COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Bitcoin and Ethereum Price Predictions in a Volatile Market
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Technical Analysis > Bitcoin and Ethereum Price Predictions in a Volatile Market
Technical Analysis

Bitcoin and Ethereum Price Predictions in a Volatile Market

In Brief

  • Bitcoin surpasses $70,000; ETF outflows raise concerns.

  • Goldman Sachs report shows growing interest in Bitcoin ETFs.

  • Ethereum's price could rise if it maintains above $3,521.

COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

Bitcoin is once again above the $70,000 mark, yet strong GBTC outflows in the spot Bitcoin ETF channel continue. Data from BlackRock and Fidelity has not yet arrived, but a net outflow of $350 million could stoke concerns from the first day of the week. So, what are the current predictions for Bitcoin and Ethereum?

Contents
Bitcoin (BTC)Ethereum Price Prediction

Bitcoin (BTC)

ETFs have seen net outflows for five consecutive days, turning the past week into a nightmare. Considering the pressure from the Fed on cryptocurrencies, this was not surprising. Simultaneously, the process of converting Genesis’s massive GBTC reserves into cash continues.

On the bright side, Goldman Sachs’ latest report indicates that customer interest in Bitcoin has increased with the approval of ETFs. The net inflow of over $11 billion in less than three months confirms this. If Bitcoin avoids massive drops and comprehensive bans or FUD, it should continue to draw demand through the ETF channel.

Turning to the price, BTC continues to close above $69,000. This reflects the bulls’ appetite to test the $73,777 level. If the rise continues as “one step back, two steps forward,” the target is $80,000.

Conversely, if the price turns down from its current level, the recent rise will become a bull trap, and altcoin investors will be shocked if the price drops to $59,000. The key support is at $59,098.

Ethereum Price Prediction

The negativity pumped by ETFs is clearly felt in the price. The SEC implies that it won’t be as straightforward as the BTC ETF. A positive for Ethereum’s price is the reclaiming of the 20-day EMA. As long as the price stays above $3,521, there could be more upside for ETH.

If the rise continues, the ETH price could set sail towards targets of $3,679 and $4,094. However, closures below $3,679 will dampen optimism, and falling below the 50-day SMA could invalidate the short-term bullish scenario. In this case, we could see a deeper correction towards $2,868.

Experts expecting a test of the $950 billion support for altcoins could see their bearish scenario become a reality with ETH losses.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Michael Poppe Predicts Altcoin Surge with New Price Target

Cryptocurrency Takes Center Stage with Exciting Price Movements

Experts Predict Next Moves for SOL, SUI, and S Coin

Altcoin Sherpa Predicts Sharp Moves for HYPE, Bitcoin, and WIF

Crypto Prices Rally Beyond Forecasts and Exceed Expectations

COINTURK NEWS 26 March, 2024 - 3:03 am 26 March, 2024 - 3:03 am
Share This Article
Facebook Twitter
Share
Previous Article Bitcoin and Solana: Market Dynamics and Price Predictions
Next Article Insights on Altcoin Trends: BNB, SOL, and XRP Price Predictions
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Vitalik Buterin Accelerates Ethereum Scalability with Innovative EIP-4444 Proposal
Ethereum (ETH)
Ripple Empowers Colombian Farmers with Innovative Finance Model
Ripple (XRP)
Bitcoin Rallies and Plummets, Rocking the Crypto Market
Cryptocurrency News
Hong Kong Police Nabs 12 in Bold Crypto Money Laundering Crackdown
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?