The post Top Predictions for Bitcoin and Ethereum Prices for the Coming Week appeared first on Coinpedia Fintech News

Will Bitcoin Price Make it to $18,500 This Month?

The trade setup of the BTC price displays it to be in a decisive phase, where both the possibilities of a notable jump and a minor pullback may be expected. The price may either rise beyond $18,500 to reach $19,000 or else drop hard to test the $16,500 support zone in the short term. 

Source: https://twitter.com/CredibleCrypto/status/1603926778870779904

The BTC price is required to hold above $16,500 and ignite a firm rebound which may uplift the price to touch $17,300 which may break the resistance at $18,000. Conversely, if the BTC price losses the crucial support at $16,500, then it may slide down heavily to reach $15,600. 

Will Ethereum Price Face Acute Seling Ahead of Shangai HardFork?

The Ethereum price has slashed hard, eroding all the gains incurred in the past 7 days. The second-largest asset broke the support trendline and dropped notably in the past couple of days. Undoubtedly, the buyers tried to ease the selling pressure but the price remained with a bearish influence, due to which it dropped and continued to trade under $1200. 

Source: https://www.tradingview.com/x/mRVWoE1u/

The Ethereum price is currently trading between $1240 and $1118 and accumulating gains to pull a significant leg up in the coming days. The RSI has also witnessed a bullish divergence due to which the ETH price may undergo a notable price jump. 

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Filed under: Bitcoin - @ December 18, 2022 8:22 am