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BTC, ETH, BCH Price Prediction — Can Altcoins Get the Market to New ATH Alone?

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  • Denys Serhiichuk
    📈 Price Predictions

    Altcoins have finally come out of Bitcoin hiding. Our price prediction analyzes the profitable coins to invest

BTC, ETH, BCH Price Prediction — Can Altcoins Get the Market to New ATH Alone?
Cover image via 123rf.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.

Contents

The position of Bitcoin has almost not changed over the, while altcoins have soared to new maximum.

Bitcoin SV broke into the top 10 cryptocurrency by capitalization; the coin of Craig Wright has reached a capitalization of  3.9 Bln.

IOTA is on second place with the 12.33% increase over the 24 hours. Previously, the project team announced an update called Coordicide.

TOP 10 coins by CoinMarketCap

Although Bitcoin keeps stagnating for a few days, its volatility has reached record levels since December 2018.

Bitcoin volatility index by Bloomberg

In May, Bitcoin volatility increased significantly, having reached 4.7%. For comparison, in April this index was 3.5%, and in March - 1.1%. Earlier, the largest indicator of BTC volatility at 4.2% was recorded in December 2018.

Now, let’s analyze the technical perspective of each coin to understand its future perspectives.

BTC/USD

Bulls could quickly take matters into their hands, and the leading cryptocurrency keeps moving according to our previous scenario.

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Bitcoin once again was able to cancel the reversal pattern near an important level, which indicates a strong impetus. It is possible that in the near future the digital asset will pass for $10,000.

BTC/USD chart by TradingView

Analysis of the 4-hour chart confirms the idea with the growth of the cryptocurrency rate. As you can see, the quotes are moving within the ascending channel. For the short-term idea we can expect a correction to the lower boundary of the channel at $8,450 with attempts of further price rise. A rebound from the support line on the RSI indicator backs such a scenario. A break above the channel boundaries and a closure above $9,200 will confirm growth.

The price of BTC is trading at $8,709 at the time of writing.

ETH/USD

Our Ethereum forecast has come true earlier than expected as the asset is trading near its local maxima. The coin continues to locate close to its the upper boundary of the rising channel.

Breakdown of the resistance level and closing above $285 will indicate the formation of a strong signal in favor of purchases when quotations leave the channel limits. The growth target will be at a distance comparable to the width of the current uplink.

ETH/USD chart by TradingView

Analysis of the 4-hour chart indicates potential growth from current levels. The quotes were able to leave the limits of the “Triangle” model and are trading above its upper limit. Therefore, as a short-term idea, one should not exclude a quick test of a broken model boundary and a lift proposal with a potential target of $331 till mid-June.

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Ethereum Price Analysis in 202025: How Much Might ETH be Worth?

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The price of ETH is trading at $282.59 at the time of writing.

BCH/USD

We already mentioned Bitcoin SV which rocketed by almost 100% over the previous day. However, another Bitcoin’s fork could also show good dynamics - the price of Bitcoin Cash has increased by around 10%.

BCH/USD chart by TradingView

On the hourly chart, the quotes have been trading in the similar pattern since May 18. The current growth looks like a slight pump and Bitcoin Cash is supposed to be corrected to the support at $460 in the short-term scenario. Once it happens, traders can expect new highs at $500 at the beginning of June.

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Bitcoin Cash Price Prediction: Will BCH Cost $400 by Next Week? BCH Is to Break Resistance!

Bitcoin Cash Price Prediction: Will BCH Cost $400 by Next Week? BCH Is to Break Resistance!

The price of BCH is trading at $469.10 at the time of writing.

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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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$300,000 Worth of Bitcoin Demanded by Kidnappers of Belgian Teenager

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  • Alex Dovbnya
    📰 News

    Kidnappers demand $300,000 for the release of Theo Hayez, a missing Belgian teenager

$300,000 Worth of Bitcoin Demanded by Kidnappers of Belgian Teenager
Cover image via www.123rf.com

The kidnappers of Belgian backpacker Theo Hayez demand a cool $300,000 worth of Bitcoin for the release of the missing teenager, The Australian reports. 

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Dutch Billionaire Involved in Bitcoin Scam Scores Legal Victory Against Facebook

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The 18-year-old disappeared off the radar during his trip to Byron Bay, Australia, on May 31.

Bitcoin Ransom
image by 7news.com.au

The text messages of alleged kidnappers, which were received by the teenager's godfather Jean-Philippe Pector, claim that Hayez is still safe, but he was moved out of the Byron Bay area to Gold Coast due to an ongoing search. 

The text messages
image by dailymail.co.uk 

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After dealing with the initial shock, the distressed family member adopted a skeptical approach to these demands.      

“You start wondering ‘Is it true, is it not true?’ My first reaction was to immediately contact the police. Their response was ‘Don’t contact them, we will investigate that’.” 

The police found out that the heart-wrenching message was sent by someone from South Africa. Thus, Jean-Philippe Pector was likely to deal with opportunistic scammers instead of actual kidnappers.    

Whether this ransom is legitimate or not, such black swan events are not unusual in the crypto space. Back in October, a group of hackers attacked Johannesburg, South Africa's biggest city, and demanded 4 BTC for not publishing stolen data.    

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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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