Crypto Price Predictions: Bitcoin, Cardano, Binance Coin

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Crypto prices remained in a consolidation phase this week as concerns about FTX contagion persisted. They also reacted to the Federal Reserve’s latest interest rate decision and the arrest of Sam Bankman-Fried. Here are some of the best crypto price predictions for the weekend.

bitcoin price prediction

Bitcoin fell sharply after the Federal Reserve’s latest interest rate decision. This decline is correlated with the performance of US indices such as the Dow Jones and the Nasdaq 100.

Bitcoin price fell to a low of $16,923, which was the lowest level since Dec. 12. It also declined below the important level at $17,395, which was the neckline of the reverse head and shoulders pattern.

It has also moved back below the 25- and 50-day moving averages while the Relative Strength Index (RSI) has moved below the neutral 50 level. of contagion continue.

If that happens, the next key level to watch will be at $16,000. In the short-term, however, a break-up at $18,000 cannot be ruled out as the upheaval subsides.

BTC/USD chart by TradingView

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OKX is a leading cryptocurrency exchange that offers over 140 cryptocurrencies to invest in. OKX takes the security of its customers very seriously, they store almost all of their customers’ funds in cold storage and the exchange has not been hacked yet. On top of that, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.

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Binance Coin Price Prediction

Binance Coin price has seen a strong downtrend for the past few days. It collapsed to the lowest level since November this year. This decline accelerated this week as Bitcoin FUD trended on Twitter and other social media platforms like Reddit. FUD stands for Fear, Uncertainty and Doubt.

Worries about Binance continued after the arrest of Sam Bankman-Fried, which we discussed in this article. Investors are concerned about important information we still don’t know about Binance. For one thing, it’s unclear how much money Binance is making and how much debt it has.

Therefore, like Bitcoin, the price of BNB will likely continue to decline as sellers target the psychological $200 level.

BNB/USD Chart by TradingView

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Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is more suitable for more experienced investors and offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multitude of trading options that its users can benefit from. , as ; peer-to-peer trading, margin trading and spot trading.

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Cardano Price Prediction

Cardano’s price plunged on Friday as concerns about the hawkish Fed lingered. It also fell due to the underperformance of its DeFi and NFT ecosystem. NFT volume slumped to just $8 million in November, its lowest level in months.

On the daily chart, Cardano remains below all moving averages. It also fell below the important support level at $0.300, the low level from December 13th. The relative strength index has moved to the oversold level. Cardano’s price is likely to continue falling as sellers target the next key support at $0.2500.

ADA/USD Chart by TradingView

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eToro is a global social investment brokerage company that offers over 75 cryptocurrencies to invest in. It offers commission-free crypto-trading, and platform users have the option of investing manually or socially. eToro even has a unique CopyTrader system that allows users to automatically copy trades from popular investors.

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OKX is a leading cryptocurrency exchange that offers over 140 cryptocurrencies to invest in. OKX takes the security of its customers very seriously, they store almost all of their customers’ funds in cold storage and the exchange has not been hacked yet. On top of that, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.

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