The post What To Expect This Week? appeared on BitcoinEthereumNews.com.

The Bitcoin price has continued recording a neutral price action over the past week. This has resulted in the altcoin market experiencing a similar price trend. With the fear of extreme volatility in the crypto space, top altcoins such as ETH price and Ripple price are prepared to witness significant action this month. With increasing volatility in the crypto market, is this a good time to invest in the top cryptocurrencies? In this article, we have covered the market sentiments and possible price analysis of Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) crypto tokens for this week. Bitcoin (BTC) Bitcoin price today has lost ~1% to its valuation with an intraday trading volume of $25.927 billion, a chnage of +59.12%. Moreover, it has dropped over 5% in the past week and 8% in the past 30 days. TradingView: BTC/USDT The Relative Strength Index (RSI) records a neutral trend around halfway in the BTC price chart. However, with its SMA indicator displaying a bearish curve, the price of Bitcoin hints at a mixed price sentiment this week. If the bulls regain momentum, the Bitcoin price could prepare to retest its milestone of $100,000. Contrarily, if the bears outrun the bulls, the price of BTC could drop toward its low of $90,000. Are you curious to understand the possibilities of the BTC Price achieving $200k? Read CoinPedia’s Bitcoin Price Prediction until 2030! Ethereum (ETH) Following the footsteps of the market leader, the Ethereum price has displayed a similar action by losing 1.07% in valuation with a trading volume of $13.781 billion. Despite starting the year positively, the altcoin leader has a YTD of -3.09%. TradingView: ETH/USDT The Moving Average Convergence Divergence (MACD) has witnessed a constant rise in the red histogram with its averages showing a bearish convergence. Moreover, the EMA 50-day…

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Filed under: News - @ January 13, 2025 6:17 am