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Showing posts with the label moving averages

Bitcoin Price Prediction for Today, November 3: BTC/USD Range-bounds; A Recovery to $21k Resistance?

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The Bitcoin price prediction shows that BTC slumps below the resistance level of $20,390 as further downside momentum appears to be imminent. Bitcoin Prediction Statistics Data: Bitcoin price now – $20,148 Bitcoin market cap – $370.6 billion Bitcoin circulating supply – 19.1 million Bitcoin total supply – 19.1 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $24,000, $25,000, $26,000 Support Levels: $17,000, $16,000, $15,000 BTC/USD touches the resistance level of $20,390 during the European session today but the king coin is at the time of writing hovering at $20,148 after dropping from the daily high. More so, where Bitcoin will go next after this retreat is likely to depend on the ability of the bulls to hold the price above the key support at $20,000. Bitcoin Price Prediction: Would Bitcoin Go Up or Down? The Bitcoin price remains intact within the 9-day and 21-day mo...

Bitcoin Price Prediction for Today, October 27: BTC/USD Fails to Break $21,000

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The Bitcoin price prediction slumps below the resistance level of $20,878. Further downside momentum may come to play, but $20,000 may likely come out as support. Bitcoin Prediction Statistics Data: Bitcoin price now – $20,590 Bitcoin market cap – $395.8 billion Bitcoin circulating supply – 19.1 million Bitcoin total supply – 19.1 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $24,000, $25,000, $26,000 Support Levels: $18,000, $17,000, $16,000 BTC/USD range-bounds with the selling pressure seen around the $20,434 level which is stopping it from seeing any major gains. Meanwhile, traders are not surprised by the selling pressure as bears are trying to defend against a break above the upper boundary of the channel. However, until bulls keep the price above this barrier, the Bitcoin price may face a prolonged sideways movement or drop below the current market value. Bitcoi...

Bitcoin, Ethereum Technical Analysis: BTC, ETH Hit 6-Week Highs as Dollar Loses Steam

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Bitcoin rose to its highest level in six weeks on Wednesday, as the U.S. Dollar continued to weaken versus several G7 currencies. The latest decline in USD comes as consumer confidence in the United States fell by more than expected in October. Ethereum was also trading at a multi-week high in today’s session Bitcoin Bitcoin (BTC) was back above $20,000 during today’s session, as crypto bulls pushed prices to a multi-week high while the U.S. dollar lost strength. Following a low of $19,278.74 yesterday, BTC/USD raced to an intraday high of $20,702.72 on Wednesday. Today’s move sees the world’s largest cryptocurrency hit its strongest point since September 13, when prices were close to $23,000. BTC/USD – Daily Chart Looking at the chart, Wednesday’s surge comes as bullish pressure was finally able to intensify, moving beyond the resistance of $19,600 in the process. The 14-day relative strength index (RSI) also moved higher, breaking ou...

Bitcoin Price Prediction for Today, October 25: BTC/USD Signals Fresh Increase towards $20k

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The Bitcoin price prediction retested the $19, 240 support level as it is now rising, but it must clear $19,800 and the moving averages for a steady increase. Bitcoin Prediction Statistics Data: Bitcoin price now – $19,644 Bitcoin market cap – $376.7 billion Bitcoin circulating supply – 19.1 million Bitcoin total supply – 19.1 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $22,000, $23,000, $24,000 Support Levels: $17,000, $16,000, $15,000 BTC/USD is currently recovering higher from the $19,240 support zone and the first digital asset must trade above the 9-day and 21-day moving averages to start a fresh increase in the near term. Looking at the daily chart, traders could see that the Bitcoin price is yet to break above the upper boundary of the channel. Bitcoin Price Prediction: Would BTC Climb Higher this time? As revealed by the daily chart, the Bitcoin price fac...

Bitcoin Price Prediction for Today, October 24: BTC/USD Trades at $19,331 as Correction Lingers

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The Bitcoin price prediction is slightly under $19,500 amid the struggle to extend the bullish leg above the $20,000 resistance. Bitcoin Prediction Statistics Data: Bitcoin price now – $19,331 Bitcoin market cap – $372.7 billion Bitcoin circulating supply – 19.1 million Bitcoin total supply – 19.1 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $22,000, $23,000, $24,000 Support Levels: $17,000, $16,000, $15,000 BTC/USD is trading around the 9-day and 21-day moving averages, as the market price remains above $19,000. During the European session today, the Bitcoin price trades near the $20,000 resistance. Initially, trading above $20,000 has been an uphill battle for the coin, while most of the price actions toward the upside stalled around this level. Bitcoin Price Prediction: Bitcoin (BTC) Could Remain Flat The break above $20,000 is going to be a big step for the Bitco...

Biggest Movers: ADA Nears 1-Week Peak, as MATIC Moves to Highest Point Since September

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Cardano closed in on a one-week high to start the week, as the token climbed for a fourth straight session. Polygon was also in the green, and collided with a key resistance level in the process. Overall, the global crypto market cap is currently 1.30% higher as of writing this analysis. Cardano (ADA) Cardano (ADA) climbed for a fourth straight day to start the week, pushing it closer to a one -week high in the process. Less than 24 hours after falling to a low of $0.3498, the token surged to an intraday high of $0.3646 earlier today. The move saw ADA/USD hit its highest point since last Tuesday, moving towards a price ceiling in the process. ADA/USD – Daily Chart Looking at the chart, the aforementioned resistance of $0.3755, which was last hit on October 18, and seems to be the target for current bulls. In order to recapture this point, traders will first need to climb another resistance, this time on the 14-day relative strength index (RSI). As of writing this, the in...

Ethereum Price Prediction for Today, October 21: ETH/USD Could Fall Below $1200 Support

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The Ethereum price prediction is approaching a crucial support level which could take the second digital asset to the downside. Ethereum (ETH) Statistics Data: Ethereum price now – $1265.43 Ethereum market cap – $157.1 billion Ethereum circulating supply – 122.3 million Ethereum total supply – 122.3 million Ethereum Coinmarketcap ranking – #2 ETH/USD Market Key Levels: Resistance levels: $1600, $1700, $1800 Support levels: $1000, $900, $800 As the daily reveals, ETH/USD is trading down by 1.36% at its current price of $1,265, which marks a notable decline from its daily highs of $1,292 that was set today when the bulls attempted a slightly positive move. Meanwhile, in the past few days, the Ethereum price has been able to find the support at $1,254 level, as revisiting this level may increase the bearish movement. Ethereum Price Prediction: ETH Not Yet Ready for the Upside According to the daily chart, the Ethereum price is heading to the dow...

Ripple Price Prediction for Today, October 16: XRP/USD Ready to Break Above $0.50 Level

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The Ripple (XRP) price prediction may begin to show a bullish movement if the market could rise above the $0.50 resistance level. Ripple (XRP) Statistics Data: Ripple price now – $0.48 Ripple market cap – $24 billion Ripple circulating supply – 49.9 billion Ripple total supply – 99.9 billion Ripple Coinmarketcap ranking – #6 XRP/USD Market Key Levels: Resistance levels: $0.60, $0.65, $0.70 Support levels: $0.40, $0.35, $0.30 Buy Ripple Now Your capital is at risk XRP/USD is moving sideways as the market remains below the 9-day and 21-day moving averages . Apart from this, the Ripple price still needs to conquer the resistance level of $0.50 within the channel so that the price can rise as soon as this is done. Ripple Price Prediction: XRP/USD Could Shoot to the North The daily chart shows that the Ripple price is attempting to create a new positive trend, and traders may expect a bullish continuation towards the upside, which could tes...

Cardano Price Prediction for Today, October 10: ADA/USD Slumps as Price Drops Below $0.42

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According to the daily chart, the Cardano (ADA) price prediction remains below the moving averages as the coin trades below the $0.42 level. Cardano Prediction Statistics Data: Cardano price now – $0.41 Cardano market cap – $14.2 billion Cardano circulating supply – 34.2 billion Cardano total supply – 35 billion Cardano Coinmarketcap ranking – #8 ADA/USD Market Key Levels: Resistance levels: $0.50, $0.52, $0.54 Support levels: $0.35, $0.33, $0.31 Buy Cardano Now Your capital is at risk ADA/USD is likely to remain below the 9-day and 21-day moving averages as the coin heads to gain more downtrends. However, as the bears step back into the market, the Cardano price is seen losing momentum below the moving averages along with a potential price surge. Cardano Price Prediction: ADA/USD May Follow the Downtrend The Cardano price is moving bearishly as the bears take charge of the market. Meanwhile, a bullish cross above the 9-day and 21-day m...

Stellar Price Prediction for Today, October 8: XLM/USD Trades Bullishly Above $0.125

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Join Our Telegram channel to stay up to date on breaking news coverage The Stellar price prediction shows that XLM is attempting to cross above the upper boundary of the channel. Stellar Prediction Statistics Data: Stellar price now – $0.126 Stellar market cap – $3.1 million Stellar circulating supply – 25.54 billion Stellar total supply – 50 billion Stellar Coinmarketcap ranking – #25 XLM/USD Market Key Levels: Resistance levels: 0.140, $0.142, $0.144 Support levels: $0.110, $0.108, $0.106 Buy Stellar Now Your capital is at risk XLM/USD peaks at $0.127 today, after which the coin begins to consolidate within the channel. However, the Stellar will have to stay above the 9-day and 21-day moving averages in other to guide against the downward pressure while the closest support expects the coin at $0.120, which could be a daily low. Stellar Price Prediction: Stellar Likely to Hit $0.130 High At the time of writing, the Stellar price ...