Cryptocurrency Price Prediction: ETH, BTC, Cardano, 3rd Apr 2023

Web Desk

03rd Apr, 2023. 12:15 am
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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

Bitcoin, the world’s biggest cryptocurrency, has seen an increase in price, rising by more than 4% in the last few hours.

However, Bitcoin’s price advantages appear to be fading, and it has lost some of its recent gains.

This could be because some analysts, such as Gareth Soloway of InTheMoneyStocks.com, predict that Bitcoin will fall below $13,000, which has harmed investor sentiment and added to the recent modest losses.

At the same time, Bitcoin’s future looks bright, with experts predicting a price increase.

Former Coinbase executive Balaji Srinivasan has bet $2 million that Bitcoin will hit $1 million in value within 90 days.

Meanwhile, Marshall Beard, Chief Strategy Officer of US bitcoin exchange Gemini, believes Bitcoin will hit $100,000 this year.

As a result, this optimistic view is regarded as one of the critical variables that may aid BTC in limiting its minor losses.

Bitcoin (BTC) has done exceptionally well this year, increasing by 70% and trading at more than $28,400.

Other experts, however, predict that the value of BTC will fall, with Gareth Soloway of InTheMoneyStocks.com predicting a decline to less than $13,000. This bearish forecast may restrict future Bitcoin price increases.

Some experts, on the other hand, are bullish on BTC’s future value, with Balaji Srinivasan predicting that it will be worth $1 million within 90 days and Marshall Beard predicting that it will hit $100,000 this year.

The present Bitcoin price is $28,258, with a $21.4 billion 24-hour trading volume. Bitcoin has dropped roughly 0.20% in the last 24 hours.

Bitcoin is the market leader, with a live market value of $546.3 billion.

The BTC/USD pair is presently exhibiting a volatile trend, with potential resistance anticipated around the $28,900 level, according to technical analysis.

So far, the technical picture has remained relatively stable as Bitcoin’s price has fluctuated around $27,900.

If the BTC/USD pair successfully breaks through the resistance level at $28,950, Bitcoin’s value could rise, possibly hitting $29,200 or even $30,700.

If a downward trend develops, Bitcoin’s price is anticipated to find strong support near $26,600 and $25,200.

Ethereum Price Prediction

At the moment of writing, the price of Ethereum is $1,741, with a critical resistance at $1,819 as investor sentiment indicates liquidity issues.

For the first time in eight years, nearly 90% of the Ethereum supply is now in self-custody. This was last seen in 2015, when Ether (ETH) first appeared.

This is understandable given that investors appear to have lost confidence in centralised exchanges. (CEXs).

Following the CFTC assault on Binance, it appears that investors are actively moving their assets from Binance to cold wallets.

To avoid further losses, Ethereum’s price must remain above the $1,700 support mark.

Failure to do so could result in the biggest altcoin’s market value plummeting to meet the 50-day EMA at $1,644. , and how they resembled the real world.

Unless ETH supporters use the EMAs as a support level, Ethereum price may fall to the $1,240 support level, reclaiming the March 11 lows. This is the most likely mark for a trend reversal.

In extreme situations, however, the price of Ethereum could return to the $1,124 level last seen in November.

In contrast, if bulls make a comeback, possibly spurred by a drop in Bitcoin’s market value, the Ethereum price may rise.

In this instance, the token could break above the $1,819 resistance level before attempting a hand-up against the $1,981 barrier. This would represent a 13.74% increase over the existing price.

Cardano Price Prediction

According to Cardano price predictions, the ADA crypto is currently in a recovery phase and has surpassed key moving averages.

The ADA/BTC pair has dropped slightly, but the Cardano price chart suggests that the cryptocurrency could reach $0.70 if it breaks through the $0.42 resistance level.

Cardano price predictions also indicate that the cryptocurrency could reach $1 by 2030 if it continues to recover.

However, for Cardano price to reach its maximum potential, it must steadily increase and analysts predict that it will fully recover by the end of 2023. As of now,

Cardano price is at $0.3744 and has lost 1.74% of its market capitalization during the trading session, with a drop in trading volume.

According to the Cardano price prediction, the Cardano ADA price is expected to recover by maintaining an upward trend through an ascending parallel channel over the daily timeframe chart.

However, today’s short-selling pressure has caused the Cardano price to struggle in gaining an upward momentum.

The technical indicators suggest a downward momentum of the Cardano ADA price inside the channel.

The Relative Strength Index (RSI) indicates a downward momentum of ADA crypto, with the RSI at 55 and slipping towards neutrality.

Moreover, the Moving Average Convergence Divergence (MACD) shows a downtrend in the Cardano price, although the MACD line is attempting to remain above the signal line after a positive crossover.