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BTC, BSV, and BNB Price Prediction: Indicators are Signaling Short-Term Bounce

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  • Denys Serhiichuk
    📈 Price Predictions

    Can the prospective altcoins fix the current price and grow in the long-term?

BTC, BSV, and BNB Price Prediction: Indicators are Signaling Short-Term Bounce
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Today, the cryptocurrency market is recovering from a drop that occurred a few days ago. While Bitcoin (BTC) is still in the red, the majority of altcoins have increased in value.

Top 10 coins by Coinstats

Below is key information for Bitcoin (BTC), Bitcoin SV (BSV), and Binance Coin (BNB):

Name

Ticker

Market Cap

Price 

Volume (24H)

Change (24H)

Bitcoin

BTC

$131,288,691,713

$7,267.61

$20,675,126,905

-0.16%

Bitcoin SV

BSV

$1,895,937,424

$104.93

$713,473,270

9.77%

Binance Coin

BNB

$2,521,937,737

$16.21

$275,376,553

4.66%

BTC/USD 

The price for BTC has remained mostly unchanged, as the cryptocurrency has only dropped by 0.54% since yesterday.

BTC/USD chart by TradingView

Looking at the 4H chart, BTC has not moved out of the oversold area yet. This means that the cryptocurrency is unlikely to drop below the $7,000 mark anytime soon. Moreover, the Bollinger Bands confirm such a scenario.

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Bitcoin (BTC) Price Prediction: Could a Long Wick Bounce Upwards to the $7,500 Mark?

In a short-term price scenario, one should consider BTC returning to a price of $7,600, which was the last support level before the decline.

At press time, BTC is trading at $7,198.

BSV/USD 

BSV is today's top crypto gainer as its rate has rocketed up by almost 10% since yesterday.

BSV/USD chart by TradingView

According to the chart, today’s growth was a pump rather than the start of a possible short-term price revival. The Moving Average Convergence/Divergence (MACD) indicator is still bearish, confirming the ongoing dominance by the bears. In short, the $95 level is the nearest point, and this might be reached sooner than later.

At press time, BSV is trading at $103.37.

BNB/USD 

BNB is the second cryptocurrency that has shown growth, in which Binance's exchange rate for the native token has increased by 4.66%.

BNB/USD chart by TradingView

While the rate has gone up by almost 5%, the price could still decline to $15. This is confirmed by the lines of the relative strength index (RSI). In terms of a long-term price projection, BNB may have updated its local bottom. Traders may expect the price to increase to about $18 in December, a level that has been previously tested multiple times. 

At press time, BNB is trading at $16.11.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and make predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others.

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Bitcoin Price Predicted to "Rocket Up." $7,400 Level Reclaimed by Bulls

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  • Alex Dovbnya
    📰 News

    The Bitcoin price could soon touch $7,800 if bulls persist, but this move could be a short-lived one

Bitcoin Price Predicted to "Rocket Up." $7,400 Level Reclaimed by Bulls
Cover image via u.today

Popular crypto trader Wendy O recently predicted that the price of Bitcoin would "rocket up" if it managed to surge above the $7,400 level. 

Bitcoin Price
image by @CryptoWendyO

Shortly after that, the BTC price did rise above the aforementioned level, currently sitting at $7,444, according to CoinStats data

Bitcoin Price
image by coinstats.app

If the aforementioned forecast turns out to be accurate, Bitcoin traders could soon see another fakeout, which would be similar to the one that took place on Dec. 4. As reported by U.Today, BTC printed a massive green candle in less than a minute, but this unexpected pump quickly evaporated.     

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Earlier today, multiple traders predicted that Bitcoin was about to make a big move in either direction, but $7,800 seems to be the main area of interest for them. The leading cryptocurrency hasn't touch this level since Nov. 30. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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