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📈 Price Predictions
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Top 3 Price Prediction: BTC And XRP Are in Range, ETH Looks Promising

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  • Golovan Dmitry
    📈 Price Predictions

    BTC and XRP stays in range, ETH may start an uptrend

Top 3 Price Prediction: BTC And XRP Are in Range, ETH Looks Promising
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.

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The Top three cryptocurrencies are still in the downtrend, but Ethereum has some positive signals as the currency pair is in local uptrend and stays above the ascending trend line. However, 24H dynamics is negative as BTC, XRP and ETH suffered light losses.

How the top three looks like today according to coinstats.app
Image by Coinstats.app

BTC/USDT: Bitcoin price stays in range against USD

BTC/USDT fluctuates within a range as Bitcoin’s price correction is developing. The currency pair has bounced off the resistance at 8440.88 and moves towards the closest support at 7777.65.

BTC/USDT 4H chart
BTC/USDT 4H Chart by TradingView

Bitcoin’s price right now remains below the descending trend line as the currency pair follows the downtrend. BTC/USDT is likely to reach the closest support area. This is the main scenario for the nearest future. Bitcoin may reverse and retest the closest resistance area at 8440.88. This will break the main scenario and may change the trend, if Bears fail to hold the resistance.

ETH/USDT: local uptrend giving hope to the buyers

Today’s ETH price as well as the whole market situation gives hopes to the buyers. There is a smooth uptrend as lows become higher. 

ETH/USDT 4H chart
ETH/USDT 4H Chart by TradingView

ETH/USDT goes along the ascending trend line targeting the closest 182.38 resistance area. Even a shallow Ethereum price analysis shows us an eventual uptrend scenario. However, ETH/USDT has to break out the descending trend line before changing the global tendency. This scenario will fail if the currency pair breaks down the ascending trend line.

XRP/USDT: Ripple stays in range against USDT

Today’s Ripple price chart shows no tendency. Neither buyers nor sellers are able to take control over the market.

XRP/USDT 4H chart
XRP/USDT 4H Chart by TradingView

XRP/USDT currently tests the resistance level at 0.25086. The currency pair has bounced off the support at 0.23294 previously, giving hopes to the buyers that the downtrend is paused at least. However, this downside tendency will stay until Ripple breaks out the descending trend line.

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About the author

Professional FX and crypto trader with 8+ year of experience. Always looking for interesting market situations. Altcoins fan. Keen on finding the most profitable solutions

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Bitcoin Price Forms Diamond Bottom Pattern, Signalling Bullish Breakout

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  • Alex Dovbnya
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    Bitcoin could witness a bullish breakout if its looming diamond pattern gets confirmed

Bitcoin Price Forms Diamond Bottom Pattern, Signalling Bullish Breakout
Cover image via u.today

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.

ByBit

The Bitcoin price is on the verge of forming a diamond bottom, which represents two juxtaposed symmetrical triangles. This a major bullish pattern that could be the bellwether of substantial price gains. 

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Top Bitcoin Trader on BitMEX Says He's "Long and Strong" as BTC Price Struggles to Hold $8,000

Top Bitcoin Trader on BitMEX Says He's

According to cryptocurrency trader "The Moon," Bitcoin has a 70 percent chance of a bullish breakout if the aforementioned pattern gets confirmed.   

That said, Bitcoin would need a huge buying volume for this scenario to translate into fruition. 

Trading vet Peter Brandt noticed that the XRP/BTC pair was about to complete a diamond bottom. However, Ripple's native token failed to rally even before the much-awaited SWELL event that took place on Nov. 7-Nov. 8.     

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Bitcoin Price Could Soon Drop 40 Percent, BitMEX Data Shows

Bitcoin Price Could Soon Drop 40 Percent, BitMEX Data Shows

As reported by U.Today, BTC dropped to the low-$8,000 level due to lack of enthusiasm on the buyer's side who failed to step in to reclaim $9,000. At press time, the coin that started it all is changing hands at $8,165 after being rejected at $8,200. 

Given that Bitcoin has trimmed all of its recent gains, market sentiment is now predominantly bearish. It remains to be seen how long it will be able to hold the crucial $8,000 support.      

Bitcoin Price
image by coinstats.app

Earlier, market analyst Willy Woo claimed that BTC's bearish price action ahead of the halvening event could mean that it might not witness another bull market. 

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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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