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Price Predictions for Bitcoin and Ethereum for the week – Ryan Lee, Chief Analyst, Bitget Research
Bitcoin is expected to face a critical week of price movement with support levels between $70,000 and $75,000, and a pivotal resistance zone around $85,000–$87,000.
A failure to maintain the $77,000 level could lead BTC to test the lower range of $70,000–$72,000.
However, if the market sees a recovery, a potential bounce from $75,000 could push the price back into the $80,000–$85,000 range.
The most likely scenario for this week suggests a mid-week test of $72,000–$75,000, with Bitcoin stabilizing near $83,000 by March 18-19, depending on broader market sentiment, external factors like regulatory news and upcoming FOMC meeting.
Ethereum’s price this week is expected to hover between $1,700 and $2,500, with key support at $1,714 and resistance near $2,800–$3,000.
In a bearish scenario, Ethereum could dip to $1,714–$1,800 if Bitcoin shows weakness, while a stronger performance may see ETH rally to $2,300–$2,500.
Key market drivers include stock market dynamics on March 10 and potential regulatory updates, which could impact crypto sentiment.
Additionally, the performance of BTC dominance and ETF net flows for BTC and ETH will be crucial in determining whether Ethereum can outperform or follow Bitcoin’s lead this week.
Ryan Lee, Chief Analyst at Bitget Research
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
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