U.Today Franchise
F2Pool
0
📈 Price Predictions
2491 views

TOP 3 Price Predictions: Bitcoin, ETH, XRP — A Bounce Back Happened: Where Are We Moving Now?

Put your
crypto to
work
  • 0.00

    Interest per week

  • 0.00

    Interest per year

  • 0.0

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • Denys Serhiichuk
    📈 Price Predictions

    Monday has started with bullish movements. Are we following the example of the previous week or something new is going to happen on the market?

TOP 3 Price Predictions: Bitcoin, ETH, XRP — A Bounce Back Happened: Where Are We Moving Now?
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.

Contents

Monday, Apr. 15 has started with a new bullish wave, recovering the positions of the previous week.

Regarding the fundamental factors, investors have increased the number of long positions on Bitcoin by 88%, which is a confirmation of a long-term bullish run.

Among the top 3 coins, Ethereum has shown the biggest growth, having increased by approximately 3.2% by the past 24 hours.

In this regard, the BTC’s domination rate went down and now constitutes 51.8%

BTC/USD

At the beginning of last week, we saw an increase, but then there was a rollback to the support level of $5,000. Currently, the resistance zone is at $5,436. If the price breaks through this point, this mark will serve as a good entry opportunity.

BTC/USD chart by TradingView

On the other hand, although the RSI indicator shows a bullish sign, it is in the overbought area. Based on this data, one can say that pullback is still possible. While it is difficult to judge the depth of the correction, it is worth focusing on the support zone of $,4784 - $ 4,845.

In addition, although now it seems unlikely, we should not forget about the possible breakdown of this support. If this occurs, then the price may drop to $4,219.

The price of BTC is trading at $5,194.82 at the time of writing.

ETH/USD

After the breakdown of the level of $156, the mark of $184 became a serious resistance, and it was not possible to break through it.

At the moment the rate has fixed at around 0.38 Fibonacci retracement. If the price passes this mark down with a break of the 20-day EMA, this will serve a bearish sign.

ETH/USD chart by TradingView

What is more, the number of traders making bets against Ethereum (ETH) dropped to a record low, indicating a sharp change in investor sentiment.

The price of ETH is trading at $168.11 at the time of writing.

XRP/USD

The nature of the XRP quotes, as well as the MACD indicator and the RSI oscillator, show a recruitment position.

However, there is no demand for high levels of Ripple. Each upward movement is extinguished, which leads to fluctuations within the range of $0.31- $0.36.

XRP/USD chart by TradingView

The probability that the price will fall below $0.28 is extremely low. In this case, the Bollinger bands indicate the divergence of the channel. This can serve as a good reason for the test mark of $0.41, followed by consolidation above the level.

The price of XRP is trading at $0.3291 at the time of writing.

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

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.

Recommended articles
CLOUD MININGPromoted
0
📰 News
777 views

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

Put your
crypto to
work
  • 0.00

    Interest per week

  • 0.00

    Interest per year

  • 0.0

    Interest rate

Join Now!
Sponsored by Celsius.Network
  • 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.     

👉MUST READ

Tim Draper Says His $250,000 Bitcoin Price Prediction Is Not Based on Halvening

Tim Draper Says His $250,000 Bitcoin Price Prediction Is Not Based on Halvening

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. 

In this Telegram channel you’ll find fresh news, interviews, infographics, forecasts & other helpful stuff. Join U.Today's channel.

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.

Recommended articles
CLOUD MININGPromoted