Bitcoin Cash

Solana

Bitcoin

Billion

<p>The post <a href="https://coinpedia.org/price-analysis/crypto-market-prediction-for-coming-week-whats-in-store-for-bitcoin-and-altcoins/" rel="noopener noreferrer nofollow">Crypto Market Prediction For Coming Week: What’s in Store For Bitcoin and Altcoins</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>As the bears take over the night, Bitcoin and altcoins face a tremendous increase in supply pressure. This resulted in a massive liquidation of almost $900 Million this Friday, per Coinglass.&nbsp;</p>
<p>Amidst the crash, Bitcoin lost dominion over the $70,000 critical level and started a domino fall in the altcoin market. The total crypto market cap, excluding Bitcoin, fell by 8.13% last night, dipping under the $1 Billion mark for a moment.&nbsp;</p>
<p>Currently, the markets are bouncing back, and the long-to-short accounts ratio presents an optimistic future. Per <a href="https://www.coinglass.com/LongShortRatio" rel="noopener noreferrer nofollow">Coinglass</a>, the long/short ratio on the biggest exchange, Binance, favors the bulls with 66% long accounts.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/lPbFjap2paMj-sGabiy1bJgRHIa7ri_HN0dGTRyXt6IZcRr658yAKxcqtMD6bzX09MXOPGmocabHyW8ABdw5uSYLK42bHLXQ2TlpP6VQy7YhdY_DP4StjtzfDBFyEZholhWQT3atrWSWETkzu_CJMhk" alt="">
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<p>With the market’s one-sided optimism rising back, Bitcoin and altcoins could find a reversal spot over the weekends.&nbsp;</p>
<h2 class="wp-block-heading" id="h-bitcoin-price-prediction">Bitcoin Price Prediction</h2>
<p>Despite the drop under $70K, the BTC price sustains a bullish flag in the daily chart. Further, the market value is well above the 50D EMA average line with a lower price rejection candle.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/xKy1jtqZm4UlAGcWNEDsDNpUxS4iyi_qnHhn51Wz54TYN1tDhTa4mG92-f-QO_TAwliVr00JGbgcny_MBiYlFdWMo8F7yzPS3MxMCqnL5BbpwdTPFPgIhCUt_JXBW1qpy1WK98xT9pgnI6irCzvvgxE" alt="">
</figure>
<p>The intraday candle shows a Doji candle rising above the 23.60% Fibonacci level. This bolsters the speculation of a morning star pattern at a crucial support level to ignite a bull run next week.&nbsp;</p>
<p>Hence, the coming week promises a potential spark in buying pressure to surpass the overhead trendline. With this, the BTC price could hit the $76,000 mark next week.&nbsp;</p>
<h2 class="wp-block-heading" id="h-dogecoin-doge">Dogecoin (DOGE)</h2>
<p>The biggest meme coin stands its ground with a rising channel in action. The 10% downfall overnight, followed by a 2.65% intraday drop, challenges the ascending support trendline.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/FO3p1K-I-xhjAO-xd9oMFFYFzuDMqB1N-5DLxEn0uKrkUBInwy0Az-rP5Wi8Yr-OQDrujrq2N9Mu_CuaG8Xbi_lMAkpEC1R0k3B7Zi40UL4lpOSBCnJ4l0kpEkgH6QgF486sg_Qi36IVTCw4bUi_G-U" alt="">
</figure>
<p><a href="https://www.tradingview.com/x/oJMnkobp/" rel="noopener noreferrer nofollow">Tradingview</a></p>
<p>Further, the quick drop tests the dynamic average line of the 50D EMA. Hence, multiple bullish supports are combined to halt the bear crash.&nbsp;</p>
<p>If the biggest meme coin makes a comeback next week with a bullish turnaround, the meme coins could find an additional boost. Hence, the meme altcoins might see a bounce back in the coming week.&nbsp;</p>
<h2 class="wp-block-heading" id="binance-bnb">Binance (BNB)</h2>
<p>With just a 1.49% drop last night, Binance’s native token, BNB, stays resilient in the market-wide crash. The BNB price action sustains an ascending triangle pattern by avoiding a crash under the support trendline.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/c3uCusFvHcLhoPVEaBRnSg2wljXUV1rghgJl-kxZrWgkhvfDdStcDEXyjFas0HExq3MLLrQ7dZguogSkA-nfKDFLRsFrRIOnCrk2Oymhja9aukwvky-kk1q-WKF5l1VV-yQGOAHAq2THwa2YJ7I0abQ" alt="">
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<p>With the overhead ceiling at the psychological barrier of $650, the BNB price eyes a breakout rally next week. The long-tail candles reflect high reversal chances, bolstering the breakout possibility.&nbsp;</p>
<p>As per the trend-based Fibonacci levels, the breakout rally could easily snatch the $743 level.&nbsp;</p>
<h2 class="wp-block-heading" id="h-solana-sol">Solana (SOL)</h2>
<p>With a less fortunate day than Binance, Solana’s market price dropped by 11% in the crash. The altcoin is down by 25% in the last two weeks, losing the 61.80% Fibonacci level.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/i4g3opONgfrv-IiH8kegyqOlpGeYpsNOtX5cQOnSGxqA-X7oJkOUZAx7DjlFUAEOqYn5Fc1IGDyihthUSecNZxFgES5j-w_tCgF-zb5DoD71n5TSsAqzQW24yc3ToEHYWPqmDeM_GRnMFPfgSD2PTJ8" alt="">
</figure>
<p><a href="https://www.tradingview.com/x/RtQGaBG6/" rel="noopener noreferrer nofollow">Tradingview</a></p>
<p>With the downfall, SOL price trend approaches the 50% Fibonacci level, a crucial support level at $130. Currently, the altcoin is at a pivotal stage as it stands at the psychological mark of $150.&nbsp;</p>
<p>If the uptrend manages to bounce back next week, the altcoin can resurface above $200. However, a bearish win at $130 will prove fatal for the altcoin.&nbsp;</p>
<h2 class="wp-block-heading" id="h-bitcoin-cash-bch">Bitcoin Cash (BCH)</h2>
<p>The well-known Bitcoin alternative, BCH price lost 21% of its market value this week, with a 13% drop last night. The downfall creates an evening star pattern in the weekly chart, threatening the recovery rally in Bitcoin Cash.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/T4ndC1F_VpExAn7lY3duPaC5ponsC0tdDP0panV6nJcehWFN2jgFStCxqDxrcM5mpahcuj1QkhUbdavFX-YSq42G4_GZkLs6JCKE6yMGRMIrXfczPPjdWoyfc3l8chBy2zWnEIA9LgtiaeL7GpomAQc" alt="">
</figure>
<p><a href="https://www.tradingview.com/x/skAI7ZcO/" rel="noopener noreferrer nofollow">Tradingview</a></p>
<p>The evening star fractures the 38.20% Fibonacci level and even the $550 mark. Currently, the BCH price trades at $535 and struggles to find a support zone. With the next level in sight at $500 or $410, the downside risk is high in Bitcoin Cash.&nbsp;</p>
<p>However, a bounce back in Bitcoin can fuel a reversal in BCH to reach the psychological mark of $1000.</p>

Crypto Market Prediction For Coming Week: What’s in Store For Bitcoin and Altcoins

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