Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – European Wrap 30 April


Bitcoin Price Analysis: BTC/USD lost $1,000 before new buyers emerged, $9,000 is a resistance again

BTC/USD dropped from the intraday $9,476 to $8,547. The first digital coin lost nearly $1000 in a matter of hours before recovering to $8,8820 by press time. Despite the sell-off, BTC is still 10% higher from this time on Wednesday. A sustainable move below $9,000 has created a strong bearish momentum; however, the coin is heavily bought on the dips.

 

BTC/USD

Ripple Price Analysis: XRP/USD drops like a stone, settles below $0.2200

Ripple's XRP dropped from the intraday high $0.2357 to $0.2100. While the price has recovered to $0.2180 by press time, the XRP virtually erased all the gains of the previous day. From the technical point of view, XRP/USD retains the bullish bias as long as it stays above $0.2030-$0.2000. This former resistance area that includes 38.2%  Fibo retracement for the downside move from February 2020 high now serves as strong support.

 

XRP/USD

Ethereum Price Analysis: ETH/USD starts the correction, $200.00 to keep bears at bay

Ethereum tested $227.36 during early Asian hours and retreated to $217.80 by the time of writing.  The second-largest digital asset has gained over 8% of gains on a day-to-day basis and 2% since the start of the day. Despite the downside correction, ETH/USD is still one o the best-performing assets in the recent seven days out of top-10. Ethereum's market capitalization reached $24 billion, while its average daily trading volume is $28 billion. 


ETH/USD

 

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Bitcoin Price Forecast: BTC/USD has one strong resistance level at $11,500

BTC/USD bears have remained in control for the second straight day. BTC/USD is currently trading for $11,324.24. The daily confluence detector shows a lack of healthy support levels on the downside.

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XRP/USD keeps trending in downward channel formation as price drops below $0.27

XRP/USD bears stayed in control of the market for the second straight day as the price continued trending in a downward channel formation. So far this Wednesday, the price has dropped from $0.2828 $0.2788.

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Ethereum Price Forecast: ETH/USD downtrend holds as $350 calls profusely

Ethereum has continued to explore the downside since the rejection from the new yearly high at $415 on August 2. The immediate reversal tested support at $325. However, Ether recovered in a reflex motion settling shortly ...

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XTZ/USD faces bearish correction following three straight bullish sessions

XTZ/USD faces bearish correction following three straight bullish days. The price has gone down from $4.257 to $3.97 and is presently sitting above the 20-day Bollinger Band. The Elliott Oscillator has ...

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Bitcoin Weekly Forecast: BTC hit the pause button before a decisive breakthrough

Bitcoin lived through a wild roller-coaster move during the previous weekend. The coin hit the new 2020 high above $12,000 and crashed to $10,500 in a matter of hours. 

Read the weekly forecast

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