Main navigation

BTC, ETH and XRP Price Analysis for September 4

Price Predictions
Sat, 09/04/2021 - 15:04
article image
Denys Serhiichuk
When can Bitcoin (BTC) start growing faster than the altcoins?
BTC, ETH and XRP Price Analysis for September 4
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.

Read U.TODAY on
Google News

The weekend has begun with the ongoing growth of the cryptocurrency; however, not all coins could follow the rise. The recent gainer, Cardano (ADA), has declined by 1.22%.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

After a sharp rise, the rate of Bitcoin (BTC) has declined by almost 1% over the last 24 hours.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the daily chart, the chief crypto made a false breakout of the recently formed level at $50,562. However, bulls are not giving up and are trying to fix above it.

Related
BTC, ETH and XRP Price Analysis for August 30

If they manage to do it, there is a high chance of getting to the next vital level at $53,500 where bears can again seize the initiative.

Bitcoin is trading at $50,279 at press time.

ETH/USD

Ethereum (ETH) is the biggest loser from the list today as its price dropped by 1.19% since yesterday.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

Ethereum (ETH) tested the vital $4,000 mark; however, it could not fix above the mark. Even though bulls keep dominating over bears, a slight decline may occur to gain more liquidity for a further rise. In this case, sideways trading in a range between $3,800 and $3,900 is the more likely price action for the upcoming days.

Ethereum is trading at $3,908 at press time.

XRP/USD

XRP also could not keep the rise and has gone down by 0.60%.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

Despite the decline, XRP is getting closer to the top of the channel against the increasing trading volume. If bulls can break the resistance and fix above it, the next level of $1.50 can be attained within the next few days.

XRP is trading at $1.27 at press time.

article image
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 makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.