During this Bitcoin lunch, we will, of course, take another look at the live Bitcoin (BTC) price and the prices of the top 25 crypto. We also look at the crypto market’s results over the past week and month. Then we look ahead. What is the impact of the FED interest rate decision on the crypto market and what are the Bitcoin (BTC) key prices? It’s bob or it’s crooked! Are you profiting right now?
We start of course with the live Bitcoin (BTC) price and the prices of the top 25 crypto.
Live bitcoin (BTC) price and prices top 25 crypto drop
At the time of writing, the live Bitcoin (BTC) price is quoting EUR 21,581.85 ($22,049.02). This is 2.60% lower than yesterday around this time and 6.21% lower than during our Bitcoin lunch last Friday.
The prices of most of the crypto in the top 25 are also falling. Apart from some stable coins, all prices are turning red. The biggest loss is currently -7.16% for Avalanche (AVAX).
Crypto results week 29 and month
Despite the bad start to the week, we look back at a good crypto result over the past 7 days. We see only a few red numbers. Tron (TRX) lost the most with -3.26%. The biggest gain in the past week was for Ethereum Classic (ETC) with +25.34%. How this came about we explained earlier. Bitcoin (BTC) posted a 5.32% return in the past week.
The past 30 days also went positively for most crypto currencies. Bitcoin (BTC) posted a result of +3.15%. There were some reds, with Polkadot (DOT) closing the top 25 withe a result of -13.66%. The headliner over the past 30 days was once again Ethereum Classic (ETC), which was able to record a return of 49.06%.
On the site of Tradeincrypto.com you can analyze all results and all live crypto prices 24 hours a day.
Bitcoin (BTC) forecast for the coming week
Looking ahead, we see that the coming week promises to be particularly exciting. By far the most important event is the announcement of the FED interest rate decision next Wednesday. In addition, many tech companies are announcing their numbers and given the correlation with Bitcoin (BTC), that will also be a trendsetter for market sentiment.
With today’s price drop, Bitcoin (BTC) is starting this exciting week with a lag. Indeed, the price shot below the crucial 200-week moving average level (at $22,800.00) and thus a bearish trend seems to be in the making. The fact that other indicators such as the MACD and RSI are again indicating bearish does not help.
Also the mining difficulty is getting lower and the MVRV-Z shows that the Bitcoin (BTC) price is about right (not ‘overbought’ or ‘oversold’). However, this indicator also hints at price pressure.
These are the Bitcoin (BTC) price key quotes
So at the moment we see a downward trend. In the short term the support levels are at $21,800, $21,600 and $21,500. If these are negatively broken we should expect a quick BTC price drop to perhaps $ 20,500 or even $ 20,000.
Due to the price drop, several old support levels have become resistances. With that we see resistances at $22,500.00, $23,000.00 and $24,000.00. This also means that the ranges for the Bitcoin (BTC) price are getting narrower, which will inevitably lead to a breakout.
Once again, then, it becomes a matter of setting yourself up to make money in an uncertain market.
Tomorrow we look ahead and analyze how the BTC price may react to the Fed interest rate decision.
Are you taking immediate advantage of our BTC forecast?
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With all the movement in the crypto market coming up, you can of course compete for free for those great prizes. How easy this is you can read here.
Are you curious about the price expectations for other investments?
So we see that there is an exciting week with a lot of volatility in the crypto market. In addition to crypto, there are of course many other investments, such as stocks, government bonds, gold, oil and FOREX. How the price forecast is there we shared this morning in our analysis ‘the price forecast’ on MANNERS.co.uk.
Want to stay up to date with the latest price developments?
You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”