BTC, XRP and DOT Price Analysis for April 6

Price Predictions
Tue, 04/06/2021 - 15:16
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Denys Serhiichuk
How good are Bitcoin (BTC) and Polkadot's (DOT) chances to grow like XRP?
BTC, XRP and DOT Price Analysis for April 6
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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The market keeps booming as almost all of the top 10 coins are in the green zone. Bitcoin (BTC) is the only exception to the rule, going down by almost 1%.

Top 10 coins by CoinMarketCap
Top 10 coins by CoinMarketCap

The vital data for Bitcoin (BTC), XRP and Polkadot (DOT):

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$1,096,196,392,404 $58,156.06 $66,245,972,434 -1.05%

Polkadot

DOT

$40,655,369,549 $43.30 $3,151,191,640 0.03%

XRP

XRP

$44,390,338,656 $0.929 $35,927,097,037 30%

BTC/USD

Bitcoin (BTC) is the only falling coin on our list. The rate of the chief crypto has declined by 1% since yesterday.

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

On the 4H chart, Bitcoin (BTC) could not fix above the $60,000 that confirms bears' power.

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BTC, ETH, XRP and BNB Price Analysis for April 5

In this case, there is a good chance of seeing a test of the MA 200 that refers to the mark around $55,900.

Bitcoin is trading at $57,450 at press time.

XRP/USD

XRP is the top gainer today. The rate of the coin has reached the vital level of $1.

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

XRP has followed our recent scenario and reached the $1 mark. At the moment, one might expect a consolidation in the range of $0.95-$1 to keep the rise going.

XRP is trading at $0.9372 at press time.

DOT/USD

The rate of Polkadot (DOT) is unchanged since yesterday, which means that neither bulls nor bears are dominating at the moment.

DOT/USD chart by TradingView
DOT/USD chart by TradingView

Despite today's fall, Polkadot (DOT) remains bullish as it keeps trading within the rising channel. Thus, the selling trading volume is low, which means that buyers have the chance to attach the $50 mark soon.

DOT is trading at $42.89 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 & ICO Advisory, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.

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