Surprising Bitcoin and Ethereum Predictions from 5 Analysts!

Bitcoin and Ethereum had a short break after reclaiming critical resistances in one breath. The entire market is on a break right now. In this article, let’s examine the predictions of 5 analysts who take a look at the current levels.

Jason Pizzino doesn’t want to see Bitcoin at this level

Popular analyst Jason Pizzino examines the possibility that the crypto market has already bottomed out. In his new analysis, he says that if Bitcoin breaks above the high reached in August, it is unlikely to drop to $10,000. On the upside targets, the $23 and $23,200 region will be critical, according to Pizzino.

Jason Pizzino says 3 digits are far away for Ethereum

Pizzino, who also looks at Ethereum, says it is now showing “much more strength” and it is unlikely that it will drop below $500:

It definitely shows a lot more strength for ETH… Consolidation was above the previous region. ETH is rising, above the roughly $1,500 zone. So if we’re waiting for $300, 400, 500, you’ll probably forget about them right now.

Van de Poppe updates Ethereum forecasts

Meanwhile, Michaël van de Poppe said that he is facing resistance at the $1,600-1,650 level in his current ETH analysis. The cryptocurrency analyst mentions in a tweet:

It may question whether we will continue the rally and clearly we need to break this resistance and then face $1,750. In the short term, I would love to enter around $1,400-1,450.

The analyst adds that Bitcoin is still within the resistance level as it rejected around $20,800 and the long-term framework also rejected at $20,750.

Bitcoin predictions: November Fed meeting will be critical

Edward Moya, senior analyst at OANDA, said US inflation data showed the “economy is weakening”. Moya noted in her recent analysis:

The economy still seems to be heading for a recession. however, this could strengthen Fed pivot calls, which still seem to be returning some entries to equities.

More prominent cryptocurrencies include Dogecoin, Tesla Inc. continued its upward march.

“Weaker dollar”

Meanwhile, another popular crypto analyst, Justin Bennett, touched on the dollar index, a measure of the dollar’s strength against six rivals. The analyst asked if the dollar index “everyone’s excited low high and low low” was just the beginning of a bull flag with a 120-measured target. He also added:

This is not a trend I want to fight without the higher timeframe invalidation we don’t have.