Cryptocurrency Price Prediction: ETH, BTC, Cardano, 10th Dec 2022

The cryptocurrency market is no different. As one of the most important contributors to the financial world, cryptocurrencies have enabled many people to earn significant amounts of money through digital assets.

Cryptocurrency, also known as crypto-currency or crypto, refers to any type of digital or virtual currency that secures transactions with cryptography.

To track transactions and create new units, cryptocurrency uses a decentralised system rather than a central issuing or regulating authority.

Ethereum Price Prediction

Ethereum’s price has clearly retraced to the $1,202 to $1,218 demand zone. This action makes it easier for potential buyers to take the next step. The result can be seen in ETH, which has gained 1.7% so far this year.

A recovery above Monday’s low of $1,246 will signal a future resurgence of buyers. This could indicate that the Ethereum price is improving. In this case, the targets are $1,280 and Monday’s high of $1,305.

While the price of Ethereum is rising, a break of the $1,195 support level will invalidate the bullish thesis and send ETH to $1,073.

Bitcoin Price Prediction

At the time of writing, Bitcoin had fallen from a high of $17,430 to a low of $16,655, collecting sell-stop liquidity below the swing lows of $16,607 This is a clear sign of market manipulation, and a reversal above $16,881 will signal the beginning of the next leg up.

In such a case, Bitcoin’s price could begin a rally back to $17,593. In some cases, this relocation could cost up to $19,235.

Whatever the bullish outlook, a four-hour candlestick close below the $15,894 swing low will invalidate the optimistic scenario. This movement could lead to a sweep of the equal lows at $15,443.

Cardano Price Prediction

The cost of ADA increased from 2020 to the beginning of 2021. Between the lows in 2020 and the highs in 2021, the price of Cardano increased by up to 18,000%. In this regard, traders should rule out the possibility of a quick rebound to record highs above $3.00 in 2023.

The fundamentals of Cardano remain strong, and the network is among the most decentralised and advanced in the cryptocurrency industry. In contrast, the macroeconomic environment must be favourable. This does not always indicate a healthy economy.

The Covid-19 pandemic shook the world in 2020, forcing governments to implement significant fiscal and monetary stimulus. The price of cryptocurrencies and risky assets in general rose as a result of this stimulus. It’s not out of the question that central banks, which have aggressively raised interest rates this year, will begin to lower them again. Many economists predict a devastating recession in 2023, and inflation is under control in large economies such as the United States.

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Cryptocurrency Price Prediction: ETH, BTC, Cardano, 9th Dec 2022

The cryptocurrency market is no exception. Cryptocurrencies, as one of the most...