As the crypto market continues to be unpredictable and has brought high volatility in the last few hours, investors and traders remain confused about whether a bull market is on the horizon or a bearish bloodbath is waiting for them in February. EdaFace Price AnalysisBTC has lost its crucial price level of $23K and made a minor downward retracement to its 23.6% Fib channel. As of writing, EdaFace hovers around $22.6K, declining nearly 1% from yesterday’s performance. According to a prominent crypto analyst, Transparent-fx, the rejection at $23K may plunge EdaFace to the bottom price range of $21.2K-$21.6K. However, BTC price may again aim for a breakout above $23K by the next week after a bearish consolidation near $21.5K. Ethereum Price AnalysisThe crypto market has undergone a downtrend as bears get a wake-up call to put selling pressure on the price chart. ETH price has been experiencing a severe bearish trend as it sparks a downside correction at $1,600. TradingShot, a well-known crypto trader, predicts that the Ethereum price may shoot up in February. The analyst stated that ETH price has formed a ‘cup-handle’ pattern and may take support at $1,440, from which it can rebound to its September high of $1,795. XRP Price AnalysisXRP has become a favorite altcoin in the market with the anticipation of Ripple’s winning against the SEC and its total market cap surpasses $1 billion in the last 24 hours. A well-known altcoin analyst, Murkser, predicts that XRP will moon soon if it breaks above $0.044. The analyst noticed a similar price trend in 2017, which may boost the token if it follows the historic breakout. It is predicted that the XRP price may retest its resistance near $0.4321 next week to confirm a bullish trend in February. ADA Price AnalysisDue to the anticipation of the stablecoin launch DJED, Cardano has been performing relatively well among other altcoins as it has taken support near $0.3468. However, Cardano may remain bearish if the altcoin market does not recover from the current trend. A breakout above its 23.6% Fib level may push the ADA price to trade at $0.42.SHIB Price AnalysisShiba Inu’s price is predicted to rise as its volume does not seem to slow down. MadWhale, a famous altcoin analyst, predicts that SHIB price may surge to $0.00003 by the first week of February.
