Author: BTCLFGTEAM
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Crypto price predictions: Bitcoin, Cardano, Binance Coin
Crypto prices remained in a consolidation phase this week as concerns about FTX contagion continued. They also reacted to the latest interest rate decision by the Federal Reserve and the arrest of Sam Bankman-Fried. Here are some of the top crypto price predictions for the weekend.
Bitcoin price prediction
Bitcoin pulled back sharply after the latest interest rate decision by the Federal Reserve. This decline correlated with the performance of American indices like the Dow Jones and the Nasdaq 100 indices.
Bitcoin price dropped to a low of $16,923, which was the lowest level since December 12. It also declined below the important level at $17,395, which was the neckline of the inverted head and shoulders pattern.
It has also pulled back below the 25-day and 50-day moving averages while the Relative Strength Index (RSI) has moved below the neutral level of 50. Therefore, Bitcoin price will likely continue falling as contagion fears continue.
If this happens, the next key level to watch will be at $16,000. In the near term, however, a bullish breakout to $18,000 cannot be ruled out as the shakeup eases.
How to buy Bitcoin
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Bitstamp
Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.
Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.
Binance Coin price prediction
Binance Coin price has been in a strong bearish trend in the past few days. It collapsed to the lowest level since November this year. This decline accelerated this week as Bitcoin FUD trended in Twitter and other social media platforms like Reddit. FUD stands for Fear, Uncertainty, and Doubt.
Concerns about Binance continued after the arrest of Sam Bankman-Fried, which we wrote about in this article. Investors are worried about the significant information that we still don’t know about Binance. For one, it is unclear how much money Binance makes and how much debt it has.
Therefore, like Bitcoin, the BNB price will likely continue falling as sellers target the psychological level of $200.
How to buy BNB
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Binance
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.
Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
Cardano price prediction
Cardano price plunged on Friday as concerns about the hawkish Fed continued. It has also fallen because of the underperformance of its DeFi and NFT ecosystem. NFT volume crashed to just $8 million in November, its lowest level in months.
On the daily chart, Cardano remains below all moving averages. It also crashed below the important support level at $0.300, the lowest level on December 13. The Relative Strength Index has moved to the oversold level. Cardano price will likely continue falling as sellers target the next key support at $0.2500.
How to buy Cardano
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Bitstamp
Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.
Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.
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Bitcoin addresses with 100-10K coins buy $726 million BTC
- Bitcoin wallet addresses with 100 to 10,000 BTC bought another $726 million worth of coins in 9 days.
- The sharks and whales activity highlight the continued accumulation of BTC as market navigates the recent FTX- fueled crash.
- Bitcoin price rose to highs of $18,385 on Tuesday, before retreating late Wednesday following US central bank interest rate hike.
Bitcoin rallied well above $18,000 this week as the crypto market moved higher amid exuberance in the risk asset market over cooling inflation in the US.
The flagship cryptocurrency hit highs of $18,385 ahead of Wednesday’s 50% rate hike from the US Federal Reserve.
While the Fed Chair Jerome Powell’s hawkish remarks helped dampen sentiment to push BTC below $18k again, the crypto remains poised for a fresh upside given bulls’ holding of prices above the key support base established in the aftermath of the FTX implosion.
Whales continue to buy the dip
Bitcoin’s retreat from $18,385 suggests bulls might have to rely on the buffer at $17,200 – the immediate resistance level that’s likely to act as a key support base. Below that, bears could target $15,700.
Despite the rejection at intraday highs above $18,300 seen this week, its likely bitcoin will look to retest the price level given its strong fundamental outlook.
According to o-chain data shared by market platform Santiment, more bitcoin sharks and whales have scooped coins this past week. This happened amid the FTX fallout and as the firm’s data shows, addresses holding 100 to 10,000 BTC have added over $726 million BTC in just nine days.
🤯 Breaking: #Bitcoin‘s addresses holding between 100 to 10,000 $BTC have bought $726m in $BTC the past 9 days. Meanwhile, #stablecoin assets like $USDT, $BUSD, & $DAI are also being bought quickly. This is a recipe for good things. Read all about it. 👉 https://t.co/H0G6oJhWFp pic.twitter.com/lOKPAfzZNO
— Santiment (@santimentfeed) December 15, 2022
About 15,900 wallet addresses in this category hold 8.5 million bitcoins worth over $149 billion (at current prices).
Notably, it adds to the accumulation seen since Bitcoin price registered a sharp decline on news of FTX’s implosion in early November.
As well as whales and sharks, shrimps and crabs have also been grabbing some alpha. The two wallet cohorts have aggressively been buying BTC. As we highlighted here, the group has added more than 96,000 BTC worth over $1.6 billion in 30 days.
