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Price Prediction

Bitcoin Price Prediction: BTC/USD Trades Near $13,400 but the Bulls May Have to Wait a Bit

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Bitcoin (BTC) Price Prediction – October 25

The Bitcoin (BTC) has recovered from the recent low on approach to $12,800 but the Bulls may have trouble taking the price above $13,500.

BTC/USD Long-term Trend: Bullish (Daily Chart)

Key levels:

Resistance Levels: $13,800, $14,000, $14,200

Support Levels: $12,400, $12,200, $12,000

BTCUSD – Daily Chart

BTC/USD resumes the upside trend after a short-lived retreat to $12,890 during early Asian hours. Presently, BTC/USD is changing hands at $13,033 above the 9-day and 21-day moving averages. A sustainable move above $13,200 may bring $13,300 back into focus and improve the technical picture. The coin after touching $13,361 has gained nearly 2% since the beginning of the day but later moved back to touch the low of 12,890.

What is the Next Direction for Bitcoin?

Looking at the daily chart, BTC/USD is still trading above the moving averages. Considering that the RSI (14) may be reversing to the downside from the overbought region, However, BTC/USD may retest $12,800 before another attempt at $13,000 but if $12,800 is broken, the nearest support level of $12,700 may come into focus, followed by $12,500.

Therefore, any failure by the bulls to move the price above the upper boundary of the channel, traders may see a price cut to $12,400, $12,200, and $12,000 supports. For now, the bulls may continue to control the market if the technical indicator remains within the overbought zone. The potential resistance levels are located at $13,800, $14,000, and $14,200.

BTC/USD Medium-Term Trend: Bullish (4H Chart)

At the opening of the market today, the Bitcoin price first went up to touch $13,360 but has dropped slightly within 24 hours, bringing its price below the 9-day and 21-day moving averages but currently trading at $13,015. Should the price remain below the moving averages, it could hit the critical support levels at $12,200 and below.

BTCUSD – 4 Hour Chart

In other words, if the bulls push the coin above the moving averages, the market price may reach the potential resistance levels of $13,400 and above. Meanwhile, the market may follow the downtrend as the RSI (14) indicator remains below the 60-level.

Bitcoin Price Prediction: BTC/USD Trades Near $13,400 but the Bulls May Have to Wait a Bit

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Ethereum Price Prediction: ETH/USD May Consolidates Between $400 and $420

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ETH Price Prediction – October 24

The daily chart reveals that ETH/USD is keeping its upward movement, while the sellers are frustrating the movement.

ETH/USD Market

Key Levels:

Resistance levels: $450, $460, $470

Support levels: $375, $365, $355

ETHUSD – Daily Chart

ETH/USD has been remarkably slow in its movement since October 22 when the coin touched the monthly high of $421. The lethargic movement follows a lower correction from highs around $417 and the failure to break above this level must have discouraged the bulls while giving Ethereum bears a gap to explore.

Where is ETH Price Going Next?

At the time of writing, ETH/USD is trading above the 9-day and 21-day moving averages with just a 1.06% gain at its current price of $413.87. This is around the price at which it has been consolidating following its recent rejection at $420 a couple of days ago. Meanwhile, a firm break above this level could spark buying pressure that may help to push its price up to a new high.

Moreover, for a backward movement, the market may be supported at levels of $400 and $390 and if the price falls below these levels, other supports are below the moving averages at $375, $365, and $355. But should in case the price exceeds the indicated level of $413, then, the resistance levels of $450, $460, and $470 may be visited. The technical indicator RSI (14) is moving around 65-level, suggesting a sideways movement.

Against Bitcoin, the market price is seen falling below the 9-day and 21-day moving averages and the technical indicator RSI (14) also confirms the bearish movement as the signal line moves below the 45-level.

ETHBTC – Daily Chart

Moreover, the market price may continue to decline if the coin remains below the moving averages and this may bring the price down to the support levels of 0.029 BTC, 0.028 BTC, and 0.027 BTC. Therefore, if ETH/BTC bulls can gather more effort and push the price above the moving averages; this could lead the coin to the resistance levels of 0.034 BTC, 0.035 BTC, and 0.036 BTC respectively.

Ethereum Price Prediction: ETH/USD May Consolidates Between $400 and $420

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Ethereum Price Prediction: ETH/USD Loses as Reversal Looms; Price Eyeing $400 Support

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ETH Price Prediction – October 22

The Ethereum (ETH) is currently trading at $408 after a significant dip towards $400.

ETH/USD Market

Key Levels:

Resistance levels: $450, $460, $470

Support levels: $375, $365, $355

ETHUSD – Daily Chart

At the time of writing, ETH/USD is trading at $408 where a bearish momentum is building. Looking at the daily chart, the technical indicator RSI (14) shows that the bearish 60-level momentum may be coming into focus after nose-diving below 67-level. However, the 9-day and 21-day moving averages are still visible, suggesting buyers have the ability to regain control.

What is the Next Direction for Ethereum?

At the time of writing, the Ethereum price remains above the moving averages around the upper boundary of the channel. However, the sustainable move above $420 may improve the immediate technical picture and allow for an extended recovery towards the psychological $440. Similarly, any further bullish movement could negate the bearish scenario and bring the resistance of $450, $460, and $470 levels into view.

Meanwhile, the RSI (14) on the daily chart points downwards, signaling that strong upside momentum is less likely at this stage. Meanwhile, a failure to regain the ground could worsen the technical picture and lay the ground for the further sell-off towards psychological support created by $390. This barrier is reinforced by the 9-day MA and has the potential to slow down the bears. Any further bearish movement could be located at $375, $365, and $355 support levels.

Against Bitcoin, the market price remains within the descending channel are the bears are dominating the market. More so, ETH/BTC is currently trading at 0.0316 BTC and the bulls couldn’t push the price to cross above the 9-day and 21-day moving averages. Looking at the chart, if the market continues to drop, the next key supports may likely be at 0.0290 BTC and below.

ETHBTC – Daily Chart

However, on the upside, a possible bullish movement may likely push the market above the moving averages, immediately after this, the resistance level of 0.0340 BTC and above could be visited. Meanwhile, the technical indicator RSI (14) is moving below the 45-level and this is suggesting that the market may continue to drop.

Ethereum Price Prediction: ETH/USD Loses as Reversal Looms; Price Eyeing $400 Support

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Ethereum Price Prediction: ETH/USD Resumes Uptrend Above $380 as the Bulls Winning the Battle to $400

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ETH Price Prediction – October 21

The Ethereum bullish case to $400 now depends on the bulls’ effort to defend $370 initial support in the near term.

ETH/USD Market

Key Levels:

Resistance levels: $425, $435, $445

Support levels: $325, $315, $305

ETHUSD – Daily Chart

According to the daily chart, ETH/USD is impressively extending the bullish leg above $380, the price action has been significant enough to disapprove all negative predictions below the 9-day and 21-day moving averages. Yesterday, Ethereum tumbled and touched a $367 low and was unable to overcome the hurdles at $380 and $380 respectively.

What to Expect from Ethereum (ETH)

However, as of today, the impressive trading action is seen pulling ETH/USD not only above $370 but also $380. At the time of writing, Ethereum is trading around $385.76. Looking at the daily chart, we can see that ETH/USD even spiked higher into the resistance level at $386.13. Therefore, if the buyers continue to push the market higher, the immediate resistance above the $400 level will be located. Above this, further resistance levels lie at $425, $435, and $445.

Alternatively, if the bears step back into the market to bring down the price below the moving averages, the bears can expect immediate support to be located at $300. Further supports may be found at $325, $315, and $305 levels. Meanwhile, the RSI (14) may likely cross above the 60-level, signaling a more bullish movement.

When compares with BTC, the Ethereum price is clearly bearish. Meanwhile, as the price falls, sellers are posing an additional threat for buyers which may likely reach the 0.030 BTC where the nearest target is located. However, an eventual break below the lower boundary of the channel may cause the coin to collapse.

ETHBTC – Daily Chart

Moreover, a continuation of the downtrend could hit the main support at 0.029 BTC before falling to 0.028 BTC and below as the RSI (14) is seen moving around 36-level. However, if the price breaks above the channel, the buyers may resume back and push the market to the potential resistance at 0.033 BTC and above. Nevertheless, ETH will continue to fall if the sellers continue to release the pressure.

Ethereum Price Prediction: ETH/USD Resumes Uptrend Above $380 as the Bulls Winning the Battle to $400

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Bitcoin Price Prediction: BTC/USD Stabilizes Above $11,600 As The Bulls Struggling To Conquer $12,000

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Bitcoin (BTC) Price Prediction – October 19

Bitcoin bulls are working hard to nurture a bullish trend from the support at $11,400.

BTC/USD Long-term Trend: Bullish (Daily Chart)

Key levels:

Resistance Levels: $12,100, $12,300, $12,500

Support Levels: $11,100, $10,900, $10,700

BTCUSD – Daily Chart

BTC/USD is currently trading 1.19% higher on the day. BTC/USD opens the session at $11,514 and now adjusting upwards to the prevailing market value of $11,650. The first digital coin is moving within the short-term bullish trend amid low volatility. The current conditions imply that the price may break above the upper boundary of the channel in the next few trading hours as the coin remains above 9-day and 21-day moving averages. Meanwhile, the technical indicator RSI may start following the upward trend.

Where is BTC Price Going Next?

At the opening of the market today, after testing the low of $11,416, BTC/USD is currently trading at $11,650. Meanwhile, looking at the market movement, there is likely that the market may experience a quick retracement or sell-off just after touching the crucial $11,685, and traders may see $11,300 to $11,200 being tested again before pushing higher.

On the downside, if the market decides to fall, the price of Bitcoin could fall below the 9-day moving average, and if that support fails to hold the sell-off, traders could see a further decline below the 21-day moving average and towards the support levels of $11,100, $10,900, and critically $10,700. All the same, any further bullish movement above the upper boundary of the channel may hit the resistances at $12,100, $12,300, and $12,500.

BTC/USD Medium – Term Trend: Ranging (4H Chart)

On the 4-hour chart, we expect the coin to gain the lost momentum and hit the trade above $11,800. However, the volatility hovers, and the selling pressure still exists which leads the coin not to be able to cross above the upper boundary of the channel. Meanwhile, the $11,400 and below may come into play if BTC breaks below moving averages.

BTCUSD – 4 Hour Chart

However, if the buyers can reinforce and power the market, traders can expect a retest at the $11,800 resistance level, and breaking this level may further allow the bulls to reach $12,000 and above. The RSI (14) is seen nose-diving from the overbought region which shows that more bearish signals may play out.

Bitcoin Price Prediction: BTC/USD Stabilizes Above $11,600 As The Bulls Struggling To Conquer $12,000

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Litecoin Price Prediction: LTC/USD Resumes the Recovery as Bulls target $50 Resistance Level

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LTC Price Prediction – October 18

Since a few days ago, Litecoin (LTC) has been experiencing a downtrend within the channel.

LTC/USD Market

Key Levels:

Resistance levels: $51, $53, $55

Support levels: $44, $42, $40

LTCUSD – Daily Chart

LTC/USD is gaining around 1.09% in the recent 24 hours to trade at $47.44 at the time of writing. The coin has been one of the best-performing coins out of top-10 today as the upside momentum has been gaining traction since the early hours of today. However, LTC/USD dipped to the psychological $45.64 a couple of days ago before the recovery resumed today.

What to Expect from Litecoin (LTC)

The market price is currently displaying a sign of subduing volatility, ready to cross above the 9-day and 21-day moving averages. Meanwhile, taking a look at the daily chart, we can see that the trading volume is coming up slowly while the technical indicator RSI (14) moves above the 45-level, suggesting more bullish signals.

Meanwhile, if the Litecoin price remains above the control of the bulls, it may likely roll to the nearest resistance at $51, $53, and $55 levels. On the downside, any bearish movement below the moving averages within the channel could bring the market price to the support level of $44, $42, and $40 respectively.

Against Bitcoin, LTC continues to trend below the 9-day and 21-day moving averages. In case of a trend reversal, there is a need for an increasing volume and resistance to cause an upsurge in the market.  Now, the coin is trading around the 4133 SAT, traders can expect close support below the lower boundary of the channel at 4600 SAT and below.

LTCBTC – Daily Chart

Meanwhile, there’s a sign of a bullish movement in the market at the early hours of today’s trading. Therefore, if a bullish movement continues and validates a break above the moving averages; traders can then confirm a bull-run for the pair and the closest resistance may be located at 4300 SAT and above. On the contrary, the technical indicator RSI (14) is seen moving below 40-level, suggesting more bearish signals.

Litecoin Price Prediction: LTC/USD Resumes the Recovery as Bulls target $50 Resistance Level

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