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TOP 3 Price Predictions for BTC, ETH, and XRP: Have Bearish Sentiments Passed?

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  • Denys Serhiichuk
    📈 Price Predictions

    The bulls are losing ground. Are the bears gaining a foothold in the market?

TOP 3 Price Predictions for BTC, ETH, and XRP: Have Bearish Sentiments Passed?
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.

While the cryptocurrency market remains uncertain, the top 10 coins are located in the green. Bitcoin's dominance rate constitutes 66.05%, and the total capitalization has surpassed the $200 billion mark.

Top 10 coins by Coinstats

Below is key data for Bitcoin (BTC), Ethereum (ETC), and XRP (XRP):

Name

Ticker

Market Cap

Price 

Volume (24H)

Change (24H)

Bitcoin

BTC

$136,995,772,896

$7,579.82

$18,578,175,157

0.35%

Ethereum

ETH

$16,801,763,549

$154.52

$6,980,357,678

1.38%

XRP

XRP

$9,878,395,351

$0.228139

$1,283,834,527

0.62%

 

BTC/USD 

A confident breakdown of the neckline reversal pattern indicates that the path of least resistance has been paved. This is also evidenced by a transition to a pattern of rising lows and highs in price.

BTC/USD chart by TradingView

With the current situation, the targeted "inverted Head and Shoulders" figure is $8,200. However, BTC may encounter resistance along the way near the $7,800 mark, as well as hit the 100-day moving average (MA), which is currently passing the $7,936 mark.

At press time, BTC is trading at $7,599.

ETH/USD

While BTC continues to trade within the local bullish channel, ETH has risen by 1.38% since yesterday.

ETH/USD chart by TradingView

ETH has almost reached the $155 level, the last support mark before dropping to $135. However, there are few chances that this major altcoin will rise in the short-term because the trading volume remains low. 

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Ethereum (ETH) Price Prediction: Can Buyers Fix the $150 Level?

Ethereum (ETH) Price Prediction: Can Buyers Fix the $150 Level?

Looking at the chart, the Ichimoku Cloud pattern confirms a decline between the range of $155-$160. Respectively, the drop may push the price down below $150 area.

At press time, ETH is trading at $154.87.

XRP/USD

XRP is trying to recover from a $0.20 drop. Currently, the coin is trading sideways, and its rate has increased by 0.62% in the last 24 hours.

XRP/USD chart by TradingView

Looking at the 4H chart, the Bollinger Bands confirm a local bullish mood. The rate might reach the $0.30 mark and encounter a resistance line. From that point, traders might expect a continuing downtrend as buyers have no intention of buying back XRP.

At press time, XRP is trading at $0.2289.

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

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  • Alex Dovbnya
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    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.     

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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. 

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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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