Ethereum

Bitcoin ETF

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-ethereum-price-predictions-in-a-volatile-market/" data-wpel-link="internal">Bitcoin and Ethereum Price Predictions in a Volatile Market</a><br></p>
<p style="text-align: justify"><a href="https://en.coin-turk.com/bitcoin-price-predictions-as-2023-draws-to-a-close/" data-wpel-link="internal">Bitcoin</a> is once again above the $70,000 mark, yet strong GBTC outflows in the spot Bitcoin ETF channel continue. Data from BlackRock and Fidelity has not yet arrived, but a net outflow of $350 million could stoke concerns from the first day of the week. So, what are the current predictions for Bitcoin and <a href="https://en.coin-turk.com/trumps-crypto-assets-revealed-former-president-holds-250000-worth-of-ethereum/" data-wpel-link="internal">Ethereum</a>?</p> 
<h2 style="text-align: justify" id="bitcoin-btc">Bitcoin (BTC)</h2> 
<p style="text-align: justify">ETFs have seen net outflows for five consecutive days, turning the past week into a nightmare. Considering the pressure from the Fed on cryptocurrencies, this was not surprising. Simultaneously, the process of converting Genesis’s massive GBTC reserves into cash continues.</p> 
<p style="text-align: justify">On the bright side, Goldman Sachs’ latest report indicates that customer interest in Bitcoin has increased with the approval of ETFs. The net inflow of over $11 billion in less than three months confirms this. If Bitcoin avoids massive drops and comprehensive bans or FUD, it should continue to draw demand through the ETF channel.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class=" wp-image-333113 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/Bitcoin-26-Mart-Yorum.png" alt="" width="1223" height="728"></p> 
<p style="text-align: justify">Turning to the price, <a href="https://en.coin-turk.com/bitcoin-strives-to-cement-gains-above-50000-as-analyst-predicts-potential-drop/" data-wpel-link="internal">BTC</a> continues to close above $69,000. This reflects the bulls’ appetite to test the $73,777 level. If the rise continues as “one step back, two steps forward,” the target is $80,000.</p> 
<p style="text-align: justify">Conversely, if the price turns down from its current level, the recent rise will become a bull trap, and altcoin investors will be shocked if the price drops to $59,000. The key support is at $59,098.</p> 
<h2 style="text-align: justify" id="ethereum-price-prediction">Ethereum Price Prediction</h2> 
<p style="text-align: justify">The negativity pumped by ETFs is clearly felt in the price. The SEC implies that it won’t be as straightforward as the BTC ETF. A positive for Ethereum’s price is the reclaiming of the 20-day EMA. As long as the price stays above $3,521, there could be more upside for ETH.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class=" wp-image-333114 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/Ethereum-26-Mart-Yorum.png" alt="" width="1205" height="714"></p> 
<p style="text-align: justify">If the rise continues, the ETH price could set sail towards targets of $3,679 and $4,094. However, closures below $3,679 will dampen optimism, and falling below the 50-day SMA could invalidate the short-term bullish scenario. In this case, we could see a deeper correction towards $2,868.</p> 
<p style="text-align: justify">Experts expecting a test of the $950 billion support for altcoins could see their bearish scenario become a reality with ETH losses.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-and-ethereum-price-predictions-in-a-volatile-market/" data-wpel-link="internal">Bitcoin and Ethereum Price Predictions in a Volatile Market</a></h5>

Bitcoin and Ethereum Price Predictions in a Volatile Market

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