The crypto market is slowly but surely recovering following more price corrections that it’s been seeing lately. Check out the latest predicitons for BTC, ETH, and XRP below.
New crypto predictions are out
There is a popular crypto analyst and trader who is dropping his predictions for a handful of leading crypto assets as the markets rebound.
On Twitter, Michaël van de Poppe said that greener pastures might be on the horizon for Bitcoin (BTC) if the leading crypto can hold the $42,000 support level.
“If the area around $42K holds, I’m assuming we’ll start looking upwards. Above $43K we might accelerate towards $46K as there’s not much in between for Bitcoin.”
At the moment of writing this article, BTC is trading in the green and the king coin is priced at $43,801.
The other day, we revealed that there is a price catalyst for Bitcoin. A famous economist is keeping a close watch on inflation data as he believes the next update could determine the direction of the crypto markets.
Alex Kruger just said that inflation is now the number one concern of the Federal Reserve.
Kruger says the latest consumer price index (CPI) data, an instrument to measure inflation, could dictate the next phase of the crypto market cycle.
The analyst next looks at the decentralized network Ethereum (ETH). He’s eyeing two key levels to see where the leading smart contract platform is headed moving forward.
“Good bounce from Ethereum. Levels I’m watching are $3,350 and $3,600 to break for further bullish perspectives.”
At the moment of writing this article, ETH is trading in the green and the coin is priced at $3,349.
He addressed the situation with XRP, which last traded above a dollar on December 23rd and has been ranging between $0.70 and $0.80 over the past week.
The analyst said this:
“Not the worst spot to be looking at XRP, to be honest.” Now, XRP is also trading in the green, and the coin is priced at $0.79.