BTC and ETH Set for 50% Retracement: Market Analysis


This update examines the market conditions and technical analysis of two leading cryptocurrencies, Bitcoin and Ethereum, and predicts their price movements in the near future.

Bitcoin is currently trading at $27,700, with a market capitalization of $537 billion and a 24-hour trading volume of $17 billion. Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest an overbought market condition and potential for a 50% retracement.

The current price of Ethereum is $1,893.23, and it has experienced a 2% increase in the past 24 hours. The market capitalization of Ethereum is $227.7 billion, with a trading volume of $7.4 billion. Ethereum is displaying strong bullish momentum and is trading at a double-top trend resistance in the range of $1,922-1,925.

To stay ahead of the curve, investors should regularly explore the handpicked selection of the top 15 most promising cryptocurrencies to watch in 2023, as recommended by industry experts from Industry Talk and Cryptonews.

Finally, use Cryptonews’ cryptocurrency price tracker to easily find the best price to buy and sell digital assets.

Related articles

Recent articles