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Experts from the cryptocurrency derivatives exchange LBank Derivatives gave a forecast on the exchange rate of the leading digital currencies bitcoin and ether. They said that after bitcoin (BTC) retested the $18,000 support zone against the US dollar (USD), it almost immediately bounced back to the main resistance at $19,500. Price action gradually formed a range that broke through the supply zone. .
According to analysts, a surge above these values will begin with a bearish momentum. If the price stabilizes above $20,000, this, in turn, will lead to a strong pump in the coming weeks.
As for the second cryptocurrency, ether (ETH), its rate, according to analysts, will decrease slightly in order to re-test the support line around $1,300. It should then bounce above the green line on the chart. At best, it will hold above this value in the coming weekend, but a new bearish wave is expected at the beginning of next week. The specialists emphasized that the key support level is $1280, while the resistance is at $1400.
As of 15:40 Moscow time on September 23, 2022, the BTC rate was 18,916, and the capitalization of the cryptocurrency was 366.44 billion. As for ETH, its value was fixed at 1301, while the total supply of coins remained at around 161, 53 billion
Perpetual contracts on the LBank exchange are always settled in US dollars (USD). They cannot expire, which is very attractive to many traders. Service analysts regularly follow the news of the cryptocurrency world and analyze the situation on the market.
Earlier, the editors of Crypto.ru reported that 6 virtual assets at once rose in price by more than 10% per day as of today’s morning.
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