Cryptocurrencies price prediction: Bitcoin, Ripple & TRON – European Wrap – 25 March


Bitcoin Price Prediction: BTC/USD at $100,000 with a market cap of $2 trillion - Binance CEO, Confluence Detector

The CEO of Binance, Changpeng Zhao is imagining a scenario where Bitcoin has a market capitalization of $2 trillion. In his opinion, such a massive market cap would easily place the price per BTC at $100,000. One factor that could send Bitcoin’s market share to such levels is the ongoing printing of money by central banks around the world in a bid to avert potential economic crises amid the Coronavirus pandemic.

Bitcoin price confluence levels

Resistance one: $6,741 – Highlighted by the previous 15-minutes high, the previous 1-hour high and the Bollinger Band 15-mins upper curve.

Resistance two: $7,020 – The previous week high and the pivot point one-day resistance one converge in this zone.

Support one: $6,322 – The SMA five one-day, the SMA one-hour and the Bollinger band 4-hour middle meet here.

Support two: $6,043 – Highlights the SMA 50 4-hour, Fibo 38.2% one-week and SMA 200 one-hour.

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Ripple Price Analysis: XRP/USD needs to clear $0.1730 to break the lockdown

Ripple's XRP is changing hands at $0.1620, mostly unchanged since the beginning of the day. The coin has been range-bound recently, despite large movements in Bitcoin and some other altcoins. Ripple's market value is registered at $7 billion, while its average daily trading volume exceeded $2 billion.

 

XRP/USD

TRON Price Analysis: TRX/USD recovery stuck, but the outlook remains positive

TRX, now the 17th largest digital asset with the current market value of $759 million, has settled at $0.0114 and stayed mostly unchanged both on a day-to-day basis and since the beginning of Wednesday. TRX/USD is moving in lockstep with the market, now range-bound after some wild gyrations at the beginning of the week.

 

Tron

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Editors’ Picks

Bitcoin Price Analysis: Bearish technical signals point to a test of the 6K area

Bitcoin is looking bearish on Wednesday as the price moved 3% lower after rejecting higher levels. The market bounced off the blue trendline and pushed through the 55 and 200 hourly moving averages.

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Ripple Price Analysis: Bearish technical signals could seen XRP to 0.1600

Ripple has had a good run at testing upside targets recently but it seems there was no breaking 0.1800 for now. Now it seems the trendline in black on the chart has been broken to the downside.

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ETH/USD locked in a range; short-term recovery capped by $134.40

ETH/USD is changing hands at $132.00, mostly unchanged both on a day-to-day basis and since the beginning of Wednesday. The second-largest digital asset has been moving within a short-term bearish trend amid high volatility. 

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Monero Price Analysis: XMR pushes higher towards the 50.00 level

Monero has caught a bid late in the US session on Wednesday after trading lower for most of the day. The price has just recently moved through the moving averages (55 & 200) which can be considered a bullish sign. If the black resistance line at 48.20 ...

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Bitcoin Weekly Forecast: Coronavirus will either kill Bitcoin or make it stronger

Bitcoin is about to finish the second positive week in a row. The first digital coin has recovered from $5,680 and came close to psychological $7,000 during the week.

Read the weekly forecast

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