The Latest reports about cryptocurrencies, blockchain and FinTech from Coinspeaker’s staff writers and our partners.
When the demand level of $0.39 holds XRP price, it will bounce and move towards the previous high. Further increase in the Bears pressure may place the price at $0.35 in case the $0.39 level does not hold.
The BTC is correcting on June 27 after having made new local highs, and is trading around $12,182.
Ethereum price surpassed the barrier at $318 level, price retracement is done by the Bears, and the Bulls may break up $351 level and target $375.
Further increase in the XRP price is highly envisaged should the Bulls gain more pressure and break up the $0.50 level. In case the supply level of $0.50 hold XRP price may continue the sideways movement.
After the pullback, the Bulls may push up Bitcoin price to penetrate the $12,900 level and target $13,400 provided the resistance level of $12,900 does not hold. In case the just mentioned level holds, the price may begin consolidation.
Ethereum price has carried out a pullback and ready for the bullish movement continuation. Ability to break up the barrier at $318 level will expose the coin to the $351 supply level.
Bitcoin price respected the $11,311 level and retraced towards $10,168 level. The crypto retested the level second time on June 23, it is currently pulling back before the continuation of Bullish trend.
Bitcoin price set another new high for 2019 reaching $9,693 and is showing bullish trend line forming with support near $9,700 on the hourly chart of the BTC/USD pair that likely accelerates gains once it clears the key $10,000 resistance area.
There is a tendency for XRP price to increase towards $0.49 supply level provided the Bulls gain enough momentum to break up the $0.46 supply level. In case the Bears continue to defend the $0.46 level consolidation may continue.
The ETH stopped rising for a while on June 20, now consolidating around $267.78.
The bullish breakout at $227 supply zone is envisaged should the Bulls gain enough pressure and Ethereum price may rally to the previous level of $289. In case the Bears continue to defend the $227 level consolidation may continue.
Should the Bulls defend the demand level of $0.42, they may resume and continue the bullish trend. In case the level does not hold and the Bears’ strength is able to break down the level, then, XRP price may reach $0.39 level.
Bitcoin price breakout at the resistance level of $9,398 by the Bulls will expose the $10,016 resistance level which may be its target. Should the Bears gain enough pressure and break down the support level of $8,879 the price may decline to $8,565 level.
Should the Bears continue to exert pressure as it is currently displaying, Ethereum price may retest $258 demand level. The interruption of the Bulls to the Bearish current movement will push up the price to reach $289 level.
JPMorgan Chase suggests that there is an increase in institutional interest which caused the Bitcoin futures volume to increase by 118% compared to the volumes recorded in April.