Category: Economy

Bitcoin (BTC) Price Prediction – September 20

Today, the Bitcoin price is seen plunging from over $11,000 to touch the low of $10,759.

BTC/USD Long-term Trend: Bearish (Daily Chart)

Key levels:

Resistance Levels: $11,500, $11,700, $11,900

Support Levels: $10,500, $10,300, $10,200

BTC/USD drops below $11,000 during the early Asian hours of trading but the coin failed to recover above the critical level so far. At the time of writing, the price of Bitcoin is moving around $10,897 as the coin is down with 1.65{998ff540fe94a59c7c9828c4dd5223100610db67cea90947d11644c77e05f5f4} within 24 hours. The number one cryptocurrency hit a brick wall on the approach to $10,700 and dropped under the pivotal area in a matter of hours.

What to Expect from Bitcoin (BTC)

An upside break above the 9-day and 21-day moving averages around is a must to start a substantial recovery. Once this happens, the next hurdles may be seen near … Read more

Bitcoin (BTC) Price Prediction – September 20, 2020
BTC/USD has finally broken above the $11,000 resistance but BTC price is not well above the support levels. For the upside momentum to be actualized fully, the BTC price must be between levels $11,200 to $11,400.

Resistance Levels: $10,000, $11, 000, $12,000
Support Levels: $7,000, $6,000, $5,000

Today, the coin rebounded and reached the $11,200 high. Immediately, BTC was retracing from the recent high. The market is showing bearish signals. On the downside, if price retraces to the support of the EMAs; the coin will resume a fresh uptrend. Today, BTC is trading at $11,080 at the time of writing. In the same vein, if price falls and finds support above $11,000, BTC will resume a fresh uptrend. Conversely, if price breaks the EMAs or below the $11,000 support, the upside momentum will be invalidated. The … Read more

XRP Price Prediction – September 18

The Ripple (XRP) price continues to trade below the crucial $0.25 resistance level.

XRP/USD Market

Key Levels:

Resistance levels: $0.28, $0.30, $0.31

Support levels: $0.22, $0.21, $0.20

At the time of writing, XRP/USD is correcting downwards after touching the resistance at $0.255. However, given the large narrowing in price action, a breakout could very well be explosive for the coin as the price moves within the 9-day and 21-day moving averages, subject to a breach. The Ripple’s price is changing hands at $0.249 within a range high up at $0.253 down to a low of $0.235.

What Is the Next Direction for Ripple (XRP)?

However, the daily chart reveals that the coin is seen correcting downwards after having soared at $0.255. Unable to hit the resistance, the coin is moving towards the major support at $0.240. But once the coin … Read more

ETH Price Prediction – September 17

As ETH/USD gets ready for the upside, the coin is technically and fundamentally ready for a spike above $400 and $420 respectively.

ETH/USD Market

Key Levels:

Resistance levels: $450, $470, $490

Support levels: $315, $295, $275

ETH/USD is seen penetrating above the 9-day and 21-day moving averages within the ascending channel. The second-largest cryptocurrency might kick-start another bullish run back above $400 if the market price remains above the moving averages. Meanwhile, the break above this resistance is the first signal needed for a bullish to press higher. Nevertheless, ETH/USD has to break beyond $400 before hitting $430 and beyond.

What to Expect from Litecoin (LTC)

Looking ahead, if the buyers continue to grind higher, the first level of resistance may be located at $410 as this could also be followed by $430. However, additional resistance may also be found … Read more