The crypto market attracts attention with mixed price movements this month. Bitcoin (BTC), popular token, such as Ethereum and XRP, attracts the attention of investors by exhibiting wavy price movements. So, what are these three major crypto assets this week? Here are technical analysis and short -term estimates.
Bitcoin (BTC): $ 100,000 at the door?
Although Bitcoin was traded with 0.5 %loss in the last 24 hours, it provided 1 %on a weekly basis. With a market value of $ 1,925 trillion, Bitcoin continues its market domination at 59.83 %.
The simple moving average (SMA) indicator in daily graphs points to the rise trend. However, the RSI indicator gives weak momentum signals. If bulls take control, Bitcoin’s price can move towards $ 100,000 this week. Otherwise, a withdrawal may be experienced towards $ 92,000. For Bitcoin investors, these levels should be carefully monitored. The movements of large whales may be effective in short -term price movements.
Ethereum (ETH): Uncertainty in the Altcoin leader
Although Ethereum earned 1.75 %on a weekly basis, it suffered 22.84 %loss in the last 30 days. Since the beginning of the year, 18.92 %fell worried about investors. Ethereum, which has a market value of 325,637 billion dollars, has a 10.102 %market domination.
The death of the 50 and 200 -day EMA graph gives a signal of decrease in the short term. However, the MACD indicator shows positive momentum signs. If bulls provide superiority, ETH price can test $ 3,272. However, if the decline persists, the price may decrease to $ 2,530. These levels may also be effective on the general course of the market. The recovery of Ethereum may positively affect the entire Altcoin market.
Ripple (XRP): Is $ 3.50 on the target?
Although Ripple lost 1.12 %in the last 24 hours, it increased by 12.84 %on a weekly basis. The XRP, which has earned 31.63 %since the beginning of the year, ranks 3rd in terms of market value. The RSI indicator continues to remain above the neutral area, while the SMA indicator shows a positive tendency. If bulls dominate the market, the XRP price can test $ 3.50. However, if the pressure of the bears continues, the support of $ 2.50 will be a critical level. In particular, regulation news and corporate investor movements will determine the short -term aspect of XRP.
If these levels are passed, it is possible for XRP to reach higher levels. This week, the crypto market seems to be high volatility. Bitcoin, Ethereum and XRP may offer opportunities for investors between resistance and support levels. Developments should be closely monitored because market conditions may change rapidly.
