For weeks now, prices of various cryptocurrencies have continued to dip on a Wednesday. The next day continues to offer consolidation while the start of the weekend sees prices accumulate with no serious price actions. The price accumulation of different digital assets will mostly take place in the next 24 hours.
Here is the crypto market outlook for today:
The last 48 hours saw bitcoin down to the $55k region. As with the normal price trends, BTC consolidated during the last 24 hours, recording a high of $58,356.
With the price surge during the last 24 hours, BTC recorded gains of 1.6%. The reduced price action prediction is already taking place as the crypto asset recorded no price change in one hour.
Despite the price trend BTC is following, both factions of traders will love to exert dominance on each other. This will make bitcoin trade between $57,700 and $58,500.
Following the same path as the king coin, ether had an interesting 24 hours as it got as high as it records a low of $1,992 and a high of $2,100. In the last 24 hours, ETH gained more than 2%.
With Ethereum’s strong potential to break its all-time high, every day offers new opportunities. The next 24 hours are not going to be any different and as a result, crypto’s second-largest asset will see more price action in the next trading session.
Due to the grappling between the bears and the bulls, the cryptocurrency will continue to trade between $2,000 and $2,100. Only under extreme bearish dominance will prices drop below this region.
Binance Coin (BNB)
Recently, Binance coin has been in the act of exceeding its laid out high at least every 48 hours. Crypto’s third-largest coin is still in the act as it keeps breaking the previous ATH.
The next 24 hours will also see great price action as BNB breaks attain greater heights. Traders can look forward to seeing BNB hit $430 during the next 24 hours and drop to $418.
More price actions are expected from various cryptos as many are set to break their previous all-time high. Will that happen today?
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