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

  • 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.

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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's Parabolic Uptrend Remains Intact Despite Price Collapse: Tuur Demeester

  • Alex Dovbnya
    📰 News

    Tuur Demeester wants you to buy the dip as Bitcoin touches the support of its parabolic uptrend for the first time since March

Bitcoin's Parabolic Uptrend Remains Intact Despite Price Collapse: Tuur Demeester
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.

Tuur Demeester of Adamant Capital has just taken to Twitter to calm down Bitcoin enthusiasts who might have been swayed by incredibly bearish sentiment on crypto Twitter. 

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Bitcoin recently dropped to $6,800, its lowest level since early May. However, Demeester apparently sees this as yet another opportunity to buy the dip. He states that top coin's parabolic uptrend that started at the beginning of 2015 hasn't been violated. However, Bitcoin has tapped support for the first time since March when Bitcoin was trading well below $4,000. 

Shortly after printing a huge red candle on the logarithmic chart, the Bitcoin price spiked by 20 percent on Apr. 2, which started the coin's massive run to $13,700. 

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As of now, BTC is down by nearly 50 percent from its yearly high, but this might not be the end of the nightmare for Bitcoin bulls. According to trading exert Josh Rager, the crypto king could plunge below the $7,000 level again after a fakeout to the $7,500 range. 

Gold bug Peter Schiff recently predicted that BTC could collapse to $10,000 level after competing the head-and-shoulders pattern.  

At the time of writing, BTC is sitting $7,313, CoinStats data shows. 

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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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