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BTC, XRP and DOGE Price Analysis for September 24

Price Predictions
Fri, 09/24/2021 - 15:50
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Denys Serhiichuk
Can Bitcoin (BTC) be the reason for the sharp fall of the altcoins?
BTC, XRP and DOGE Price Analysis for September 24
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.

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Bears have seized the initiative by the end of the week as all of the coins from the top 10 list are in the red zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has gone down by 4.21% since yesterday.

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

On the daily chart, Bitcoin (BTC) has formed resistance at around $40,700 against the high trading volume. If yesterday, the situation was bullish, today, the situation has changed completely as bears have almost absorbed the recent growth.

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In this case, the more likely price action is sideways trading in the range of $41,000-$44,500.

Bitcoin is trading at $42,225 at press time.

XRP/USD

XRP has shown even worse price dynamics than Bitcoin (BTC), with a fall of 5.87%.

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

XRP made a false breakout of the mirror level at $1.01488 on the daily chart.

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BTC, ETH, XRP, BNB and ADA Price Analysis for September 21

However, the altcoin remains trading in the long zone as it is located above $0.8577. If sellers break it, bears might seize the initiative and get XRP to the next support at $0.80.

XRP is trading at $0.92 at press time.

DOGE/USD

DOGE is the biggest loser from the list today with a fall of 6.39%.

DOGE/USD chart by Trading View
DOGE/USD chart by Trading View

After a false breakout of the support level at $0.199, buyers seem unable to keep the growth as the price is coming back to the zone. In this case, if bears manage to close the daily candle below this mark, there may be a sharp fall to $0.165 soon.

DOGE is trading at $0.20 at press time.

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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 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.