Original U.Today article

BTC, ETH, XRP and DOGE Price Analysis for December 13

Which coins can return to bull run soon?

Price Analysis

Wed, 13/12/2023 - 14:47

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The correction continues on the market, as all of the top 10 coins are in the red zone.

BTC/USD

The price of Bitcoin has declined by 1.61% over the last 24 hours.

On the daily chart, the rate of BTC has made a false breakout of yesterday's bar low. However, if the candle closes near it or even below, the decline may continue to the nearest support level of $38,500.

Tue, 12/12/2023 - 14:20

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Such a scenario is relevant until the end of the week.

Bitcoin is trading at $41,091 at press time.

ETH/USD

The rate of Ethereum (ETH) has fallen by almost 2% since yesterday.

From the technical point of view, ETH is looking more bearish than Bitcoin. Currently, one should focus on the bar's closure. If this happens around $2,131, the drop may continue to the $2,050-$2,100 zone soon.

Ethereum is trading at $2,173 at press time.

XRP/USD

XRP is not an exception to the rule, going down by 3.07%.

On the daily chart, the rate of XRP is coming back to the support level of $0.5860. If the candle breaks it and closes below, the accumulated energy might be enough for a more profound drop to the $0.55 zone.

XRP is trading at $0.6039 at press time.

DOGE/USD

DOGE is the biggest loser today, falling by 3.47%.

Despite a sharp decline, the price of DOGE is far from the main levels, which means that neither bulls nor bears have seized the initiative yet. Such a statement is also confirmed by the low volume. In this case, sideways trading in the area of $0.09-$0.095 is the more likely scenario until the end of the week.

DOGE is trading at $0.09285 at press time.

#Bitcoin Price Prediction #Ethereum Price Prediction #XRP Price Prediction #Dogecoin Price Prediction

About the author

Denys Serhiichuk

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.