Bitcoin Bulls Remain in Charge, BTC Could Rise 22% to $25k
Bitcoin is pulling back from this week’s highs but primary support is at $20k and $20.5k. BTC may surge 22% to September highs.
Crypto Economy section, we will publish every week the technical price analysis of Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and other cryptocurrencies.
These analyzes are prepared by our specialists based on the evolution of the markets.
A technical price analysis provides excellent and useful information that can help us know when is the best time to make movements in our investments or when it is not a good time to operate.
But we must not only take this information into account, the monitoring of the prices of a cryptocurrency must be accompanied by an investigation into the latest news related to it.
So we can get an idea about whether the price increase or decrease has occurred due to an event related to the project or if it could be a market manipulation, etc.
Bitcoin is pulling back from this week’s highs but primary support is at $20k and $20.5k. BTC may surge 22% to September highs.
Ethereum prices are up 10 percent on the last trading day and ETH bulls are likely to pump the coin towards $1.8k and $2k in the medium term.
Ripple prices are still under pressure but within a bullish breakout formation with support at around $0.40 and $0.45.
Bitcoin prices remain in range, moving lower as BTC bulls fail to shake off determined sellers. This is despite supportive fundamentals.
Ethereum prices are down two percent from this week’s high as a bear engulfing pattern prints. ETH has primary support at $1.25k.
Dogecoin remains in consolidation above $0.056, marking Q3 2022 lows. DOGE has fundamental support following support from Boring Company.
Bitcoin is rising from October 2022 lows and strongly anchored above $19k as BTC buyers target $20.5k in the short term.
Ethereum maybe bullish in the long term because of the Merge but ETH prices are currently under pressure, finding support at $1.25k.
Binance coin, BNB, is under pressure and down seven percent from last week’s peak. However, it remains bullish above $260.
Bitcoin prices are stagnant at around $20k amid European Union’s new round of sanctions this time targeting crypto wallets from Russia.
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