The Latest reports about cryptocurrencies, blockchain and FinTech from Coinspeaker’s staff writers and our partners.
Further increase in the Bears’ momentum will make Bitcoin price break down the $5,946 level and even $5,840 level and target $5,716 price level. In case the Bulls defend $5,840 level Bitcoin price may bounce and rally towards $6,151 level.
There would be a bullish breakout of the flag in case the Bulls gain enough momentum and the XRP price may increase to $0.33 level. Should the Bears defend the $0.31 price level, the coin may range down towards $0.30 level.
In case the Bears maintain or increase their pressure and $159 level does not hold, Ethereum price may decline to $150 level. Should $159 level hold, the price may bounce and the Bulls may take over.
Increase in the Bulls momentum will make the Bitcoin price to touch $5,716 level and may break up the level and face $5,910. In case $5,716 level holds BTC price may continue ranging within the level.
The continuation of the bullish trend is highly envisaged; if the Bulls maintain or increase their pressure XRP price may break up $0.33 supply level and target $0.34. Sideways movement may continue at this level in case the bears defend the $0.33 level.
Ethereum price may find its support at a previous low of $150 In case the Bears increase their pressure and $159 price level is penetrated. ETH price may increase towards $178 price level in case $167 price level is broken up by the Bulls.
Binance published their new Research Report in which they took on a different approach in understanding crypto assets. The research showed Bitcoin and Ethereum move in lockstep and the XRP price is the least correlated to other top cryptoassets.
The Bulls require higher pressure to break up a resistance level of $5,574 and target $5,716 in case Bitcoin price support level of $5,459 holds. Should the resistance level of $5,574 hold the Bears may take over.
Should the Bears maintain or increase their pressure XRP price will remain bearish and it may have its target at the previous low of $0.27 level, in a case $0.29 and $0.28 does not hold.
In case the Bears maintain or increase their pressure and $159 level does not hold, Ethereum price may decline to $150 level. Should $159 level holds, the price may bounce and the Bulls may take over.
Higher bearish pressure will break down the demand level of $5,459 and it may extend to the $5,255 demand level. In case the demand level of $5,459 holds, Bitcoin price may bounce and have its high at $5,574.
Should the Bulls defend the demand level of $0.31, XRP price may be pushed up to break the supply level of $0.32 and target $0.33 level. Further increase in Bears’ pressure will further decrease the XRP price to $0.30.
A bullish breakout at the supply level of $178 will make Ethereum price to reach $186. Likewise, a bearish breakout at the demand level of $168 will make the ETH price decline towards $159 price level.
The increase in bullish pressure will push up Bitcoin price towards $5,459 resistance level; in case the level does not hold BTC may have its high at $5,574. Should the level of $5,459 holds, the Bears will push the coin down towards $5,255.
Further increase in Bears’ pressure will return the coin back to its previous low at $0.31 price level. In case the demand level of $0.32 holds, the Bulls will push up the XRP price and target the supply level of $0.35.