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Cryptocurrencies Price Prediction: Ethereum, SafeMoon & Bitcoin – American Wrap 07 March

Cryptocurrencies Price Prediction: Ethereum, SafeMoon & Bitcoin – American Wrap 07 March
FXStreet TeamFXStreet TeamFXStreet

Bitcoin panic selling to $30,000 likely if BTC fails to hold this support level

Bitcoin price continues to show very bearish signals that downside pressure is likely to continue. However, early warning signs of a bullish reversal continue to play out despite the current bearish technicals.

Ethereum price flirts with a downswing to $2,300

Ethereum price action is now at the most bearish since December 13, 2021. If bears confirm the current breakout, sub $2,000 price levels are imminent.

SafeMoon price is on its way back to $0.0012 as support weakens

SafeMoon price action is in consolidation mode again after price  punched below the low of last week over the weekend and now looks set to square the low of March. As news keeps developing in Russia and Ukraine, it is clear that SafeMoon investors are merely riding the waves created by this event with no real clear sense of direction. Expect more whipsawing price action as the Relative Strength Index (RSI) remains subdued to the downside near oversold.

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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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