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📈 Price Predictions
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TOP 3 Price Predictions: BTC, ETH, XRP — XRP Gains 5%, Leaving Bitcoin and Ethereum Behind

  • Denys Serhiichuk
    📈 Price Predictions

    Top coins are trading differently. Which one is about to show the biggest rise shortly?

TOP 3 Price Predictions: BTC, ETH, XRP — XRP Gains 5%, Leaving Bitcoin and Ethereum Behind
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.

The new week has started positively for the most top coins, as they are trading in the green zone. However, such a statement cannot be applied to Bitcoin whose rate dropped at the end of October 13. Meanwhile, BTC and its fork Bitcoin SV are facing a decline over the last 24 hours. XRP is the top gainer today, its rate has soared by more than 5%.

Top 10 coins

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

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$150 334 747 092

$8 356,04

$14 429 098 034

-0,22%

Ethereum

ETH

$19 904 422 311

$184,06

$6 816 394 270

1,17%

XRP

XRP

$12 460 650 573

$0,288663

$1 395 652 494

5,01%

BTC/USD 

Our earlier Bitcoin price forecast came true as the coin increased to the level above $8,400 before faced a decline to the previous support at $8,300. 

BTC/USD chart by TradingView

On the 1H chart, Bitcoin could not show a fast price recovery after a sharp fall on October 11. The leading cryptocurrency preferred to locate in a sideways trend, followed by a further decrease. The coin is likely to show the same price actions, as sellers are running out of steam and the MACD indicator is not going down. 

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All in all, Bitcoin is about to trade between the levels of $8,100 and $8,300 in the next few days.

Bitcoin is trading at $8,313 at press time.

ETH/USD 

Ethereum is trading in a completely different direction than Bitcoin. If the top cryptocurrency locates in a sideways trend after each decline, ETH shows a price rise in most cases.

ETH/USD chart by TradingView

Ethereum is getting out from yesterday’s decline when the rate plummeted by more than 3% over 1 hour. Taking into account the historical background, ETH will touch the level at $186 soon. 

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The rising MACD also supports the bullish tendencies of the leading altcoin. Once that zone is reached, the coin might face a correction as it was before.

Ethereum is trading at $183.50 at press time.

XRP/USD

XRP is the biggest gainer today out of the top 10 coins. Its rate has rocketed by 5% over the last 24 hours.

XRP/USD chart by TradingView

On the 4H chart, XRP has almost touched the psychological level at $0.30. The coin has still chances to achieve it, however, most likely it will roll back to the point at $0.2830 which serves the nearest support. The oversold RSI also indicates the upcoming correction. 

Summing up, the level at $0.2830 should be reached until October 17.

XRP is trading at $0.2914 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's Parabolic Uptrend Remains Intact Despite Price Collapse: Tuur Demeester

  • Alex Dovbnya
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    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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