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ETH, BCH, EOS Altcoin Price Prediction - Should One Expect Continued Growth of Altcoins?

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  • Denys Serhiichuk
    📈 Price Predictions

    Can the top altcoins outperform Bitcoin in the nearest future?

ETH, BCH, EOS Altcoin Price Prediction - Should One Expect Continued Growth of Altcoins?
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.

Bitcoin (BTC) is continuously losing its market share. Its market dominance has fallen below 66%. With BTC trying to concentrate its efforts on keeping the price above $8,800, the prices for the other leading altcoins are continuing to grow. XRP (XRP) is the only exception to this rule as its price has dropped by 0.54% over the last 24 hours.

Top 10 coins by Coinstats

Here's a summary of the important data for Ethereum (ETH), Bitcoin Cash (BCH), and EOS (EOS):

Name

Ticker

Market Cap

Price 

Volume (24H)

Change (24H)

Ethereum

ETH

$20,344,852,017

$187.51

$18,213,353,637

0.94%

Bitcoin Cash

BCH

$5,181,098,192

$286.17

$1,777,176,418

1.28%

EOS

EOS

$3,336,847,167

$3.55

$2,019,863 315

2.04%

ETH/USD 

ETH has shown positive price dynamics since last week. Its price has increased by 2.53%, giving it the biggest increase of the top 5 coins.

ETH/USD chart by TradingView

Looking at the 4H chart, ETH is trying to push above the $188 resistance level. It currently has a good chance to achieve this goal since the colored EMA/SMA is bullish, as well as the Moving Average Convergence Divergence (MACD) indicator. 

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The only thing that might be of concern for traders is the relatively low trading volume. If it doesn't increase soon, the price will roll back to the $180 support level.

Currently, ETH is trading at $187.81.

BCH/USD 

Our BCH price prediction from earlier has proven to be fairly accurate. The price rolled back from $300 to the $285 area, which is where the price is located currently.

BCH/USD chart by TradingView

Looking at the 1D chart, BCH is forming a bearish reversal, moving back to towards its previous levels before the October 25th pump. This is confirmed by the low trading volume index and the absorbing bearish candles closed from November 7-8. In addition, the Ichimoku cloud pattern is located in the red zone, which means that the sellers are possibly going to be the dominate voice in the short-term. In conclusion, the nearest support for BCH might be at the $260 level.

Currently, BCH is trading at $286.68.

EOS/USD 

EOS has increased by 7.59% since last week. Yet it has not managed to get out of its bearish trend. 

EOS/USD chart by TradingView

Analyzing the chart, EOS is located in the bearish pennant, with a possible downward breakout. One can predict a possible bearish move based on the decline in trading volume, signifying an absence of buyer enthusiasm. What is more, the relative strength index (RSI) indicator has already reached its local high, meaning that one may expect a drop from its current levels to the nearest support level of $3.25.

Currently, EOS is trading at $3.54.

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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 Predicted to "Rocket Up." $7,400 Level Reclaimed by Bulls

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  • Alex Dovbnya
    📰 News

    The Bitcoin price could soon touch $7,800 if bulls persist, but this move could be a short-lived one

Bitcoin Price Predicted to "Rocket Up." $7,400 Level Reclaimed by Bulls
Cover image via u.today

Popular crypto trader Wendy O recently predicted that the price of Bitcoin would "rocket up" if it managed to surge above the $7,400 level. 

Bitcoin Price
image by @CryptoWendyO

Shortly after that, the BTC price did rise above the aforementioned level, currently sitting at $7,444, according to CoinStats data

Bitcoin Price
image by coinstats.app

If the aforementioned forecast turns out to be accurate, Bitcoin traders could soon see another fakeout, which would be similar to the one that took place on Dec. 4. As reported by U.Today, BTC printed a massive green candle in less than a minute, but this unexpected pump quickly evaporated.     

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Earlier today, multiple traders predicted that Bitcoin was about to make a big move in either direction, but $7,800 seems to be the main area of interest for them. The leading cryptocurrency hasn't touch this level since Nov. 30. 

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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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