There are new crypto predictions out about the prices of Bitcoin, Ethereum, and Cardano. Check out the latest reports about the prices of digital assets below.
New crypto predictions are out
A crypto strategist who nailed this year’s meltdown in the digital asset markets says rallies are in sight for Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA).
The pseudonymous analyst Capo said that Bitcoin looks primed for a breakout rally now that the king crypto has taken out a diagonal resistance on the lower timeframe.
“Main bearish trendline broken. Bullish confirmation for the short squeeze would be a break of the $20,700-$20,800 resistance. After this, we should see $22,500-$23,000. Invalidation for the short squeeze idea: break $19,500 and main confirmation would be a clean break of $19,000.”
At time of writing, Bitcoin is changing hands for $19,515, flat on the day.
The analyst also addresses Ethereum and he says that the coin is currently presenting a good opportunity for short-term traders.
“Longed ETH, good [risk/reward] ratio. Target price: $1,800.”
The analyst is also keeping an eye on fellow smart contract protocol Cardano.
Capo said that ADA has broken out of its diagonal resistance and now appears to be en route to his target at $0.52.
“Playing out nicely. Stop loss moved to breakeven.”
Hard fork upgrade new data is out
Input Output Hong Kong (IOHK), the team behind the Ethereum (ETH) challenger, says the update will go live on September 22nd.
“VASIL UPGRADE: DATE CONFIRMED.
Following the successful completion and extensive testing of all core components, plus confirmed community readiness, we along with [The Cardano Foundation] can today announce 22nd September for the Vasil upgrade on the Cardano mainnet.”
IOHK also made sure to say that the Vasil hard fork is the “most significant” Cardano upgrade yet as it will greatly increase the blockchain’s network capacity and lower transaction costs.