Cryptocurrencies last week saw significant gains and after Bitcoin reached $20,000 at the end of last week, it headed towards the $21,000 level over the past 7 days.
What are the expectations of the price of Bitcoin and Ethereum, according to market fluctuations in the coming days?
According to the cryptocurrency forecast, Bitcoin has yet to see a daily close above the 21,300-21,400 range and this week the impact of the CPI data remained limited as sales were lower than expected and risk appetite eased slightly.
The negative conditions prevailing this week caused the optimism of cryptocurrency to recede as the market was nervous due to the expectation of a major announcement by the US Department of Justice.
Genesis went bankrupt and the negative impact of its bankruptcy is still limited and Bitcoin did not manage to surpass $21,300 this week, which led to its investors reducing their activity after its price stabilized near $21,000.
The upcoming week is expected to see an increase in buying volume and BTC could move towards the $22,800-$24,700 range.
Ethereum made gains after dropping to $1,500 in the middle of the week and the digital currency Ethereum reached the $1,550 level.
It is expected that the Ethereum digital currency will remain within the range between $1,510 and $1,520, and if it maintains this level, moves towards the $1,600 range will be monitored, and if the daily closing occurs above this value, the price trend of the digital currency will be bullish, and Ethereum may move towards a range. $1,760 - $1,940.