Leading Crypto Money Bitcoin (BTC) price continues to decrease. BTC, after the decline in the previous week on Monday saw the gold of $ 96,000. Ethereum (ETH) and Ripple (XRP) prices fell more than 7 %in the previous week to follow the footsteps of the BTC. According to crypto analyst Manish Chhetri, these tokens indicate more correction by trading below their basic support levels.
BTC Price Estimation: Bitcoin is moving towards $ 90,000!
The price of Bitcoin (BTC) was rejected and closed below the psychological level of $ 100,000 and fell approximately 2 %the previous week. Leading crypto currency continues to be traded around $ 95,800 during the article on Monday. If the BTC continues to correct, it may prolong the decline to test the level of $ 90,000, which is psychologically important.
The Relative Power Index (RSI) in the daily graph shows 40 after it was rejected from 50 neutral level last week. This points to the decline momentum. In addition, the average convergence deviation (MACD) indicates that more corrections will be made in the future by showing a decrease tendency. However, if the BTC recovers and finds around $ 100,000, it will prolong the recovery to re -test the highest level of $ 106.012 on January 31.
BTC/USDT Daily GraphicsETH Price Estimation: Crypto Money Bears target $ 1,900!
The price of Ethereum (ETH) faced a decline around the descending trend line on February 1, and 13.87 %fell to 13.87 %and closed below the $ 3,000 level, which was psychologically important. ETH continued to correct approximately 9 %of the previous week. Crypto currency, at the beginning of this week, on Monday, around $ 2,584, a decline. If ETH continues to decline and closes below $ 2,359, it will extend the decline to test the next week’s support from $ 1,905.
Meanwhile, the RSI in the daily graph shows the value of 29 below 30, which is the excessive level of sale. This points to a strong decline momentum. In addition, MACD continued to tend to decline last week, which shows that the decline tendency continues. On the other hand, if ETH is recovered, it can prolong the recovery to test the $ 3,000 level.
ETH/USDT Daily GraphicsXRP Price Estimation: Crypto Money is preparing for a movement for $ 1.40!
The Ripple (XRP) price decreased below the rising trend line on February 2 and declined by 10.35 %and closed at $ 2.72 below its daily support. On Tuesday, the XRP was rejected around $ 2.72 per day and fell by 11.38 %at the closing of Sunday. Crypto currency continues to be traded around $ 2.34 during the article on Monday. If the XRP continues to withdraw and closes for $ 1.96 below its daily support, it is possible to extend its decline to test the weekly support level from $ 1.40.
Meanwhile, the RSI value in the daily graph shows 35 and moves towards 30 with an excessive level of sale. This points to a strong decline momentum. In addition, MACD continued to show a decline tendency showing that the decline tendency continued. On the other hand, if the XRP is recovered, it may extend the recovery to test the daily resistance level for $ 2.72.
XRP/USDT Daily GraphicsThe opinions and estimates in the article belong to the analyst and are not definitely investment advice. Kriptokoin.comWe recommend that you do your own research before investing.
