Cryptocurrencies price prediction: Bitcoin, Ethereum, Ripple - 26 June


Bitcoin price analysis: BTC/USD unstoppable as $12,500 gives in

Bitcoin’s upside momentum is gaining traction as a break above $12,000 serves as an upside catalyst for the first digital coin. At the time of writing, BTC/USD is changing hands at $12,550 amid strong bullish sentiments and growing trading volumes. Considering that the price growth is accompanied by increased trading volumes, one might suggest that the trend will gain traction.

Many experts believe that at this stage Bitcoin (BTC) is driven by FOMO, while the market repeats the situation of late 2017.  The excitement around Facebook’s Libra coin and potential crypto ban in India are also cited as major catalysts to the Bitcoin’s rally.

bitcoin chart

Ethereum price analysis: Will ETH/USD face a bearish correction soon?

ETH/USD bulls have been in control of the market for three days in a row. While the price has gone up from $316.50 to $333.50 so far this Wednesday alone, the bulls will need to push it up even further to $350 to continue their upward momentum. The hourly chart shows us that ETH/USD has spiked from $316 to $331 in just one hour. This could mean that the price is currently overvalued and may face bearish correction.

The 20-day Bollinger band jaw has widened, so it indicates increasing market volatility. The last session has taken the price above the upper curve of the Bollinger band, suggesting that it is overvalued. The price is trending in an upwards channel formation and above the 200-day simple moving average (SMA 200), SMA 50 and SMA 20 curves.

ETH/USD daily chart

ethereum chart
 

Ripple price analysis: XRP/USD stuck in range, capped by $0.48

Ripple’s XRP, the third largest coin by market value, has retreated from the intraday high of $0.4783 to trade at $0.4720 at the time of writing.  XRP/USD hit the area above $0.50 during the weekend but failed to hold the ground. XRP/USD has gained about 2% in recent 24 hours amid range-bound trading.

Ripple’s market value has settled at $20.2 billion, while the trading volumes are registered at $2.2 billion, twice as high as an average long-term figure.

ripple chart

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Bitcoin market update: BTC/USD revives the uptrend – Steps above $9,500

BTC/USD trading pair appears to have found support above $9,000. A rebound from the support has pulled above $9,500 amid a building bullish momentum across the market. 

More Bitcoin News

Ripple price analysis: XRP/USD defends falling wedge support; breakout still lingers

Ripple continued to press against key support areas yesterday. The downside momentum was augmented by the broad-based selling pressure in the market. As discussed yesterday, the upside was capped at $0.32 while XRP/USD sustained above $0.30. 

More Ripple News

Retail Investors Can Now Bet on Bitcoin Hitting $100,000 by 2020

This bullish bet on Bitcoin is the first crypto derivatives product open to mom and pop investors since LedgerX sealed approval from the U.S. Commodity Futures Trading Commission (CFTC) to serve as a designated contract market for clients of any size, as Cointelegraph reported in June. 

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Bitcoin Cash market update: BCH/USD edges its way towards $300

Bitcoin Cash is revamping the uptrend after falling victim to selling pressure for the second time in the same week. The initial drop towards the end of the last week culminated in a dive under $300 on Monday this week. 

More Bitcoin Cash News

Bitcoin Weekly Forecast: BTC bulls get ready for a major assault

The cryptocurrency market has been pretty volatile this week. Bitcoin stayed in the green zone despite wild price gyrations, while major altcoins are nursing double-digit losses on a week-on-week basis.

Read the weekly forecast

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