|

Top three coins price prediction: Bitcoin and Ripple bulls start the day strong, Ethereum has a sluggish morning

Top three coins daily confluence detector

fxsoriginal

Bitcoin

  • Current Price: $6,566.78
  • High: $6,709.85 
  • Low: $6,495.11

BTC/USD has no visible resistance levels on its path back to the $7,000 zone. However, following that, it faces two strong resistances at $7,125 and $7,260. $7,125 has the one-month Pivot Point support-two, while $7,260 has the one-day Pivot Point resistance-two and one-week Pivot Point resistance-one. On the downside, there is a healthy support level at $6,300, which has the one-hour Bollinger Band middle curve and one-day Fibonacci 38.2% retracement level.

Ethereum

  • Current Price: $135
  • High: $138.11 
  • Low: $134.36

ETH/USD bears currently have control of the market following a heavily bullish Monday. The price has, so far, gone down from $137 to $135. The daily confluence detector shows a healthy resistance level at $141.25, which has the one-week Fibonacci 23.6% retracement level. On the downside, there are two healthy support levels at $133.50 and $133. The former has the one-week Fibonacci 38.2% retracement level while the latter has the SMA 5 and SMA 100.

Ripple

  • Current Price: $0.1588
  • High: $0.1622 
  • Low: $0.1449

XRP/USD has a lack of strong resistance levels on the upside, which bodes well for the bulls. Don’t be surprised if XRP/USD ends up near the $0.165-level by the end of the day. On the downside, there are three healthy support levels at $0.1577, $0.1557 and $0.153. $0.1577 has the one-week Fibonacci 38.2% retracement level and SMA 5, while $0.1557 has the 4-hour Bollinger Band middle curve. Finally, $0.153 has the SMA 10.
 

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

Ripple ticks up as buyers re-engage

Ripple trends higher at the time of writing on Thursday, trading above $1.12. The cross-border remittance token seeks to erase a persistent downtrend that has weighed on the price since mid-May, as investors navigated geopolitical tensions in the Middle East.

Crypto Today: Bitcoin, Ethereum, XRP rebound broadens despite continued US-Iran strikes

Bitcoin steadies its recovery on Thursday, edging higher toward $63,000 despite incessant capital outflows. Meanwhile, altcoins, including Ethereum and Ripple, exhibit subtle rebound signs, trading above $1,650 and $1.12, respectively.

Bitcoin stages modest rebound ahead of US PPI data

Bitcoin recovers slightly, trading above $62,500 on Thursday after three consecutive days of losses. US-listed spot ETFs recorded outflows of $213.85 million on Wednesday, indicating persistent withdrawals amid renewed US-Iran tensions.

Pi Network: Recovery at risk with 16 million PI tokens ready for unlock

Pi Network edges higher on Thursday after three days of consecutive losses earlier this week, extending the prevailing downtrend since late April. The scheduled unlocking of 16 million PI tokens on Thursday could add pressure to the intraday recovery.

Bitcoin: After the bloodbath, everyone looks at $60,000
Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty. The institutional sell-off continued to wreak havoc on capital flows, with spot Bitcoin Exchange-Traded Funds (ETFs) recording billions in outflows.