Cryptocurrencies price prediction: Bitcoin, Ethereum & Ripple - 29 July


Bitcoin price analysis: BTC/USD critical support areas come under prolonged pressure

Bitcoin struggled to secure key support areas during the weekend sessions. However, bearish pressure had its way smashing the price back under $10,000. Downside correction continued below the moving average. Besides, expected support at the 61.8% fib retracement level taken between the last drop from $10,226 to a low of $9,126 caved in.

The declines ravaged through other key levels at $9,800and $9,600. The pressure mauled through $9,400 support before forming a low around $9,300. Although forced between a rock and a hard place, the buyers managed to give Bitcoin an incredible push above $9,600. While the price infiltrated the resistance at the 50% Fib level, it failed to break above the 100 Simple Moving Average (SMA) 1-hour resistance.

BTC/USD

Ethereum price analysis: ETH/USD facing growing resistance below $215

Ethereum is struggling to forge a new path following the declines witnessed on Sunday. The bears pressed against critical levels at $220, $210 and $200. The bulls tried and failed to hold ground at $200 paving the way for extended declines at $197. The losing battle between the bears was not unique to ETH. Bitcoin suffered massive losses from $10,200 to $9,300 while Ripple dived under $0.30.

The zone at $200 - $205 is currently coming out as an area with an immense concentration of the buyers. The drop to this level created fresh demand for ETH leading to a correction above the 50 Simple Moving Average (SMA) 1-hour chart. Ethereum touched $215 but the momentum lost steam at the 100 SMA 1-h.

Ethereum

Ripple market update: XRP/USD holding ground above $0.3

Ripple bulls are glancing higher following an eventful weekend session. Ripple continuously formed a lower high pattern but intense support at $0.30 had the downside strongly protected.

A brilliant move emanated from the support at $0.30. XRP/USD stepped above the 50 Simple Moving Average (SMA) 1-hour char. However, diminishing buying power lost momentum at the 100 SMA 1-hour leaving $0.3150 unconquered.

Ripple

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Bitcoin Price Analysis: BTC/USD bounces off $9,400 support after rejection at $9,700

The cryptocurrency market is in the green on Monday, during the Asian session. The largest cryptocurrency by market capitalization, Bitcoin is trading 1% higher on the day. BTC/USD opened the session at $9,446 and ...

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XRP/USD drops below $0.2000 after a failure at $0.2030

XRP/USD tested the intraday high at $0.2031, but the strong resistance located around this area discouraged the short-term bulls and pushed XRP/USD below $0.2000 by press time.

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Ethereum Price Analysis: ETH/USD consolidates weekly gains near $240

Ethereum (ETH/USD) surged higher on Saturday and touched its highest level since early March at $247 before closing the day with a daily gain of 10% at $243. The pair, however, has struggled to preserve its momentum ...

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ADA/USD breakout from trendline support draws nearer to $0.1

Cardano continues to be one of the most active cryptocurrencies among the top 100. ADA/USD led crypto recovery last week to the extent of testing the critical $0.08. Although there was a brief break ...

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Bitcoin Weekly Forecast: BTC/USD bulls fight for every inch of the ground on their way to $10,000

After a sharp sell-off at the beginning of the week, BTC/USD climbed back above $9,000 and made its way above another important resistance $9,300.

Read the weekly forecast

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