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Bitcoin To Reach $43,000 Following ETF Hype, Everlodge Fuses AI With Real Estate, Where Next For Cardano?

Press Releases Crypto News CryptoDaily UK Bitcoin To Reach $43,000 Following ETF Hype, Everlodge Fuses AI With Real Estate, Where Next For Cardano?

Cardano (ADA) started a price correction phase that could bring its value down to the $0.344 level, leading many traders towards diversifying their crypto holdings. Despite this correction, the overall trend remains bullish, but the MACD histogram and lines suggest a short-term bearish sentiment.

Cardano (ADA) Has Price Correction – Is $0.5720 a Possibility?

Cardano (ADA) has recently experienced a price correction following its most recent surge in value. Then, the crypto saw a downward trend in the past days, suggesting that it can see a further decline to the 0.382 Fibonacci support level at approximately $0.344.

Despite the current Cardano price correction, there is a golden crossover on the chart, which is an indication that the overall trend remains bullish in the short- to medium-term. Other indicators like the MACD histogram, which was trending bearishly lower for three days, suggest a bearish sentiment in the short term.

Cardano is still up 26% on the monthly chart, and during the week, it saw its highest value at $0.39. According to the recent on-chart data, the Cardano price prediction puts it at $0.5720 by the start of 2024.

Bitcoin (BTC) ETF 90% Likely – Can the Coin Reach $43,000?

Bitcoin (BTC) experienced significant attention recently, as a major Bloomberg Analyst, Eric Balchunas, noted to his 163,000 followers that he has confidence in the approval of a Bitcoin exchange-traded fund (ETF) in slightly over a month.

According to the analyst, they are holding the line at 90% odds of approval by January 10. He also pointed out that a considerable amount of distraction surrounds less crucial aspects of the ongoing Bitcoin ETF debate.

During the past week, the Bitcoin crypto moved past the $38,000 price barrier, as it surged from $36,770

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Author: Crypto Daily

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