Tuesday, June 28, 2022
BLOCK PATRIOT
  • Home
  • News
  • Bitcoin
  • Ethereum
  • BNB
  • Blockchain
  • Altcoins
  • ADA
  • Regulation
  • NFT
  • Crypto Mining
No Result
View All Result
BLOCK PATRIOT
No Result
View All Result
Home Ethereum

How Low Will Bitcoin and Ethereum Prices Go? 3 Experts Give Us the Numbers

blockpatriot_155fa6 by blockpatriot_155fa6
June 16, 2022
in Ethereum
0
How Low Will Bitcoin and Ethereum Prices Go? 3 Experts Give Us the Numbers
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money.

It’s been a bad week for the crypto market. For investors, the big question is how low will crypto prices go?

After the prices of bitcoin, ethereum, and other cryptocurrencies saw big drops this week, several experts say it could get even worse amid a broader investor sell-off of risky assets. The price of bitcoin fell more than 30% over the last week to just under $21,000, and Ethereum followed a similar trend. The second-largest crypto dropped close to $1,000 Thursday. 

The stock market rallied Wednesday afternoon after the Federal Reserve raised interest rates by 75 basis points, the largest increase since 1994. But the crypto market didn’t follow, which could be “a troubling sign for some investors,” according to Edward Moya, a senior market analyst at OANDA.

“Bitcoin was unable to muster up a rally despite a broad rally on Wall Street following the Federal Open Market Committee (FOMC) decision. If a big rally on Wall Street can’t excite crypto traders, bitcoin could be in trouble,” Moya says. “The $20,000 level is holding, but it looks like no one wants to jump back in on the crypto trade.”

Many experts are warning this may be the beginning of a “crypto winter,” an extended period when prices fall and remain low, such as they did in between early 2018 and mid-2020. If bitcoin drops below $20,000, several experts predict it could go far lower. 

Having fallen more than 30% over the last week, investors are wondering where the bottom may be for bitcoin as well as other digital assets.

How Low Will Bitcoin and Ethereum Go? 

Bitcoin first slipped below $30,000 last week, declining steadily to $25,000 by Sunday before making a substantial fall to $21,000 on Monday. The largest crypto slid down further to $20,000 on Wednesday and continued to hover near that range Thursday. Ethereum reacted similarly, falling as much as 30% over the last week to a new 18-month low of $1,000. 

As the two most well-known cryptocurrencies on the market continue to tumble, you may be wondering just how low bitcoin and ethereum could go and whether you should buy the dip. While it’s impossible to say with certainty, many crypto experts have a sense of where bitcoin and ethereum could bottom out based on technical charts and historical data. Here’s how low bitcoin and ethereum prices could go in the coming weeks or months, according to these three experts:

Kiana Danial

Kiana Danial

Point of view: Entrepreneur and author of “Cryptocurrencies for Dummies”

Bottom projection: Bitcoin could go as low as $11,000

Why: The crypto market is in the midst of a bearish sentiment cycle as investors are largely retreating from risky assets. Several factors are driving negative sentiment in the stock and crypto markets right now including inflation, a shaky stock market, rising interest rates, and recession fears. As a result, bitcoin has dropped by nearly 70% from its all-time high of $68,000, breaking below several key technical levels over the last few weeks. Crypto prices could continue to tumble if the shaky macroenvironment doesn’t improve in the near term.

Wendy O

Wendy O

Point of view: Crypto expert and educator

Bottom projection: Ethereum could fall to $750

Related articles

ETH Price Analysis: Here’s the Level Ethereum Needs to Break to Extend Bullish Relief

ETH Price Analysis: Here’s the Level Ethereum Needs to Break to Extend Bullish Relief

June 28, 2022
New York’s Times Square To Be Replicated In Sandbox Metaverse World; Ethereum Down 4%

New York’s Times Square To Be Replicated In Sandbox Metaverse World; Ethereum Down 4%

June 28, 2022

Why: The price of Ethereum now is almost equal to its price in at the start of 2021. Generally, in bear markets, ethereum and bitcoin can drop up to 85%, says O. Ethereum hit an all-time high in November 2021 at roughly $4,800, so an 85% correction would lead to around $750. However, it’s not going to be a straight shot down. According to O’s technical analysis, there are several resistance support levels at $1,700 and $1,885, so we’ll likely see a volatile reversal upward before ethereum completely bottoms out.

Kavita Gupta

Kavita Gupta

Point of view: Venture capitalist and founder of Delta Blockchain Fund

Bottom projection: Bitcoin could drop to $14,000, and ethereum could fall to $500

Why: Crypto winter is here, and we’re unlikely to see a meaningful rally for the next 12 to 18 months. Fears of recession are pushing investors to liquidate risky assets, and the collapse of Luna and TerraUSD last month and lender Celsius pausing withdrawals this week have further eroded confidence in the space. If the broader market sell-off deepens, Gupta expects there will be more collapses in the crypto space. That, in turn, could further erode investor confidence in the crypto market and prices could fall even lower.

This Week’s Crypto Crash: Should You Buy The Dip?

There’s never a “perfect” time to start investing as it’s impossible to time the market. But experts say now could be a good time to get in the market while prices are low — after you’ve assessed your risk tolerance (crypto is highly speculative) and covered other financial priorities, like saving for an emergency and investing in a more traditional retirement fund. Potential investors looking to buy into this week’s dip should understand that fluctuations are par for the course, and be prepared for this kind of volatility going forward.  

Even if you invest now, with prices relatively low, be prepared for them to fall even more. That’s why it’s important to only put in what you’re comfortable with losing. Experts generally recommend allocating less than 5% of your portfolio to crypto investments.

If you’re planning to buy the dip, you may be wondering which cryptocurrencies to invest in. Though the potential growth of ethereum and bitcoin are highly speculative, they are still among the best cryptos you can invest in right now, according to NextAdvisor’s Investability Score and experts we’ve spoken to over the last year. Bitcoin and ethereum are the two largest cryptocurrencies by market cap and exchange volume, making them good options if you are just starting a crypto investment journey.

Bitcoin has the highest score of all cryptocurrencies, with ethereum right behind. Here’s how our score shakes out for 10 cryptocurrencies that are consistently among the top by market cap, excluding stablecoins, for reference:

COIN NEXTADVISOR INVESTABILITY SCORE
Bitcoin (BTC) 81/100
Ethereum (ETH) 69/100
Solana (SOL) 57/100
Cardano (ADA) 55/100
Polkadot (DOT) 54/100
Avalanche (AVAX) 53/100
TRON (TRX) 52/100
XRP (XRP) 51/100
Binance Coin (BNB) 50/100
Dogecoin (DOGE) 39/100
Updated June 16, 2022



Source link

Tags: BitcoinEthereumExpertsGiveNumbersPrices
Share76Tweet47

Related Posts

ETH Price Analysis: Here’s the Level Ethereum Needs to Break to Extend Bullish Relief

ETH Price Analysis: Here’s the Level Ethereum Needs to Break to Extend Bullish Relief

by blockpatriot_155fa6
June 28, 2022
0

The bulls have dominated the market for the past few days. A 40% growth in 10 days can surely be...

New York’s Times Square To Be Replicated In Sandbox Metaverse World; Ethereum Down 4%

New York’s Times Square To Be Replicated In Sandbox Metaverse World; Ethereum Down 4%

by blockpatriot_155fa6
June 28, 2022
0

TimePieces, the non-fungible token (NFT) project by Time Magazine, has reportedly struck a deal with Sandbox, a metaverse world, to...

Ethereum’s new version is still on track for 2022

Ethereum’s new version is still on track for 2022

by blockpatriot_155fa6
June 27, 2022
0

Ethereum, the world's second largest blockchain, should switch over to a completely new version this year, one that will change...

The Investor’s Guide to the Ethereum Merge

The Investor’s Guide to the Ethereum Merge

by blockpatriot_155fa6
June 27, 2022
0

As the demand for Ethereum grew, the blockchain’s core architecture started to show signs of congestion and high gas fees...

Bitcoin uses 56 times less energy than classical system

Bitcoin and Ethereum rise; Celsius prepares for bankruptcy

by blockpatriot_155fa6
June 27, 2022
0

Bitcoin and Ethereum rise; Celsius prepares for bankruptcy - Daily Times We use cookies to ensure that we give you...

Load More
  • Trending
  • Comments
  • Latest
Spool offers premium returns on Stablecoins thanks to Smart Yield Generation

Spool offers premium returns on Stablecoins thanks to Smart Yield Generation

May 17, 2022
Interview with CryptoSpacePunks NFT

Interview with CryptoSpacePunks NFT

April 28, 2022
Solve.Care Foundation CEO Pradeep Goel to Speak about Blockchain Technology in Healthcare at GBA’s Blockchain & Sustainable Economic Growth Conference

Solve.Care Foundation CEO Pradeep Goel to Speak about Blockchain Technology in Healthcare at GBA’s Blockchain & Sustainable Economic Growth Conference

May 15, 2022
Interview with Messengers of Eden NFT

Interview with Messengers of Eden NFT

May 20, 2022
CyberCapital CIO Highlights Why Cardano Is Lagging Behind Other Networks

CyberCapital CIO Highlights Why Cardano Is Lagging Behind Other Networks

0
Crypto Markets Lost $80B as Bitcoin Dumped to 40-Day Lows (Market Watch)

Crypto Markets Lost $80B as Bitcoin Dumped to 40-Day Lows (Market Watch)

0
Mastercard’s Head of Crypto Not Concerned About Threat From Blockchain Technology

Mastercard’s Head of Crypto Not Concerned About Threat From Blockchain Technology

0
Bitcoin, Ethereum and finding the middle ground with maximalism

Bitcoin, Ethereum and finding the middle ground with maximalism

0
BTC, ADA, BNB, SOL and MATIC Price Analysis for June 28

BTC, ADA, BNB, SOL and MATIC Price Analysis for June 28

June 28, 2022
ETH Price Analysis: Here’s the Level Ethereum Needs to Break to Extend Bullish Relief

ETH Price Analysis: Here’s the Level Ethereum Needs to Break to Extend Bullish Relief

June 28, 2022
What Are The Different Types Of Crypto Mining

What Are The Different Types Of Crypto Mining

June 28, 2022
Can People Become Addicted to Crypto?

Can People Become Addicted to Crypto?

June 28, 2022

Recent News

BTC, ADA, BNB, SOL and MATIC Price Analysis for June 28

BTC, ADA, BNB, SOL and MATIC Price Analysis for June 28

June 28, 2022
ETH Price Analysis: Here’s the Level Ethereum Needs to Break to Extend Bullish Relief

ETH Price Analysis: Here’s the Level Ethereum Needs to Break to Extend Bullish Relief

June 28, 2022

Category

  • ADA
  • Altcoins
  • American Women VS Russian Women
  • Are Mail Order Brides Legal
  • Asian Girl Stereotypes
  • Bitcoin
  • Blockchain
  • BNB
  • Crypto Mining
  • Dating Tips
  • Do Latina Women Like White Men
  • Ethereum
  • Find A Woman To Date
  • Find Wife From Ukraine
  • Game Emulators Roms
  • How To Attract A Woman Online Dating
  • How To Find Someone In Another Country
  • International Marriage Websites
  • Legitimate Foreign Dating Sites
  • Mailorder Brides Cost
  • Manifesting A Relationship
  • News
  • NFT
  • Regulation
  • Uncategorized
  • Where To Find Your Future Wife
  • Why Are Ukrainian Women So Beautiful
  • Windows 11 Reparieren

Find Via Tags

ADA Altcoin Altcoins Analysis Announces Binance Bitcoin Blockchain BNB BTC Business Buy Cardano Coin CoinDesk Crash Crypto Cryptocurrency DeFi digital Dogecoin ETH Ethereum Finance Heres Interview Inu investors Launches Market Metaverse mining News NFT NFTs Price Prices Regulation Shiba Solana Support Today Token Top XRP

© 2022Block Patriot

No Result
View All Result
  • Home
  • News
  • Bitcoin
  • Ethereum
  • BNB
  • Blockchain
  • Altcoins
  • ADA
  • Regulation
  • NFT
  • Crypto Mining

© 2022Block Patriot