Bitcoin (BTC) Price Prediction: Ethereum (ETH) and XRP Price Predictions

Last week, Bitcoin (BTC) experienced significant volatility. Conflicting market signals created bearish pressure, preventing traders from setting a clear directional trend.

Last week was marked by significant volatility in Bitcoin (BTC) as conflicting market signals kept traders from setting a clear directional trend.

Major altcoins, including Ethereum and XRP, slid below crucial price points. However, following hints from US CPI and PPI data that inflation may be easing, the market rallied, setting the stage for a potentially bullish week ahead.

Interest Rate Decision Could Revive Crypto

Amid a 2% drop last week, Bitcoin continues to face significant downside risks due to multiple bearish macroeconomic pressures.

On a brighter note, analysts in the crypto prediction markets, such as Polymarket, are optimistic about a potential pause in Federal Reserve rate hikes next week. Additionally, there is growing hope that geopolitical tensions between Russia and Ukraine might ease.

Bettors on Polymarket are pricing in a 99% likelihood of the Fed pausing rate hikes in March, with the odds of a Russia-Ukraine ceasefire reaching nearly 80%. Should these developments occur, a surge in risk appetite could lead to increased investments in Bitcoin and other cryptocurrencies, potentially triggering further upward momentum next week.

Bitcoin Price Prediction

Bitcoin bulls are attempting a recovery, though they are likely to encounter significant resistance between the EMA20 trend line and the $86.7K mark. Currently, the BTC price stands at $84,262, having risen by 0.09% in the past 24 hours.

If the price remains above the 20-day EMA, it could suggest that the recent dip below $84K was merely a bear trap. Under such circumstances, the BTC/USDT pair might climb to the critical $86.7K level and potentially extend to $93,000.

On the other hand, if the price sharply declines from this resistance zone, it would suggest that bears have the upper hand. This could increase the likelihood of a drop to the crucial support level at $79,974.