Bitcoin (BTC) has lost some of its value, with a slight decline since yesterday. The drop rate on Bitcoin charts seems to be 0.51%; however, short-term bullish prospects continue.
Looking at the hourly chart, Bitcoin (BTC) came to the $ 9,600 support zone. In general, trading activity is very low, which indicates that it is unlikely to see a sharp increase or decrease. Although this drop in bitcoin price has continued to decline since $ 10,000, there may be a short increase between $ 9,760 and $ 9,800 in the near future.
Ethereum Price Prediction and Analysis
Ethereum (ETH) is traded similarly to Bitcoin (BTC) as a short-term potential. The price of the leading altcoin has increased by 0.59% since yesterday. Over the past week, the rise rate for Ethereum was 4.55%.
Looking at the daily time frame, the growth in the past few days was not accompanied by increased trade volume. As a result, Ethereum (ETH) is stuck in a narrow range.
Another reason for the ongoing decline is the lack of liquidity. After all, we can think that the rise above $ 250 was a wrong price move, then an upcoming dump. After seeing the $ 253 level, Ethereum was pulled down sharply to $ 225 level. In this case, the closest resistance is seen as $ 225 level.
Ripple (XRP) Price Forecast and Analysis
It showed a rather low increase compared to the performance shown by the popular altcoin Bitcoin (BTC) and Ethereum (ETH). Ripple (XRP) has increased by 0.2% in the past 24 hours. As of writing, the price of Ripple is trading around $ 0.2.
Looking at the daily table, it is seen that XRP is about to finish a Üçgen formation. The pattern is about to see the $ 0.1750 levels as the end point, as the trend changed from the uptrend to the downtrend. This situation is supported by the bulls' trading volume and price not having the power to increase to the specified rate.
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