Bitcoin Weekly Forecast: These levels are ideal for Dollar cost averaging BTC after FTX crash
Bitcoin price has faced the brunt of many industry leaders or significant platforms going bust in the last year. From Terra’s implosion to FTX’s bankruptcy, the industry seems shaken from a psychological perspective. The latest development involves the Bahamian authorities seizing the digital assets from one of the FTX exchange’s subsidiaries. As investors, an unbiased look reveals that the macro bottom is just one 20% crash away. With this narrative in mind, this week’s forecast takes a fresh look at significant levels and anticipates other scenarios that may evolve for Bitcoin price.
Ethereum whales scoop up the altcoin as ETH price hits the $1,200 level
Ethereum whales have been scooping up the altcoin through the recent dip in its price. The second-largest cryptocurrency by market capitalization is close to its psychological support level at $1,200 and analysts expect a recovery in ETH price.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: A trend-defining decision comes soon
The crypto market is losing ground as far as a bullish counterstrike is concerned. The bear rally witnessed earlier in the month has formed a bearish pennant-looking formation on Bitcoin and Ethereum, which could spell bad news for the rest of the market. The resolve on the bearish congestion zone will likely occur soon.
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Celebrity meme coins lose their shine
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Ripple gains 5%, Mark Cuban says Kamala Harris’ nomination could affect SEC lawsuit
Ripple (XRP) made a comeback above key psychological resistance early on Wednesday. Crypto traders are optimistic after the Ethereum Exchange Traded Fund (ETF) launch. Entrepreneur and investor Mark Cuban recently shared his comments on how Kamala Harris’ nomination to the Presidential elections could influence crypto regulation.
Bitcoin: Will BTC manage to recover from recent market turmoil?
Bitcoin recovers to $67,000 on Friday after finding support around $63,500 a day before. Still, BTC losses over 1.50% on the week as Mt. Gox persists in transferring Bitcoin to exchanges.