Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple – American Wrap 8 April


Bitcoin Price Forecast: BTC/USD next critical breakthrough is eyed at $7500

Bitcoin price is trading in positive territory, up 1.05% in the second half of the session. 

BTC/USD is being capped for the time being by a barrier at $7500.

The price has been consolidating near-term, following the critical $7000 breakthrough. 

Ethereum Price Analysis: ETH/USD small barrier at $170 in the way of greater upside

Ethereum price is trading in the green by 3.35% in the session on Wednesday. 

ETH/USD trying to break above resistance seen at the $170 mark. 

The next major target area for the bulls will be for a return into $200 break down is eyed at $200. 

Ripple Price Analysis: Intraday price action holds at 0.20

Ripple is looking good at the moment as the market continues to make higher highs and higher lows. It seems like the bulls are in a fight to keep the price above 0.20. Looking at the black resistance zone the bulls will need to take out 0.20524 if the next target of 0.2251 is to be tested. 

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Market stays strong despite yesterday's sell-off

Yesterday at 14:45 GMT, the BTC/USD pair plummeted 7.96% in just 5 minutes, dragging with it the rest of the crypto board and causing a juicy change of hands between the fearful and the convinced.

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XRP/USD is back inside the previous range, bulls defend $0.2000

Ripple (XRP) is changing hands at $0.2030. The coin has partially recovered from Tuesday’s major sell-off to $0.1970; however, the further upside seems to be limited. Ripple retreated to the fourth place in the global cryptocurrency market rating and gave way to Tether (USDT). 

More Ripple News

ETH/USD bears take control as the price consolidates in the pennant formation

ETH/USD bears stayed in control for the second straight day as the price fell from $237.65 to $237.15. The price has support at the upward trending line as it continues to trend inside the pennant formation and the 20-day ...

More Ethereum News

ADA/USD free-falls 1% in minutes despite positive sentiments

Cardano outperformed most cryptocurrencies in the market last week. In fact, ADA more than doubled its value in less than a week. On the upside, ADA/USD has traded new yearly highs at ...

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BEST CRYPTO BROKERS/EXCHANGES

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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