The crypto space is making progress after experiencing a generally bearish market. As Bitcoin price is set its foot to surpass $50k after a much-awaited golden cross. And most other prominent altcoins are finding their new equilibrium. Ethereum price has formed a crucial support zone between $3200 and $3400 and Cardano price near $2.40.
Bitcoin (BTC) Price Prediction:
At the time of writing, the BTC price is trading at $48635.75 at the press time. The price is up by 2.19% in the last 24 hours. Crypto analyst Micheal Van De Poppe in the latest video update says
“If the market is going to reverse, BTC price will go all the way back to initial levels if not many buyers show interest to purchase,”
Signalling that some buyers are stepping in on higher levels through which BTC gets great support levels. He went on to say BTC price holds a crucial support zone between 46k and 47k. And he further added if the Bitcoin price breaks at a crucial resistance level at $50k, it will rally towards new ATH.
Ethereum (ETH) Price Prediction:
The ETH price smashed the $4000 mark for the first time since May on September 3rd. The reclaim is important as ETH lost more than half its value in the May market crash.
As Ethereum price finds resistance between $3200 and $3400. ETH might be walking on the path of Bitcoin, notes Van De Poppe. Analyst predicts that Ethereum, like Bitcoin, if it successfully retests at $3400, then the price has the strong potential to hit $3840.
Cardano Price Prediction:
According to popular cryptocurrency analyst Micheal Van de Poppe, who believes ADA price has the strong potential to reach new highs. Analyst tells his 127,000 followers that at this stage Cardano price is not too great of price action. He addressed ADA’s price spike from $1.9 to $3.10 in the month of August.
The analyst went on to say, ADA price is forming a new equilibrium at $2.40 after the launch of the Alonzo hard fork. And that is usually going with a slight corrective move. As long as Cardano is going to stay above the immediate major support level at $1.90, the price is going to continue moving right, further added.
Overall, the future looks bright for these three coins. If strong fundamentals support price action, then we can expect a huge price surge in the coming bull cycles. Bitcoin price, Ethereum price and Cardano price seem to have a long way to go.
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Source: https://coinpedia.org/price-analysis/bitcoin-ethereum-cardano-price-poised-for-a-breakout/
