After the retracement, in case the Bulls gain more pressure to break up the resistance level of $9,398, Bitcoin price may target $1,016. Should the Bears defend the $9,398 level, BTC price may continue ranging within the $8,879 and $9,398 levels.
COR Index published its latest monthly report of key crypto exchange data. The report is based on figures gathered from over 150 cryptos and the top crypto exchanges.
XRP is already exposed to $0.42 level; further increase in the Bulls’ momentum may push XRP price to reach the target of $0.46. If the Bears manage to break down the demand level of $0.39, XRP price may descend to the previous low of $0.35.
On July 13, Thursday, the BTC is consolidating around $8,131 after being much active the day before.
After the Ethereum price retest, the bullish momentum may place the price at $289 level in case the Bulls defend the $259 level.
Should $0.39 level hold, the Bulls will push up the coin and may break up $0.42 supply level. In case the Bears increase their momentum, XRP price will decrease further towards the previous low of $0.35.
Should the Bullish candle penetrate the resistance level of $8,009 and close above it, Bitcoin price may move up towards $8,235. In case the Bearish candle penetrates the support level of $7,600 and close below it, $7,186 may be the next target.
In case the Bulls breakout at the upper trend line of the wedge, Ethereum price may rally towards $289 level provided the Bulls penetrate $258 level. ETH price may reverse as it has touched the upper trend line of the wedge.
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If the Bears gain enough pressure to penetrate the demand level of $7,476 and the bearish candle closes below it, Bitcoin price may reach $7,085. Alternatively, if the Bulls push the price above $8,233, BTC may eventually touch a previous high of $8,608.
The Bulls will have to gain more pressure in order to push XRP price to reach $0.46 supply level. Should the Bears exert more pressure and defend $0.42 level, the price may decline towards the demand level of $0.39.
The ETH is going down slightly Thursday, trading at around $245.01.
Should there be a breakout at the upper trend line of the wedge by the Bulls; Ethereum price may rally towards $289 level provided the $258 level does not hold. If the Bears push the coin and it breaks out at $225, the price may find support at $191.
More pressure from the Bears after the pullback will decrease Bitcoin price further, which may break $7,600 level and target $7,195 level. Should the Bulls defend the demand level of $7,600 the coin may target $8,235 level.
After the short pullback, XRP price may continue the bearish trend, $0.39 demand level may be broken and the pair may target $0.35 demand level. In case the demand level of $0.39 hold, the price may reverse and rally to the north side.