Here’s What’s Next For Bitcoin and Ethereum Prices

Bitcoin Price Analysis

• Bitcoin is currently trading at $27,970 after dipping below $28,000.
• Cryptocurrency analyst predicts a possible retracement to the lower level price range of $26,500.
• Ethereum must hold the crucial $1,800 level or it could drop as low as $1,750.

Bitcoin Price Forecast

The price of bitcoin has entered a phase of consolation and is holding inside a narrow range beneath the $28,800 resistance level. Trader Altcoin Sherpa said that Bitcoin’s price may fall by around 6% and it may continue to fluctuate between $27,000 and $28,000 before making a substantial shift. He also warned that Ethereum must hold the crucial $1,800 level or it could drop as low as $1,750 and added that ETH will likely rise into the $2,000 range if it holds the $1,800 level. Moreover, he forecasts a potential comeback for Dogecoin using Fibonacci retracement with 200-day EMA at the .786 fib level ($0.0824).

Twitter Changes Icon to DOGE Logo

Twitter changed its icon to the DOGE logo which caused Dogecoin’s value to increase by more than 30%. The meme token’s value is dropping now since then as trader Altcoin Sherpa suggests one of these areas should bounce but he doesn’t know where yet.

Altcoin Season Prediction

The cryptocurrency analyst does not predict an altcoin season anytime soon even though he suggests about potential comeback for Dogecoin using Fibonacci retracement with 200-day EMA at .786 fib level ($0.0824).

Conclusion

The price of bitcoin continues to fluctuate in a range between 28K and 26K with Ethereum holding firmly above 1K while Dogecoin sees some volatility due to changes made on Twitter icon leading to increase in prices by over 30%. Although there are certain predictions about possible retracements for all three cryptocurrencies there are no signs yet of an upcoming altseason any time soon.