Bitcoin (BTC) faked to a weekly high and immediately dumped, just as Michael Saylor announced another 300+ BTC purchase. Ethereum (ETH) since the merge has plummeted almost 30% but was saved at the major support at $1,220.
Our analysts dive into Bitcoin price predictions, as well as covering Ethereum (ETH) too. Both of them lead the crypto market in terms of capitalization, but the real 100x gems are in getting into projects early.
We’ll cover one potential early project that we bring to you as it’s packed full of utility and real passive income sources – The Hideaways.
Bitcoin’s (BTC) Price Analysis
Last night, Bitcoin experienced a massive fakeout which drove the price of BTC to $19,950, which immediately plunged to a new weekly low at $18,126.00.
This excessively fluctuating market flushed out a lot of traders from the market last night, leaving others at losses. The market opened this morning with a little hope as buy pressure increased. The current price of Bitcoin is $19,234.
However, this has formed three bullish candles peaking at a vital resistance, which might signify a trend reversal here. As we approach the weekend, traders are advised to trade carefully with good stop loss positions or invest in less volatile but highly profitable projects like the ongoing The Hideaways (HDWY) presale, which is up 100% since we last mentioned.
Ethereum (ETH) Price Analysis
Unlike Bitcoin, which had some comeback, Ethereum has been unable to make bullish moves after the fakeout to $1,440.58, which later plunged shortly after to a weekly low of $1,220.00.
ETH is currently trading at $1,309.27 and is down by -2.90%. The price is below the 100 daily moving average, and there are no signs of significant price changes.
Trading data from Binance shows that the bears control about 50.56% of the money flow in the last 24 hours.
The Hideaways (HDWY) Gear Up For More Profits
Last weekend was another interesting weekend after The Hideaways (HDWY) hit a 100% mark, lifting its price from $0.01 to $0.02.
Every early investor is on social media talking about how their Investments have doubled in the last 2 weeks of joining the presale.
But brace yourselves because that’s not all. The sudden rush of investors after the 100% gain has helped boost The Hideaways (HDWY), and the team and community are gearing up for more profits, predicted to reach 8,500% by the end of 2022.
But why should you invest:
- Analysts predict a presale ending price of $0.15, around 800% profits in 2 months.
- The smart contract is audited by SolidProof, showing security in their project.
- Mass marketing is bringing in 10,000’s new investors.
To join The Hideaways presale.
For more information, check out The Hideaways (HDWY);
Website: www.thehideaways.io
Presale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
Source: https://www.cryptonewsz.com/bitcoin-btc-fake-out-ethereum-price-at-last-support/