1647025030 Crypto lunch price BTC and crypto flat Weekend view BTC

Crypto lunch: price BTC and crypto flat: Weekend view BTC, Matic and ETH

Meanwhile, we get ready for the last lunch of the week. We look at the live Bitcoin price and the prices of the top 25 crypto. In addition, we look at conflicting signals for Bitcoin (BTC) and Polygon (MATIC). Finally, we look at the Ethereum (ETH) outlook.

We begin, of course, with the live Bitcoin price and the prices of the top 25 crypto.

Live Bitcoin price and prices top 25 crypto flat

At the time of writing, the live Bitcoin (BTC) price is quoting EUR 35,429 ($38,923.17). This is 0.45% lower than during our crypto lunch yesterday.

The prices of the top 25 crypto also show a remarkably flat picture, with small increases and decreases alternating. Bearish exception is Shiba Inu (SHIB), which is losing 1.95%. Bullish exception is Polkadot (DOT) with + 5.13%. On the site of Tradeincrypto.com you can analyze all live crypto prices 24 hours a day, including the whole weekend.

With this silence, which in the crypto world is soon before a storm, the question is what to expect this weekend. We see conflicting signals on this

Conflicting signals for Bitcoin and crypto

For example, for Bitcoin we see that whales (large investors) are withdrawing large sums from exchanges and putting them into private wallets. This is a signal that they do not want to sell and are therefore speculating on (strong) price appreciation. In the past 24 hours, a billion dollars’ worth has already been booked away.

Opposite this bullish signal is the fact that people in the futures market are increasingly taking short positions. If experts apply their analysis to this, we see that the price of Bitcoin could fall towards $35,000 as a result. Incidentally, investing in so-called derivatives such as options and futures is becoming increasingly popular. In the Netherlands, too, large players are trying to capture a share of that market. Among them is Huobi Exchange, about which our colleagues at Tradeincrypto.com wrote an introduction.

As we see more often, the prices of many crypto currencies move in correlation with the BTC and therefore the market is waiting. We estimate that the direction of Bitcoin this weekend will determine the direction of most other crypto.

Crypto signals are confusing for Polygon (MATIC) as well

However, some crypto currencies have less correlation with Bitcoin. This is especially true for the so-called Ethereum (ETH) killers like Polygon (MATIC). However, we also see individually contradictory signals for this crypto currency.

Indeed, based on the fundamental factors, there seems to be investor reluctance. Since the last update, the network behind the coin has been suffering from major malfunctions and this is obviously not good for investor confidence.

On the other hand, based on technical analysis, this crypto is facing a bullish breakout that could push the price up to 36%. In the analysis below you can see why.

For now, investors seem to be placing a little more value on technical analysis. Indeed, the live Polygon (MATIC) price is $1,442 and that is 1.05% higher than yesterday around the same time.

Will Ethereum (ETH) chase its bulls away?

We see that the Ethehrea (ETH) is moving between increasingly narrow ranges. For example, the first major near-term support level is at $2,500 and the first major resistance level is at $2,650. We see that the second largest crypto is currently quoting a price of $2,627.44. This is 1.53% higher than yesterday, making sentiment seem bullish.

However, we also see conflicting signals for this crypto. Indeed, based on technical analysis, we have to take into account that the market is not strong enough to break through resistance. In that case, a correction and sentiment change seems obvious. Based on technical analyses we should then take into account that the price could drop to $2,000, as you can see below.

So all in all, we expect an uncertain market over the weekend, but even then there are tips to optimize returns.

Staying up to date with the latest stock 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.”