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📈 Price Predictions
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BTC, ETH, XRP Price Analysis — The Market Is Stagnating. Are Bulls Accumulating Their Efforts?

  • Denys Serhiichuk
    📈 Price Predictions

    Bears are fighting against bulls for short-term dominance. Our price analysis describes where the crucial levels of the top coins are located

BTC, ETH, XRP Price Analysis — The Market Is Stagnating. Are Bulls Accumulating Their Efforts?
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

If yesterday most of the coins were in the red zone, today, the situation is vice versa. Only the rates of Litecoin, Bitcoin SV, and Binance Coin are going up. The biggest loser is Ripple, whose price has dropped by more than 3% over the past 24 hours.

Top 10 coins by CoinMarketCap

The cryptocurrency market did not respond to the launch by Facebook of its cryptocurrency, Libra. The prices of the top assets are located in their previous positions, or some of them have even declined. The same situation is applied to the total market capitalization, which has frozen at around $286 bln.

BTC/USD

The leading cryptocurrency is still in the uptrend, as long as its quotes are located above the psychological $9,000 mark.  

BTC/USD chart by TradingView

Our earlier Bitcoin forecast came true, as its price rocketed above $9,000 where it keeps located now. Analyzing the future rate of the world’s top cryptocurrency, BTC is likely to face a minor correction before conquering $10,000. In this case, the quotes should retest the previous levels and come back to the corridor of $8,800-$9,000 soon. The bearish MACD indicator confirms such a scenario.

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The price of BTC is trading at $9,167 at the time of writing.

ETH/USD

Ethereum is moving within the ascending channel amid average volumes. Our recent ETH prediction is about to justify itself, as the rate has almost reached $270.

ETH/USD chart by TradingView

On the hourly time frame, the price twice tried to break through the level of support, but buyers kept the onslaught. At the moment, a bullish pin bar pattern has formed, which indicates the inability of the price to move in a downward direction. In the near future, Ethereum will test an area of $280, from which it was previously rebound.

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Ethereum Price Analysis 2019: Might ETH Cost $ 1.000?

Ethereum Price Analysis 2019: Might ETH Cost $ 1.000?

The price of ETH is trading at $268.41 at the time of writing.

XRP/USD

Over the last week, the medium-term trend of XRP has not changed much: quotes are still within the wide side corridor between the support of $0.3575 and the resistance of $0.479.

XRP/USD chart by TradingView

On the 1-hour chart, one can see that the quotes broke through the resistance line of the primary growth channel, indicating the potential for further development of the short-term trend. Local support is at the fractal at $0.4310. The next momentum of short-term growth will be directed to the level of
$0.4680. Then traders should expect a rebound and a corrective decline to the main support level -
$0.42. The divergence on the Stochastic indicator supports the development of such a scenario.

The price of XRP is trading at $0.43 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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Bitcoin Price to Hit $55,000 after Halving, Says Morgan Creek Digital Co-Founder, Citing PlanB Analyst

  • Yuri Molchan
    📰 News

    A Morgan Creek Digital co-founder promises BTC will hit $55,000 after the halving in May 2020, citing an analyst from Crypto Twitter

Bitcoin Price to Hit $55,000 after Halving, Says Morgan Creek Digital Co-Founder, Citing PlanB Analyst
Cover image via www.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

Jason A. Williams, a co-founder and a partner at Morgan Creek Digital fund, a colleague of the Twitter-active Anthony Pompliano, has cited the BlanB crypto analyst (also famous in the Crypto Twitter). The latter says that after the upcoming Bitcoin halving next year, the market value of BTC will total $1 trln, which means that the BTC price will skyrocket to $55,000.

 

The next Bitcoin halving is drawing closer

The previous Bitcoin halving took place in 2016. The next one (occurring every four years) is mathematically planned in 2020. The miners’ reward for each new generated block will be cut by two, therefore making BTC rarer and more slowly injected to the market than previously.

Many crypto experts are betting on that to see the Bitcoin price surge immensely. Various predictions have been voiced. People whose job is far away from technical analysis have named the highest figures – Tim Draper and John McAfee. The latter insists that BTC will hit nothing less than $1 mln by 31 December 2020.

However, one of the analysts on Crypto Twitter, PlanB, modestly suggests a mere $55,000 per 1 BTC after the halving takes place in May next year.

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Bitcoin (BTC) Price Breaks Above $8,200 While Bitcoin Cash (BCH) and Bitcoin SV (BSV) Post Even Higher Gains

Bitcoin (BTC) Price Breaks Above $8,200 While Bitcoin Cash (BCH) and Bitcoin SV (BSV) Post Even Higher Gains

Bitcoin’s 600,000th block has been mined

Friday last week was a significant day, whose appearance had been ‘foretold’ by many Bitcoin-wise men – block #600,000 was extracted on the Bitcoin chain. This means that only three mln Bitcoins are left to be mined as 18 mln of them have been minted already.

Some believe that this fact, along with the approaching halving event, will also contribute to the BTC price surging high.

 

What are your thoughts on the impact the coming halving is going to have on the BTC price? Share your views in the comments section below!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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