May 29, 2023 2:26 PM EDT · 3 min read Bitcoin Price and Ethereum Prediction: BTC and ETH Poised for 50% Retracement; Brief Market Analysis In this update, we will explore the predictions for these two leading cryptocurrencies, as they appear to be positioned for a significant 50% retracement. We will discuss a brief analysis of the market conditions surrounding Bitcoin and Ethereum, highlighting key factors that may influence their price movements in the near future. Stay tuned for valuable insights into the potential direction of these digital assets. Bitcoin Price The current price of Bitcoin is $27,700, and it has experienced a trading volume of $17 billion over the past 24 hours. In this timeframe, Bitcoin has seen a nearly 0.50% increase. As per CoinMarketCap, Bitcoin holds the top ranking (#1) with a market capitalization of $537,048,136,864. Currently, 19,387,487 BTC coins are circulating out of a maximum supply of 21,000,000 BTC coins