Bitcoin Price and Ethereum Prediction: Can BTC's 61.8% Fibonacci Retracement Indicate a Bounce-Back in Price on Sunday?

cryptonews.com:

During the Asian trading session, the overall cryptocurrency market has been relatively stable, with BTC holding above $23,000 and ETH rebounding above $1,550. Due to the lack of volatility, leading cryptocurrencies such as Bitcoin and Ethereum are currently trading within narrow price ranges, as market participants anticipate a busy week ahead.

Let's take a quick look at the fundamental aspects of the market before delving into the technical outlook.

Over the past 24 hours, three Ethereum whales have made significant transfers to Binance and Coinbase. The first transfer delivered 92,170 ETH worth $150.9 million to Binance from an undisclosed wallet. Interestingly, the whale left a relatively small sum of 1,000 ETH, worth $1.6 million, in their wallet.

A different Ethereum whale followed up with a transfer of 25,361 ETH worth $40.5 million from an unknown wallet to Coinbase a few hours later. 

This whale practically depleted their Ethereum wallet to zero in the process. Soon after, a third Ethereum whale abruptly transferred 15,110 ETH worth $24.3 million from an undisclosed wallet to Coinbase, also depleting their bank account.

Not to be outdone, a big Bitcoin whale appeared next, transferring 9,475 BTC worth $219.5 million between two unknown wallets. The Bitcoin does not appear to be on its way to any crypto exchanges, where it could be traded on the open market.

Large transfers by whales often create ripples in the market, and they can be interpreted as a sign of potential price movements. Some investors may view these transfers as a signal of positive sentiment, which could potentially drive up the prices of Bitcoin and Ethereum.

On the other hand, some investors may interpret these transfers as a sign of potential selling