Bitcoin Price Prediction - Market Covered by Bullish Wave with ETH Still Holding Above XRP, Showing Potential for Further Rise

  • Yuri Molchan
    📰 News

    On Thursday, January 3, the top-ten and top-20 coins are growing, floating in the green zone, with Ethereum showing prospects for further growth

Market Covered by Bullish Wave with ETH Still Holding Above XRP, Showing Potential for Further Rise
You may also like:

As the new, 2019, year begins, Santa Claus seems to have visited the crypto community, giving the market another green wave.

Market Covered by Bullish Wave with ETH Still Holding Above XRP, Showing Potential for Further Rise

Ethereum still above XRP

The major digital currency, Bitcoin, is showing a rise, trading at $3.881 at the time of writing.
Back on December 28, BTC demonstrated an aggressive rise, jumping to the $3.915 mark on the Bitstamp exchange. That was an approximately 9-percent growth. The other top-ten coins followed suit.

Ethereum remains on the second place having outperformed XRP on January 2 by the its market cap value. The difference between the two assets is now around $1 bln.

The rise of the ETH price is being connected by many with the approaching ETH Constantinople hard fork. The Ethereum team promises that this event will improve the network in several ways, among those is the fact the hard fork is expected to delay the so-called ‘difficulty bomb’. The thing is to take place in approximately two weeks, during the period between 14 and 18 January, on the block number 7,080,000.

Besides, several technical indicators, as per experts, suggest that the ETH quotes are to show further climb in the near future.

Top gainers

The best-performing coins on the top-ten list presently are EOS (+4.01 percent) and the aforementioned Ethereum (+3,68 percent).
Bitcoin Cash SV at the moment is the only coin in the red, having dropped 0.35 percent.

👉MUST READ CCXCanada Hints at Listing XRP as Base Currency

Overall positive changes on the BTC market

Experts believe that quite soon, BTC may overcome the $4,200 mark and then start heading for $5,000. This is being proved by technical indicators.

Other factors are showing a rising correlation between Bitcoin and the price of gold, thus BTC is justifying its ‘nickname’ of digital gold. This opinion was expressed by a crypto expert of the Wall Street Journal, Paul Vigna. His conclusions are based on the data provided by the analytical company Excalibur Pro.

Besides, he notices the growing correlation between Bitcoin and the Volatility Index (VIX). Vigna believes that this is to do with the recent poor performance of the major indexes Dow Jones and S&P 500. The present correlation between BTC and VIX is 0.77 percent.

Subscribe to U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!
👓 Recommended articles

Bitcoin Price Prediction - Bitcoin Price Prediction – What Is BTC’s Next Step? Skyrocketing to $4,100 or Nosediving to $3,800?

  • Vera Thornpike

    Read Bitcoin price predictions for the following days. Find out what Twitter users think about short-term perspectives of BTC. Will it hit the $4,100 threshold or continu

Bitcoin Price Prediction – What Is BTC’s Next Step? Skyrocketing to $4,100 or Nosediving to $3,800?
You may also like:

After crawling to the $4,000 mark, Bitcoin didn’t hold there for long and took a step back. Now it’s stuck for a while, but Internet users are sure it won’t last long. So, what will be Bitcoin’s next move? Will we witness it breaking resistance and reaching the $4,100 level, or is it heading towards a downtrend? Let’s see what Twitter’s little birds tell us.

Bitcoin’s on the edge of the abyss?

Like any other currency, Bitcoin’s following certain paths, and using them to predict its future steps is not hard. Look at this chart:

Here’s more proof:

BTC is to make the last dash before plummeting

Even if it seems like Bitcoin is doomed to fall, there’s one positive fact: it might not happen right now, and there’s still a chance to sell your BTC riches.

Some users admit the last period was very important for Bitcoin, and it has yet to make its decision (which means, it might continue growing).

Here’s what we should keep in mind to foretell the fate of Bitcoin in the short term:

All is not lost – Bitcoin’s future can be interpreted in different ways depending on the patterns observed and periods compared. If you’re sure it’s to fall, start selling. But even if you don’t do it on time, don’t worry – BTC will surely raise from its knees after the upcoming fall. It always does.

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.

Only the most important posts per day. Infographics, analytics, reviews & summaries. Join our Telegram channel!
👓 Recommended articles