Cryptocurrencies price prediction: Bitcoin, Bitcoin Cash & Ethereum - 19 August


Bitcoin price analysis: BTC/USD completes first leg up to $10,700

Bitcoin has finally made a gigantic leap out of the range of uncertainty. The battle between the bears and the bulls at $10,200 - $10,435 had reached a stalemate during the weekend sessions. The momentum without a sense of direction while the bears stamped down their control limiting gains above $10,600.

At press time, we see Bitcoin having extended the gains above both the 50 Simple Moving Average (SMA) and the 50 SMA. The break above the hurdle at $10,700 finally completed the leg from $10,200. While the upside has stalled, the buyers are getting ready for the second leg above $11,000 and later $10,200.

Bitcoin

Bitcoin Cash market overview: BCH/USD lethargic bullish momentum stalls at 61.8% Fib level

Bitcoin Cash failure to break above $360 during the trading sessions last week. This left a gap that the bears wasted no time exploring. BCH/USD bearish action trimmed the gains first below the moving averages. The tentative support around the 38.2% Fib retracement level taken between the last drop from a high of $358.16 to a low of $267.35 close to $300.

The negative volatility surged sending Bitcoin Cash briefly under $270. A low established at $267.35 allowed the rebound above $300. The battle to break the resistance at $330 is yet to be won. Instead, Bitcoin Cash is trading sideways in a narrow range between the confluence created by the 50% Fib level and the 50 Simple Moving Average (SMA) and $330 hurdle.

Bitcoin Cash

Ethereum market update: ETH/USD briefly surges to stay above $200

Ethereum hovers above $200 following a new week’s price action. The weekend session was particularly bullish for ETH. The bulls managed to escape the bear range between $180 and $190. This price action set the ground for the breakout above $200 on Monday.

At the time of writing, Ethereum bulls have control over the price. However, the momentum has stalled $202.43 following a 3.15% rise on the day. The 50 Simple Moving Average one-hour is expanding the gap above the 100 SMA one-hour as a key indicator that the buyers will win the confrontation with a break above $205 (seller congestion zone).

Ethereum

 

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Top 3 price prediction Bitcoin, Ripple, Ethereum: Bakkt to the Future

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Litecoin (LTC) gets back to the lower border of the channel - where from here?

Litecoin, now the fifth-largest digital asset with the current market value of $4.5 billion, has lost nearly 50% of its value in just three months. While the coin managed to regain some ground from the recent low of $62.16, it is still mored in the long-term bearish trend. 

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Ripple market update: XRP/USD declines five days in a row as the hype is over

Ripple’s XRP topped at $0.3268 on September 18 and has been on retreat ever since. The coin has been sliding down for the fifth day in a row and hit $0.2682 low on Sunday. 

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TRON market update: TRX/USD lived through the worst day since September 6

TRON (TRX) was a big loser on Sunday, The coin crashed from $0.0181 to $0.0165, which is the worst one-day decline since the end of August. While the coin has recovered from the recent low of $0.0139 reached on September 6

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Bitcoin weekly forecast: Let the altcoin season begin

All major altcoins demonstrated strong growth while Bitcoin reluctantly oscillated in a tight range and stayed vulnerable to bearish sentiments. The first digital currency spends the best part of the week hovering around $10,200 level.

Read the weekly forecast

BTC

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XRP