BTC, ETH And XRP Predicitons
Bitcoin’s volatility is huge these days, and at the moment of writing this article, the crypto market seems to be slowly recovering after the massive correction that took place in the past days.
Analyst Josh Rager said that he’s thinking that the leading crypto will continue to head south, and it will find support at around $8,600.
At the moment of writing this article, BTC is trading in the green and the most important coin in the market is priced at $8,722.01.
BTC bulls will have to protect the $9,090 level
On the other hand, Scott Melker of Texas West Capital said that BTC bulls need to protect the $9,090 level in order to avoid a larger move to the downside.
“The next support for me is still THE LINE at $9,090. For now, price bounced there to the dollar. Now let’s see if it holds.”
Analyst FilbFilb said: “Downside targets the 200-day moving average, 20-week moving average, and 50-week moving average seem good for a bounce, but the 200-day moving average is never really lost in a bull run, so losing that could be more of a significant issue. Nevertheless, I’m looking for longs down there.”
Regarding XRP trader Bleeding Crypto says the coin will likely continue to fill futures gaps before it hits a bottom at $0.2037.
The online publication the Daily Hodl explains that gaps are created on weekends when futures trading stops and XRP trading continues around the clock. According to the analyst, XRP typically fills its gaps 90% of the time.
“WE JUST GOT GAP #3 FILLED. That’s 3 in 1 day. Boy, I can just see all the non believers holding those heavy bags in the fetal position rocking back and forth regretting not paying attention… These are warning for you.”
$ETH vs USD update
>Tapped in to $275-280 resistance
>At diagonal support
>If lost, I expect a heavy sell-off
>$241 first support
>$208-211 remains valid if $241 is lost pic.twitter.com/Rmu2o59Gra
— //Bitcoin 𝕵ack 🐐 (@BTC_JackSparrow) February 25, 2020
Analysts also say that Ethereum seems to be at the beginning of a massive correction.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.