The Latest reports about cryptocurrencies, blockchain and FinTech from Coinspeaker’s staff writers and our partners.
Radical fundamental force may be required to break up the strong resistance level of $8,233. The resistance level may be broken up should the Bulls push up Bitcoin price and touch the level of $8,233 fourth time.
Strong pressure from the Bears will break down the $0.39 level and XRP price will target $0.35. Should the Bulls defend the $0.39 demand level and their momentum increase, the price may rally towards $0.42.
The breakout of Ethereum price from the triangle is imminent. Should the Bears exert more pressure, there will be a breakout at the $242 demand level with ETH targeting $227 level. In case the $242 level holds, there may be a breakout at $258 level.
In case the demand level of $7,812 holds Bitcoin price may bounce and resume its bullish trend which may break up the $8,233 and target $8,678 level. Should the Bears exert more pressure and break down the $7,812 demand level, BTC may fall to $7,440.
Increase in the Bears’ pressure will definitely decrease XRP price which may break the $0.35 level and target $0.32 level. In case, $0.35 level holds, the price may bounce and the trend may change to bullish.
In case the Bulls were able to break up the supply zone of $275, Ethereum price will be exposed to $287 level. Should the Bears defend the $275 level, the price may pull back to $258 – $242 level.
Should the demand level of $7,812 hold, the Bulls will resume their uptrend movement which may push Bitcoin price to break up the $8,233 level and target $8,678 level. Otherwise, consolidation may continue.
XRP price likely to increase further, should the Bulls maintain or increase their momentum. In case the Bears defend $0.46 level and their pressure increase, the price may pullback further to touch $0.39.
The breaking up of $210 level by the Bulls’ momentum will expose the supply level of $218. In case the Bears defend the $210 level, Ethereum price may pull back to $201 level.
In case the Bulls defend the $6,869 level, the bullish trend will continue and may break up the $7,440 level and target $7,812 level. Should the demand level of $6,869 does not hold, the Bitcoin price will target $6,332 level.
Should the Bears defend the $0.30 level, further declination of the XRP price is expected and this may lead to the breakdown of the $0.28 level. In case the Bulls defend the demand level of $0.28, the price may reverse and rise towards the previous high.
In case the Bulls do not lose their momentum and the $178 level does not hold, Ethereum price may reach the previous high of $186 level. Should the Bears defend $178 level, the price may be pushed down to $167 level.
The bearish movement may continue and reach the demand level of $5,946. The bullish movement can continue only when the Bulls break up the $6,121 Bitcoin price level.
In case the Bulls defend the demand level of $0.30, XRP price may rise towards the previous high or touch the upper drawn trend line. Increase in the pressure of the Bears may break down the $0.30 level and expose $0.28 level.
In case the Bulls lose their momentum and the $187 level does not hold, the Bears will push Ethereum price down to $178. However, a further increase in the Bulls’ momentum may push up the price to break up $194 level and expose $201.