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Bitcoin and ETH Price Prediction: Bulls Keeps Pushing, NEAR Price Targets $8

Key Insights:

  • Bitcoin remains in a positive zone above the $23,000 level.

  • Ether (ETH) is eyeing more gains above $1,625.

  • NEAR broke out of major resistance level and is now targeting $8.

Bitcoin (BTC)

The price of bitcoin (BTC) has recently surged past the $23,000 resistance and is now consolidating above the 21-day simple moving average (H1).

The next major resistance is near the $24,000 level. A clear move above the $24,000 zone could send the price further towards the $25,000 psychological level.

BTC Hourly Chart by FXEmpire
BTC Hourly Chart by FXEmpire

If there is a downside correction, there is support on the H1 indicator, as well as the $23,000 mark. If those fail to hold, then BTC may hurtle back to $22,000 where it previously found support.

Ethereum (ETH)

ETH also followed a bullish path after it broke the $1,440 resistance zone. The price cleared the key $1,550 level and is now consolidating.

The price briefly surpassed the $1,600 level but was unable to maintain its rally, falling back down towards the 21-day simple moving average (H1).

An immediate support on the downside sits near the $1,400 level and a connecting bullish trend line on the hourly chart.

ETH Hourly Chart by FXEmpire
ETH Hourly Chart by FXEmpire

If ETH is able to consolidate above $1,500 until the end of the week, the bulls may attempt to push past $1,600 level again, as long as the wider crypto markets continue their rallies as well.

Should ETH fail to push past this level, then we may see a correction towards the $1,400 and even lower yet to $1,200 if there are wider market downturns.

NEAR Protocol (NEAR)

After a failed breakout above $4.60, NEAR is now seeing a pullback towards the $4 level again.

This recent price action follows a few weeks of widespread declines in the market which saw NEAR dropping to as low as $2.80 for a brief period of time.

The token then consolidated for a few weeks before shooting up and recovering some losses.

This week, it gained over 30% and surpassed a key bearish trend line with resistance near $3.20 on the daily chart.

If the bulls are able to form a new support above the $4 region, then we may see another attempt to push past $4.60 in the coming days.

If this level cannot hold, then the previous resistance at $3.20 may provide some support going forward.

NEAR Daily Chart by FXEmpire
NEAR Daily Chart by FXEmpire

If bullish price action continues in the wider crypto markets, then the next resistance level for NEAR is at $5 and $6.80 above that.

The most significant resistance above that would be the $10 level which serves as a psychological barrier due to being a round number.

ADA, BNB, and DOT price

Cardano (ADA) is now consolidating near the $0.525 level. If current price action continues, the price could test the $0.55 level in the coming days.

Binance Coin (BNB) is slowly moving higher towards the $275 resistance zone. If the bulls are able to carry the price higher, then the next resistance is at $290.

Polkadot (DOT) is consolidating above the $7.50 support. On the upside, there will likely be some resistance at $8 due to previous price action.

A few trending coins are DOGE, SHIB, and LTC. Out of these, DOGE is gaining pace for a move toward the $0.0735 resistance zone.

This article was originally posted on FX Empire