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Bitcoin, Ethereum, and Ripple Price Predictions: Crypto losses limited as markets recover
Following the Fed’s cold shower, the Bitcoin price has kept losses to a minimum.
Bulls are defending monthly S2 in Ethereum price action, and the pair is due for another challenge above $2,695.
As momentum turns in their favor, XRP bears are no match for bulls.
Bitcoin fell during the US trading session as the Fed signaled to investors that it expects to raise interest rates again in 2022. Bulls, on the other hand, have kept price activity in check since then. The other two heavyweights, Ethereum and Ripple, are following a similar pattern, with each finding firm support around a technical aspect and the Relative Strength Index (RSI) flatlining, opening the way for bulls to begin an uptrend.
Bitcoin is now trading at $36,709 and may recoup territory above $39,780 by the end of this week
As markets rolled over following Fed Chairman Powell’s remarks, the price of Bitcoin (BTC) remained relatively stable. Markets rapidly shrugged off the negativity and are looking forward to the fact that fundamentals remain robust and that no risk bubbles are imminent. With that overall view, investors are now coming in ‘big’ and purchasing for the…
