Possible Bitcoin and ethereum prices? let's see
The BTC / USD pair has been trading in a range above and below the $ 4000 line for a few weeks, after breaking a major support line at 6500. The current market capitalization of Bitcoin remains at $ 69,830 million. dollars, while the negotiated volume is 5170 million dollars. The price of Bitcoin has continued to decline despite the fact that there has been some positive news for the market. Nasdaq and Crypto 2.0 backed by VanEck, announced a future crypto plan, but Bitcoin has not been able to exit the bearish channel, with a resistance at 4500 and a support at 3500. After days of higher highs that ended with Bitcoin closing at Unexpectedly rising and waning the gains of the week that ended on November 25, last week's gains could be the much-needed base and sling that will catalyze earnings again above 4700 and finally 6000.
The Cryptocurrency Market Will See An Inflow of Institutional Funds While Crypto 2.0 is Probably Open Soon
However, the increase in the level of adoption, the fall in prices and the consequent "washing" of speculators will be the perfect platform for large-scale investors and institutional investors who hope to enter the crypt space in 2019 with Its huge investments of a few million to billions of dollars and many analysts and enthusiasts of this market expect this development to stabilize the market. After the candle last week, investors have reasons to smile. Bitcoin not only finished 6 percent higher, wiping out losses for the week ending November 25, but there was a noticeable increase in market share. Note that the volumes of last week, despite the narrow range, were almost double the average 154,000 in 304,000.
This means that the BTC / USD is finding support despite the fall in prices and it can be expected that the continued growth in the coming days will come from a silent market action and a very slow growth rate. Ethereum, now the third largest currency with a market value of 11,000 million dollars and an average daily trading volume of approximately 1,800 million, is negotiated within a range delimited by 110 and 120 dollars. The ETH / USD needs to return to the area above 120 to mitigate bearish pressure, but this final goal will be out of reach as long as the currency remains below the 114.00 resistance.
Apparently the rise of BTC comes in slow way, just waiting and keeping the eyes in it.