Bitcoin and Ethereum Price Predictions for the Week Ahead

 

Bitcoin is dipping following a strong surge on Thursday, and the Fib support level is being examined. Ethereum’s price has found support around $1200 but is still restricted. The macroeconomic environment continues to push pricing.

Bitcoin and Ethereum Forecast: Neutral

As a result of the CPI print that was released this week, other risk assets continue to be under pressure, while Bitcoin and Ethereum continue to move within well-defined bands. As the prognosis for the macro economy continues to deteriorate, pressure is still applied to risk in general. The market has again re-priced its expectations for a rate rise by the Fed due to the hot CPI data from this week, which has further fueled worries of a probable recession.

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