Bitcoin (BTC) $56,980.12 did what was expected again and fell again after the US market opening and fell below $ 57,000. At the time of writing, the BTC price is at $ 56,690. Although altcoins are generally turning green, it is difficult for them to regain support without BTC consolidating at higher levels. So what are the latest analysts’ predictions for NEAR, ETH and BTC prices?
NEAR and ETH Price Prediction
Despite ETF approval Ether price It has not performed as expected and is still stuck at $2,300 at the time of writing. Although it is demoralizing for investors, the negative inflation story is also turning around. Inflation will turn positive in the coming months for the last 365 days, and has already turned positive in the short term.
Reputed cryptocurrency analyst He shared his latest predictions for ETH today and used the phrases “disgrace” by looking at the ETHBTC chart. The ETH price has indeed weakened significantly against BTC.
“The biggest bullshit of this cycle: ETH.
“The bullish divergence is not confirmed. It’s starting to look really bad and I think we’re going to sweep the bottom. If Bitcoin gets to $60-61k, ETH will break below $0.04 before it has a chance to reverse.”
Poppe, who frequently shares evaluations for NEAR Coin, aims to see $15 in the 3-6 month period in an environment where the $2.75 and $3.40 levels are maintained. It is important for the support levels to remain strong for the analyst’s return predictions to come true.
Of course, for this scenario to happen, BTC The price needs to be sustained above $70,000 and the cash inflow to altcoins needs to accelerate again. While BTC is falling to $56,500, the Fed pivot story seems to support the story of triggering deeper lows. Who among us sees the future? We will watch and see.
Bitcoin Analyst Comment
Daan Crypto Trades drew attention to the growth of open positions in BTC futures in its latest market assessment today. Comparing the growth rate of open positions with the growth rate of price growth, the analyst considers the slower growth of OI to be positive. Writing that this situation is supportive for a sustainable rise, Daan hints that this time the expected return may begin.
“This is generally a good thing because it shows that the longs chasing the price are not taking on too many positions and the move is primarily spot-driven. It needs to stay that way to get a sustainable rally.”
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
