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TOP 3 Price Predictions: BTC, ETH, XRP — Bitcoin is Back Above $8,000. Can ETH and XRP Recover Faster?

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  • Denys Serhiichuk
    📈 Price Predictions

    Which top coin is likely to show the biggest growth against the bearish market mood?

TOP 3 Price Predictions: BTC, ETH, XRP — Bitcoin is Back Above $8,000. Can ETH and XRP Recover Faster?
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.

ByBit

After yesterday's growth, cryptocurrencies are coming back to their previous levels. Buyers are not strong enough to support the market in a bullish trend, and even Bitcoin is still not ready to move up. 

At the same time, XRP is looking interesting, where a reversal pattern is being formed. The price of the coin is ready for a new wave of growth in case of a breakdown of resistance. Moreover, the third most popular crypto is the top gainer today, as its rate has increased by almost 4% over the last day.

Top 10 coins by Coinstats

The key data of Bitcoin, Ethereum, and XRP are looking the next way.

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$143 315 915 484

$7 962,67

$14 626 411 064

-0,51%

Ethereum

ETH

$18 948 201 788

$175,13

$6 860 189 791

0,22%

XRP

XRP

$12 687 560 146

$0,293919

$1 904 020 508

3,99%

BTC/USD 

Our earlier Bitcoin price prediction came true earlier than predicted. The price of the chief crypto has plummeted by $100 just in one hour.

BTC/USD chart by TradingView

On the 4H chart, the price tried to test the support area after the rebound. The current structure should be considered as a descending 'Flag'. In the case of closing below the level of $7,630, the model is expected to complete and quotes fall to the level of $6,875.

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A breakdown of this area will indicate a decline to the level of $5,750. The shift of RSI values under the support line indicates a high probability of further downward movement.

Bitcoin is trading at $7,892 at press time.

ETH/USD 

Bears provoked another rebound from moving averages, which indicates the presence of sellers in the market, despite an attempt to grow a week earlier.

ETH/USD chart by TradingView

Analysis of the 4H chart indicates a potential drop to $146. The price will likely test the $120 area, where the lower border of the downward channel is located. The formation of a reversal model on the RSI is in favor of such a scenario.

Ethereum is trading at $173.49 at press time.

XRP/USD

XRP is the biggest gainer today as compared to Bitcoin and Etheruem. Its rate has increased by 3% at press time. 

XRP/USD chart by TradingView

On the 4-hour chart, XRP has been moving in the uptrend since early October. At the moment, quotes are testing the support area, where the indicator signal lines are located. One should expect a rebound from them and continued growth to the first target at $0.32. 

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Confirmation will be a breakdown of the upper boundary of the downward channel and consolidation above the level of $0.30.

XRP is trading at $0.2886 at press time.

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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 Forms Diamond Bottom Pattern, Signalling Bullish Breakout

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  • Alex Dovbnya
    📰 News

    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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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

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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