Cryptocurrency Prices Remain in a Consolidation Phase This Week as Concerns ftx infection to continue. He 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 is related to the performance of US indices such as the Dow Jones and Nasdaq 100 indexes.
Bitcoin price fell to a low of $16,923, which was the lowest level since December 12. There was also a decline below the crucial $17,395 level, which was the neckline of an inverted head and shoulders pattern.
It has also pulled 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 continue to decline as contagion fears continue.
If this happens, the next key level to watch would be $16,000. However, in the near term, a bullish breakout of $18,000 cannot be ruled out as the shakeup eases.
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binance coin price prediction
The price of Binance Coin has been in a strong bearish trend over the past few days. It has come down to its lowest level since November this year. The decline accelerated this week as bitcoin FUD began trending on other social media platforms such as Twitter and Reddit. FUD stands for fear, uncertainty and doubt.
Concerns Remain for Binance Following the Arrest of Sam Bankman-Fried, Which We Wrote About in Article, Investors are concerned about important information that we still do not know about Binance. For one, it is unclear how much money Binance makes and how much debt it has.
Therefore, like bitcoin, BNB price is likely to continue declining as sellers target the psychological level of $200.
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binance
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited for more experienced investors and it offers a large number of cryptocurrencies to choose from, over 600. Binance is also known for its low trading fees and multiple trading options that its users can benefit from, such as; Peer-to-Peer Trading, Margin Trading and Spot Trading.
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cardano price prediction
Cardano price fell on Friday as concerns about an hawkish Fed continued. It has also declined due to the poor performance of its DeFi and NFT ecosystems. NFT volume dropped to just $8 million in November, its lowest level in months.
on the daily chart, cardano Stays below all moving averages. It also declined below the important $0.300 support level, which was the lowest level on December 13. The Relative Strength Index has moved to oversold levels. Cardano price is likely to continue declining as sellers target the next key support at $0.2500.
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bitstamp
Bitstamp is a leading cryptocurrency exchange offering trading in fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company that offers users an intuitive interface, a high level of security for your digital assets, excellent customer support, and multiple withdrawal methods.
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