|

Top 3 Coins Price Prediction Bitcoin, Ethereum and Ripple: BTC and ETH hampered by immediate resistance – Confluence Detector

Top 3 coins daily confluence detector

fxsoriginal

Bitcoin

  • Open: $12,303.29
  • Current Price: $12,065.45

BTC/USD has one strong resistance and support level at $12,260 and $11,550, respectively. The former has the one-month Pivot Point resistance-one and one-day Fibonacci 38.2% retracement level. The $11,550 level is highlighted by the one-week Fibonacci 61.8% retracement level, one-day Pivot Point support-two and Previous Month high.

Ethereum

  • Open: $431.32
  • Current Price: $426.70

ETH/USD has only one level of note, which is the $435 resistance level. The one-month Pivot Point resistance-two highlights it.

Ripple

  • Open: $0.3157
  • Current Price: $0.3057

XRP/USD has a plethora of strong resistance and support levels. There are two strong resistance levels at $0.3185 and $0.3215. The former has the one-day Fibonacci 38.2% retracement level and one-week Pivot Point resistance-one. The $0.3215 level is highlighted by the monthly Pivot Point one resistance-two. 

Now, let's look at the support levels. Firstly, $0.294 has the one-week Fibonacci 38.2% retracement level. Up next, we have the $0.29-level, which has the one-month Pivot Point resistance-one and one-day Bollinger Band middle curve. Finally, the $0.27-level has the daily Pivot Point one support-three and Previous Week low.


 

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

More from Rajarshi Mitra
Share:

Editor's Picks

Has Bitcoin really escaped the macro forces it was built to fight?

Over 17 years ago, Satoshi Nakamoto designed Bitcoin on the back of a global financial crisis as an alternative to the global monetary system outside the control of central banks, governments and traditional intermediaries. This raises a key question: has Bitcoin really become independent of the macroeconomic forces it was built to challenge?

Ethereum activates Glamsterdam on Sepolia testnet: Why the price is falling anyway

Ethereum (ETH) has reached a key milestone in its next major network upgrade. The planned changes aim to improve Ethereum’s Layer 1 capacity and efficiency as network activity grows. The development comes as ETH retreats toward $2,500.

Bitcoin Weekly Forecast: Uptober or Rektober?

Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally. Profit-taking, a surge in long liquidations and weakening demand from institutional investors are weighing on BTC.

Ripple bulls gather recovery momentum amid returning ETF inflows

Ripple (XRP) trades largely in bearish hands on Friday near $1.40. Although the remittance token has stabilized after a sharp sell-off from weekly highs of $1.53 to lows around $1.32, the path of least resistance remains downward, unless buyers affirm a daily close above the pivotal $1.40 level.

Bitcoin: Uptober or Rektober?
Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally. Profit-taking, a surge in long liquidations and weakening demand from institutional investors are weighing on BTC.