The appeal of cryptocurrencies persisted in 2021. Cryptocurrencies are now accepted by Goldman Sachs. In April 2021, Coinbase became the first significant cryptocurrency company to go public. The first U.S. exchange-traded fund with a focus on Bitcoin debuted in October of the same year.

The most well-known cryptocurrency, Bitcoin, had a prosperous year. The value of the digital currency has grown by about 70% since the start of 2021, pushing the total market value of cryptocurrencies past $2 trillion.

The majority of the major coins’ values have significantly increased this year, which has been great for the cryptocurrency market. Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP) are three other digital currencies doing well.

If the history of cryptocurrencies is any indication of the future, investors can look forward to an amazing journey.

The important Crypto predictions for 2023 are as follows:

Bitcoin Price Prediction

The current value of Bitcoin is $22,877. Its trading volume was $21.8B in the previous 24 hours, down 2.17%. It currently ranks first in terms of market capitalization, with a value of $441 billion.

Bitcoin has recently been on a downward trend and is currently trading near the $22,700 support level. If it breaks through this level, the price is expected to fall further and may eventually settle at $22,400, which is highlighted by a rising trendline and can be viewed as a potential point of support.

Technical analysis tools such as RSI and MACD have shown signs of an increase in selling pressure, which could lead to the value of BTC falling to $22,350 as its next low point.

According to the 50-day exponential moving average, BTC/USD may encounter resistance near the $23,250 level, and the trend remains bullish. If it rises above $23,250, it has the potential to reach $23,500. This indicates that a rise in value is likely.

Ethereum Price Prediction

Ethereum is currently trading at $1,633 and has dropped 2.02% in the last 24 hours. According to CoinMarketCap rankings, the 24-hour trading volume is $7.5 billion, and it ranks second in terms of market capitalization with a live market cap of $199 billion.

The ETH/USD pair has not changed significantly in the last few days and is currently trading in the $1,610 to $1,650 range. If this level is breached, the price of ETH could reach $1,720.

The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) indicators have recently provided contradictory signals, suggesting that the trend is about to change. One suggests purchasing, while the other suggests selling.

The 50-day Exponential Moving Average for cryptocurrencies has indicated a possible bullish trend. Values greater than $1,620 indicate that coin prices may rise.

Cardano Price Prediction

Cardano is currently auctioning for $0.403. The 1-2-1-2 ramping pattern within the current uptrend rally is one of the key indicators signalling a potential move higher. This pattern appears when the price repeatedly makes higher lows and higher highs.

The stair-stepping price action indicates the open interest in an asset among algorithmic bots, day traders, and smart-money operatives. Price movements can become more intense and volatile as the pattern progresses, creating an environment conducive to a large move.

Divergences on the Relative Strength Index are another factor to consider (RSI). The RSI is a momentum indicator that compares the depth of recent gains to recent losses to determine whether an asset is overbought or oversold.

Cardano is currently showing bullish divergences within the 1-2-1-2 pattern after breaking through overbought conditions. This could be interpreted as a signal to slow down before Cardano’s next leg up.

Cardano could see further gains in the near future based on the current ramping 1-2-1-2 pattern. Since September 2022, the $0.45 zone has represented a convergence of resistance, support, and untagged liquidity levels.

A break below the $0.36 support level could invalidate the bearish thesis. If the breach occurs, the Cardano price could fall toward the $0.30 level of support, representing a 23% increase over the current market value of ADA.

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Cryptocurrency Price Prediction: ETH, BTC, Cardano, 6th Feb 2023

The appeal of cryptocurrencies persisted in 2021. Cryptocurrencies are now accepted by Goldman Sachs....