- Today almost all the cryptocurrency enjoyed a massive comeback.
- Bitcoin, Ethereum and Ripple XRP are up by more than 8.02%, 7.43% and 6.74% respectively.
- Bitcoin (BTC) once again broke the $8000 level, predictions show that bullish move will continue.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) all suffered a sudden sell-off last week after the previous bull run. The reason for this sudden sell-off might be the massive sale on Bitstamp, worth of $250 million Bitcoin led to liquidation on BitMex.
But today early morning the price of Bitcoin, Ethereum and Ripple XRP all sudden jumps and it seems that the next round of bull run has come. This bull run might take Bitcoin BTC/USD to the $10000 level.
The total market capitalization of the cryptocurrency is now $247,227,799,557 USD in which the share of Bitcoin is $140,354,529,868 USD.
Bitcoin BTC/USD Price Analysis
Bitcoin BTC/USD the No. 01 cryptocurrency in terms of market capitalization is trading at around $8000 mark. At press time BTC price as per CoinMarketApp is $7925.36 with a high of 8.02% from the last 24 hours.
The $7925 mark is the convergence of the Fibonacci 23.6% one-week, the Bollinger Band 15min-Middle and the Simple Moving Average 10-15m.
If the bull run will continue then the next target will be $8413 USD. The resistance levels for BTC/USD are $8121.70, $8643.96 and $9489.31 USD while it is making strong support at around $7700 USD.
Ethereum ETH/USD Price Analysis
Ethereum the 2nd largest cryptocurrency by market capitalization is trading at $253 USD at the press time. The market capitalization at press time is $26,952,553,190 USD as per CoinMarketCap.
After looking at the Ethereum ETH/USD price chart then it can be concluded that almost all the daily and hourly moving averages and oscillators are indicating towards a buy signal.
ETH/USD is struggling hard to cross the $255 level and if it crosses then the next target will be $281 USD the previous week high.
Ripple XRP/USD Price Analysis
Ripple XRP/USD currently at the 3rd spot in terms of market capitalization is trading at around $0.3989 USD. The market cap at press time is $16,809,337,045 USD.
The resistance level for XRP/USD is at $0.42 which is the convergence of the PP 1m-R2, the PP 1d-R2, and the BB 1d-Upper.
If the XRP/USD price reaches the $0.43 mark then it will further join the massive bull run and the price might cross the $0.50 mark.
The support level for XRP/USD is $0.3950 USD and if it brokes then the further support will be at $0.3700 USD.