB also seems to be forming a head-and-shoulders pattern. While the confirmation is yet to arrive, speculators can realize good gains if they get in early, but the risks are also high. 

 
BNB/USDT 1-day chart

Ethereum price: This price can unlock ETH bullish potential post Merge

Ethereum layer one activity remained largely stagnant since the beginning of 2021. Analysts predict a massive rally in Ethereum price with scarcity emerging as a key driver of ETH. 

ETH-USD price chart

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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