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Cryptocurrencies Price Prediction: Bitcoin, Compound and Ethereum – European Wrap 1 July

Cryptocurrencies Price Prediction: Bitcoin, Compound and Ethereum – European Wrap 1 July
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Weekly Forecast: This support level can define BTC’s fate

Bitcoin price has finished the first half of 2022 and things are not looking good. With record negative returns, BTC is likely to continue heading lower, especially if one particular support level is breached. 

BTC/USDT 1-day chart

DeFi traders must consider these resistance levels before trading Compound’s COMP price

COMP price is consolidating in a tight range, trying to establish a directional bias after a quick recovery rally. Depending on which camp wins, COMP is likely to head in that direction. However, judging by the market structure, a pullback seems likely. 

 
COMP/USDT 1-day chart

Key price levels to watch out as Ethereum enters Q3 in a negative posture

Ethereum (ETH) price has been clawing back losses at the start of the trading day, but attempts have been cut short quite quickly after Europe opened, and saw equities dragged to the downside. Now it looks like price action will have to take a step back, becoming less volatile as liquidity gets pulled for the summer. Expect the downtrend not to be over, but the train is starting to slow as the summer lul kicks in.

ETH/USD daily 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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