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Cryptocurrencies Price Prediction: Bitcoin, Ethereum and Cardano – European Wrap 16 March

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto markets to kick-start relief rally

Bitcoin price saw a massive spike ahead of the Federal Open Market Committee (FOMC) meeting on March 16. The rally was brief, however, and has been undone, suggesting that BTC is likely to head lower before any noticeable uptrends resume. While Ethereum follows the big crypto’s lead, Ripple and other altcoins are likely to take advantage and rally.

BTC/USD 1-day chart

Bitcoin, Ethereum and Tether witness drop in whale transactions, hit lowest point in a year

Bitcoin price could slide to $30,000 as transaction activity on the blockchain network drops. Whale transactions on Ethereum and Tether have witnessed a drop over the past year as large wallet investors wait out geopolitical crises. 

Cardano price awaits 20% breakout as ADA range tightens

Cardano price has slipped into a sideways movement, evidencing a lack of volatility. This move appears to be a fractal, echoing a similar move last seen in February. That time the resolution of the coiling up was an explosive run-up, so investors can expect a similar outcome to play out this time.

ADA/USDT 4-hour 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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