Bitcoin Price Prediction
The value of peer-to-peer digital money has decreased by 15% since September. In the first week of September, there was a buildup of bears and bulls at $20,000, which ultimately triggered major concern in the big picture.
The bears and the bulls have been in a competitive battle since the beginning of the month. A sell indication can be detected when the red candlestick dominates the green candle.
The price has fallen from the Fibonacci level of 1% to the resistance at 38.2% between $20,000 and $21,000 due to the sellers’ dominance in the present week. The bitcoin price is currently $19847.474, and it is beginning to trend downward as it gets closer to the 23.6% support level.
The chart makes it abundantly clear that sellers are predominating over purchasers, signaling a sell signal. The bears overcame the 50%, 61.8 percent, and 70% Fib levels, each time with an increase in bearish volume.
We will see a downturn in the price of bitcoin if the breakout happens at the support level, and a spike in the price if it happens at the resistance level.
Ethereum Price Prediction
Ethereum’s price is currently $1,432.25 and has dropped by 0.81% in the previous hour, 2.86% in the last day, and 17.52% in the previous week. The price of Ethereum has been rising steadily since July, and the chart depicts violent competition between the bulls and the bears.
Prices can be seen surging and dropping, and following a heated competition, it was discovered that the price had fallen to the $1427.84 support level. It is expected to soar toward the trend reversal line, which is $1749.35. At this point, a minor rejection is anticipated, but buyers will drive the price upward, triggering a rise.
XRP Price Prediction
The price of XRP is currently $0.3484 and has increased by 6.92% over the past 24 hours while dropping by 0.18% and 1.75% over the previous hour and week, respectively.
The price of XRP has fluctuated greatly throughout the month of September. Prices are shown soaring toward the Fibonacci level of 23.6%, then dropping sharply below $0.32. Prices surge once more but are briefly rejected. However, due to intense buying pressure, a breakout occurs at the support level of 23.6%.
Prices accumulate between the support and resistance levels of 38.2% and 23.6% for a considerable amount of time. The price goes downtrend and returns to the support level after the breakout at the 23.6% support level.
The downtrend continues, but the buyers’ pressure causes the price to surge, break through the 23.6% support level, and rise above the present price.
The closest targets of a rally, if the XRP price can clear the 38.2% Fib level at $0.34, are $0.37 and $0.39. This action could cause the price to increase by up to 17%.