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As the crypto market continues to be unpredictable, resulting in high volatility over the past few hours, investors and traders are left wondering whether a bull market is imminent or a bearish massacre awaits in February. I’m still confused about what
Bitcoin Lost key price level of $23,000 Made a minor downward retracement to the Fib channel of 23.6%. Bitcoin is hovering around $22.6k as of this writing, down nearly 1% from yesterday’s performance.
According to renowned crypto analyst Transparent-fx, a rejection at $23,000 could push Bitcoin down to the lowest price range of $21,200 to $21,600. However, after a bearish consolidation near $21.5k, the BTC price may again target a breakout above $23,000 by next week.
in the crypto market fell into a downward trend The bears receive a wake-up call to put selling pressure on the price chart. ETH price is experiencing a severe bearish trend, triggering a downward correction at $1,600.
Renowned crypto trader TradingShot predicts that Ethereum price may surge in February. He said there could be support and from there a rally to the September high of $1,795.
XRP is Ripple is a popular altcoin in the market hoping to win the SEC, with its total market cap surpassing $1 billion in the last 24 hours.
Renowned altcoin analyst Marxor predicts a full moon as soon as XRP rises above $0.044. Analysts have noticed similar price trends in 2017. This could boost the token if it follows a historic breakout. XRP price is expected to test resistance again near $0.4321 next week, confirming February’s bullish trend.
Expected by stablecoin launch DJED, Cardano It is performing relatively well among other altcoins as it supports near $0.3468. However, Cardano may remain bearish if the altcoin market does not recover from its current trend. If the 23.6% Fib level is breached, the ADA price may trade at $0.42.
Shiba Inu quantities don’t appear to be declining, so prices are projected to rise. Well-known altcoin analyst MadWhale predicts: SHIB price could skyrocket Down to $0.00003 by the first week of February.
