Preparing data for you could take a moment.
Thank you for your patience.
It is worth the wait.
We frequently make our website faster.
Bitcoin Price Prediction: BTC/USD Trades Above $37,400

Bitcoin Price Prediction: BTC/USD Trades Above $37,400

Bitcoin Price Prediction – June 13

The Bitcoin price touches the major resistance level at $37,490 instead of just battling with supports.

BTC/USD Long-term Trend: Bearish (Daily Chart)

Key levels:

Resistance Levels: $43,000, $45,000, $47,000

Support Levels: $30,000, $28,000, $26,000

Bitcoin Price Prediction
BTCUSD – Daily chart

BTC/USD is currently pushing the price above the nearest resistance level. The coin is moving above $37,000 to trade at $37,390 at the time of writing. More so, the Bitcoin price has gained over 5% since the European session as it is using $34,780 support as a jumping-off ground to develop the upside momentum, which is now gaining traction.

Bitcoin Price Prediction: What Could Be the Next Move?

The return above $37,000 could set the framework for gains towards $40,000. Meanwhile, the technical indicator shows that the bulls are ready for action especially when the up-trending Relative Strength Index (14) is considered. Any further bullish movement above the 9-day and 21-day moving averages could pave the way for gains above $38,500. Other resistance levels are located at $43,000, $45,000, and $47,000.

Looking at the downside, if the Bitcoin price falls back below the $35,000 level and move to cross below the moving averages, the bears may wrestle out the control over the situation very quickly and the next important support may come at $33,000, which could be followed by $30,000, $28,000, and $26,000 support levels.

BTC/USD Medium – Term Trend: Bullish (4H Chart)

Looking at the 4-hour chart, the Bitcoin price is currently trading around $38,796 above the 9-day and 21-day moving averages after a reversal from $34,840. Meanwhile, the 4-hour chart shows that the bullish supply is coming up in the market while the bears are also trying to bring the price down.

blank
BTCUSD – 4 Hour Chart

Furthermore, if the buyers could strengthen and energize the market more, they can further push the price to a $40,000 resistance level. Therefore, breaking the mentioned resistance may likely allow the bulls to test the $41,000 and above. In other words, the Relative Strength Index (14) is currently moving towards the overbought region, but when it turns down; the bears could step back into the market and bring the price to the support level of $36,000 and below.

Looking to buy or trade Bitcoin (BTC) now? Invest at eToro!

75% of retail investor accounts lose money when trading CFDs with this provider

Source

Bitcoin Price Prediction: BTC/USD Price Plummets Below $36,000

Bitcoin Price Prediction: BTC/USD Price Plummets Below $36,000

Bitcoin Price Prediction – June 12

The Bitcoin price is spreading the bearish move to areas just below $35,000 after numerous attempts to hold gains above $37,500.

BTC/USD Long-term Trend: Bearish (Daily Chart)

Key levels:

Resistance Levels: $42,000, $44,000, $46,000

Support Levels: $30,000, $28,000, $26,000

Bitcoin Price Prediction
BTCUSD – Daily Chart

BTC/USD falls below $37,448 as the largest cryptocurrency embarked on a support smashing exercise after failing to hold above $37,000 following a significant breakout in the last few days. Therefore, the bearish control is seen across the market with other major digital assets posting similar losses as they trade below the 9-day and 21-day moving averages.

Bitcoin Price Prediction: Can BTC Price Go Lower?

The Bitcoin price is trading at $38,825 with an intraday loss of 4.05%. The prevailing trend is bearish with expanding volatility. However, the first digital asset is currently consolidating in a bearish flag pattern. Meanwhile, a breakout in this pattern in the direction of the previous trend is expected to continue. In this case, BTC/USD is expected to drop and stay below 9-day and 21-day moving averages and could move towards the critical support levels at $30,000, $28,000, and $26,000.

However, if the Bitcoin price stays above the moving averages; the price could rise to $38,000 vital resistance. Therefore, a further bullish drive could push the price to $42,000, $44,000, and $46,000 resistance levels. The technical indicator Relative Strength Index (14) is moving below 45-level, which shows a possible more bearish momentum may continue to play out.

BTC/USD Medium – Term Trend: Ranging (4H Chart)

At the opening of the market today, the Bitcoin price first went up but dropped slightly within 24 hours, bringing its price from $37,448 to reach around $35,790. Should the price continue to drop below the 9-day and 21-day moving averages, it could reach the nearest support level at $33,000 and below.

blank
BTCUSD – 4 Hour Chart

However, should in case the bulls push the coin above the upper boundary of the channel, the Bitcoin price could reach the potential resistance level of $38,000 and above. Presently, the market may continue to move sideways or experience an uptrend as the Relative Strength Index (14) indicator moves above 45-level.

Looking to buy or trade Bitcoin (BTC) now? Invest at eToro!

75% of retail investor accounts lose money when trading CFDs with this provider

Source

Ethereum Price Prediction: ETH/USD Breaches Southward Slightly

Ethereum Price Prediction: ETH/USD Breaches Southward Slightly

Breaches Southward Slightly – June 12
The market operation between Ethereum and the US Dollar breaches southward slightly at the recent lower range zone of $2,500 to now trade around $2,334 line at a reduction of -0.84 percent.

Breaches Southward Slightly: ETH Market
Key Levels:
Resistance levels: $3,000, $3,500, $4,000
Support levels: $2,000, $1,800, $1,600

blank

ETH/USD – Daily Chart

The ETH/USD daily chart depicts that there have been serial short falling pressures in the crypto economy from June 4 until the present around the range trading zone of $2,500level. The 50-day SMA indicator and the 14-day SMA trend-line are pointing toward the east as the bearish trend-line drew across the smaller SMA at a near-front spot. The Stochastic Oscillators have slantingly bent downward from the overbought region to touch range 20. That, to some extent, indicates that the ETH/USD market may still experience more slight falling pressures.

Will the ETH/USD market hold lowering long, as it now breaches south?

Holding long lowering in the Ethereum market versus the US Dollar as price now breaches southward slightly seems releasable only for a while. In the light of that technical trading assumption, it would be necessary that bulls needed to be on the lookout as to whether a bullish signal candlestick will emerge from the depth of a lower trading zone to be able to consider a decent buy entry position.

At this point, traders contemplating to go short further as regards the level of the lower trading situation of this crypto market are enjoined to think twice. A further southward push below the $2,500 level could only be that price will heading down to test the immediate support level of $2,000. In another technical trading sense that, It is one best investment time that an investor may consider worthy of joining now.
blank

ETH/BTC Price Analysis

Comparing the market trending outlook between Ethereum and Bitcoin, the price analysis chart depicts that only the smaller SMA trend-line now breaches southward slightly at one of the higher levels that the base crypto has pushed against the flagship counter crypto previously. As result, the base crypto still posses more trending weight than the counter crypto. The bullish trend drew between the 14-day SMA and the 50-day SMA as they all point more importantly to the north. The Stochastic Oscillators are dipped into the oversold region with the lines closed in an attempt to possibly point back to the north. In the light of that, it could be said that the base tool will in no time regain its stances to push against the counter trading instrument.

Looking to buy or trade Bitcoin (BTC) now? Invest at eToro!

75% of retail investor accounts lose money when trading CFDs with this provider

Source

Ripple Price Prediction: XRP/USD Drops Below $0.89

Ripple Price Prediction: XRP/USD Drops Below $0.89

Ripple Price Prediction – June 11

The Ripple price is down by 1.28% in the last few hours as the current market value has gone below $0.86.

XRP/USD Market

Key Levels:

Resistance levels: $1.17, $1.27, $1.37

Support levels: $0.60, $0.50, $0.40

Ripple Price Prediction
XRPUSD – Daily Chart

XRP/USD touches the daily high at $0.89 before giving a bearish signal at the time of writing, the coin is trading below the 9-day and 21-day moving averages as the technical indicator Relative Strength Index (14) keep moving sideways below 45-level. Meanwhile, a break below this level could give the market enough strength to dig dip, but crossing above the 9-day and 21-day moving averages might lead the market to a bullish scenario.

Ripple Price Prediction: Price May Consolidate to the Downside

At the moment, the Ripple price is demonstrating a sign of weakness across its markets. Looking at the daily chart, XRP/USD market is down by 1.28%, reflecting a price drop in the market and the fall might become heavy if the bearish action continues. Therefore, since the Ripple price is moving bearishly, traders can expect the trend to keep advancing lower if the price actions still remain below 9-day and 21-day MAs.

Meanwhile, a break above the moving averages could strengthen the bulls and could push the price to the resistance levels of $1.17, $1.27, and $1.37, or a breakdown might lead the market in a bearish scenario if the price continues to fade, the price may likely reach the supports at $0.60, $0.50, and $0.40.

Looking to buy or trade Ripple (XRP) now? Invest at eToro!

75% of retail investor accounts lose money when trading CFDs with this provider

Against BTC, the Ripple price is sliding below the 9-day and 21-day moving averages. Therefore, if the selling pressure continues, the XRP price variation may create another low. At the moment, the technical indicator Relative Strength Index (14) is crossing into the negative side; we may continue to see a negative move in the market as much as the coin continues to trade around the lower boundary of the channel.

blank
XRPBTC – Daily Chart

However, the Ripple (XRP) is currently hovering at 2292 SAT and if the coin crosses below the channel, traders may expect close support at 2200 SAT before breaking to 1800 SAT and below. More so, should in case a bullish movement occurs and break above the 9-day and 21-day MAs; we can then confirm a bull-run for the market and the nearest resistance levels lie at 2800 SAT and above.

Looking to buy or trade Ripple (XRP) now? Invest at eToro!

75% of retail investor accounts lose money when trading CFDs with this provider

Source

Ethereum Price Prediction: ETH/USD Defends $2400

Ethereum Price Prediction: ETH/USD Defends $2400

Ethereum Price Prediction – June 10

The Ethereum price sees a 6.57% price fall within the few hours of trading as it drops back towards $2400.

ETH/USD Market

Key Levels:

Resistance levels: $3200, $3400, $3600

Support levels: $1800, $1600, $1400

Ethereum Price Prediction
ETHUSD – Daily Chart

ETH/USD is currently declining and it may likely trade below the lower boundary of the channel. The Ethereum price is holding the $2428 support level, but there is a possibility of sideways movement in the nearest term. The pair is currently consolidating near $2400 and it could decline towards the $2200 support as the technical indicator faces the south. More so, the Ethereum price is struggling to resume higher and it might revisit the $2400 support level before it could climb again.

Ethereum Price Prediction: Will ETH see a further Downside?

If there is an upside break above $2500, the Ethereum price could test the $3000 resistance level. Any further gains might push the price towards the $3200, $3400, and $3600 resistance levels. On the downside, the $2200 level is initial support. If there are more downsides, the price could test the critical support levels of $1800, $1600, and $1400, where the bulls are likely to take a stand.

Looking to buy or trade Ethereum (ETH) now? Invest at eToro!

75% of retail investor accounts lose money when trading CFDs with this provider

In the meantime, ETH/USD is yet to show some positive signs above the $2800 level, but it could dip further in the short term. Having said that, the Ethereum price may likely bounce back above $2600, as long as there is no daily close below $2400. However, the Relative Strength Index (14) is following a sideways movement at 44-level, indicating an indecisive market movement.

Against Bitcoin, the Ethereum price is now trading below the 9-day and 21-day moving averages within the ascending channel as the bears are still dominating the market. ETH/BTC is currently trading at 0.0678 BTC and the bulls couldn’t push the price to the north. Looking at the chart, if the price continues to drop, the next key supports may likely be at 0.056 BTC and below.

blank
ETHBTC – Daily Chart

In other words, a possible bullish movement could push the market above the 9-day and 21-day moving averages within the channel, a break above this may enable Ethereum price to reach a high of 0.820 BTC and above but the Relative Strength Index (14) is crossing below 50-level, which shows that the market might experience more downtrends.

Looking to buy or trade Ethereum (ETH) now? Invest at eToro!

75% of retail investor accounts lose money when trading CFDs with this provider

Source

Bitcoin Price Prediction: BTC/USD Price Stables Above $36,500

Bitcoin Price Prediction: BTC/USD Price Stables Above $36,500

Bitcoin Price Prediction – June 9

The Bitcoin price is trading nicely above the $36,500 and the coin must climb above the $37,000 resistance to continue higher.

BTC/USD Long-term Trend: Bearish (Daily Chart)

Key levels:

Resistance Levels: $43,000, $45,000, $47,000

Support Levels: $28,000, $26,000, $24,000

Bitcoin Price Prediction
BTCUSD – Daily Chart

BTC/USD begins to improve today, although many coins are following the footstep of Bitcoin as well. The Bitcoin price also reflected a similar movement as the coin improve in price movement at the moment. Within the first few hours of today’s trading, BTC/USD could have moved up from $32,408 to $36,950 and now $36,530.

Bitcoin Price Prediction: Ready to Move Higher?

The Bitcoin price is yet to cross above the 9-day and 21-day moving average as the pair may be settling in a tight range between $32,000 and $38,000 below the 9-day and 21-day moving averages. In addition, this current session is seeing Bitcoin and other major cryptos exchanging in a good tone.

However, the Bitcoin price and the daily candle are trading at $36,530 below the 9-day and 21-day moving averages. The next resistance levels lies at $43,000, $45,000, and $47,000. However, if the Bitcoin price failed to cross above the 9-day and 21-day MAs; we may see a price cut to break below the channel at $30,000 vital support. Therefore, a further low drive could send the price to $28,000, $26,000, and $24,000 supports. For now, the Relative Strength Index (14) is moving above 40-level, suggesting more bullish signals into the market.

Looking to buy or trade Bitcoin (BTC) now? Invest at eToro!

75% of retail investor accounts lose money when trading CFDs with this provider

BTC/USD Medium-Term Trend: Ranging (4H Chart)

Looking at the chart, BTC/USD is clearly facing a lot of resistance near the $36,700 and $36,800 levels. A successful close above the $37,000 level is a must for bullish acceleration. If not, there is a risk of a downside extension below the $35,000 support. If there is a downward move, initial support is near the $34,000 level and the main support is near the $32,000 level, below which there is a risk of another decline towards $30,000.

blank
BTCUSD – 4 Hour Chart

Furthermore, if there are more gains, the $36,500 level is likely to act as a major hurdle in the near term for Bitcoin. So if there is an upside break above the $37,000 resistance, the next stop for the bulls may perhaps be near the $40,000 and above as the Relative Strength Index (14) is likely to move above 60-level, which indicates that additional bullish trends may come into play.

Looking to buy or trade Bitcoin (BTC) now? Invest at eToro!

75% of retail investor accounts lose money when trading CFDs with this provider

Source