Ethereum

Cryptocurrency

Bitcoin

Avalanche

Cryptocurrency analyst il Capo of Crypto shared an update on the price of Bitcoin (BTC), Ethereum (ETH) and Avalanche (AVAX), for which he had previously published his analyses.
According to the analyst, Ethereum price has reached the previously targeted region between $2,900 and $3,000. ETH is trading at $2,970 at the time of writing.
In his statement, il Capo said that ETH is currently at a major resistance point. However, the analyst added that he expects a strong rejection from this level for ETH soon.
However, talking about Bitcoin, the analyst reported that BTC reached a very important peak together with ETH. At the time of writing this article, BTC price is trading at $52,000.
Related News: <a href="https://en.bitcoinsistemi.com/ripple-senior-executive-responds-to-allegations-of-manipulation-in-xrp-price/" target="_blank" rel="noopener noreferrer nofollow">Ripple Senior Executive Responds to Allegations of Manipulation in XRP Price</a>
According to the analyst, altcoins also appear to be overextended and funding rates are also too high. According to the analyst, a 10-20% decline may be observed in the cryptocurrency market in the near future and BTC may drop to $ 45,000.
On the other hand, the analyst, who gave his thoughts about AVAX, stated that he expected a decrease from the current price level of around $ 39 to $ 34 in the first place, and then a sudden movement to the $ 52 region. However, il Capo thinks AVAX will face major resistance between $50-$55 and the subsequent decline could drop the AVAX price to around $23.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/veteran-cryptocurrency-analyst-il-capo-announces-price-targets-for-bitcoin-btc-ethereum-eth-and-avalanche-avax/" rel="noopener noreferrer nofollow">Veteran Cryptocurrency Analyst il Capo Announces Price Targets for Bitcoin (BTC), Ethereum (ETH) and Avalanche (AVAX)</a>

Veteran Cryptocurrency Analyst il Capo Announces Price Targets for Bitcoin (BTC), Ethereum (ETH) and Avalanche (AVAX)

Bitcoin Sistemi EN

Other articles published on Feb 20, 2024

Web3 Firm Hack VC Secures $150 Million Investment for Venture Fund

Bitcoin Bull Michael Saylor Says He Will Be Buying BTC "Forever"

ApeX Protocol Partners with Alertatron to Enhance Automated Trading Capabilities (20 Feb)

Starknet Confronts User Downturn Before Major Token Release

Record-breaking month for Bitcoin ETFs in market debut; rising memecoin could outshine Cardano

DeeStream (DST) gains Solana (SOL) & Tether (USDT) holders as streaming platform set for big gains

Join our free newsletter for daily crypto updates!