Bitcoin’s market dominance is at an all time high that is 70% in less than seven months after a year long crypto winter. While Bitcoin’s dominance kept rising, the RoI on altcoins continued to pose minimal to negative results during the past year.
Institutional leaders have shown interest in Bitcoin and prefer buying it over altcoins. Though Bitcoin might continue to be a leader, it is expected that certain altcoins will generate huge returns for investors in this so called crypto spring.
Bulls will continue resisting sell off and drive prices up. Bitcoin’s ROI is at 8684.97% and is currently trading at $11885. BTC/USD pair breaking below the downtrend line is an indicator that bulls are taking control of the market. A breakdown of both moving averages will further weaken the uptrend.
$225.29. It is showing a positive sign and bulls have managed to keep the price up. Ethereum is still trading above $218 and further upward correction is expected.
If the price breaks the barrier at $235 then it would potentially pick up momentum to further move up. However, if it falls below $218, then the price may fall below $190.
The XRP/USD pair crossed $0.27 for the first time since December 2018, and this may indicate the possibility of a bull run. The strength may be tested if price goes beyond $0.34.
Until we see further movement it is difficult to predict the same.
$30.71. If it crossed $33, it will be a positive sign and will be the first indication that the uptrend has resumed.
The pair may pick up further momentum beyond $32. The first target post that would be $34. Once this level is crossed, the pair is likely to move toward $45. If bulls fail to sustain this trend, the price may fall to $24 and below.
If the pair quickly climbs back above the uptrend line, the price will climb as it did between Aug 2-7 and the next target will be $4.9. If the price fails to cross critical support, we may see a sell off sending it to the $3.5 level.
BTC/USD
Bitcoin has been on a downward trend and has failed to sustain high levels. Bulls seem to be holding strong support at $12,000 and still selling at higher levels, resisting a bear market.Bulls will continue resisting sell off and drive prices up. Bitcoin’s ROI is at 8684.97% and is currently trading at $11885. BTC/USD pair breaking below the downtrend line is an indicator that bulls are taking control of the market. A breakdown of both moving averages will further weaken the uptrend.ETH/USD
Ethereum failed to sustain above $230 in the past three days and is currently trading atIf the price breaks the barrier at $235 then it would potentially pick up momentum to further move up. However, if it falls below $218, then the price may fall below $190.XRP/USD
XRP is trading at $0.307. It has an ROI of 5140.90% with bears lurking. The next support is at $0.27. If the price falls below that, selling may start at high levels.The XRP/USD pair crossed $0.27 for the first time since December 2018, and this may indicate the possibility of a bull run. The strength may be tested if price goes beyond $0.34.LTC/USD
LTC has been slipping below its average in the past week. This shows selling by traders who had purchased on hopes of a spike following halving. LTC did not cross $105 and now it may fall below $83.65 in the next few days if selling continues. The next move will decide the movement.Until we see further movement it is difficult to predict the same.BNB/USD
BNB has broken its average and is now on an upward trend. It is currently trading atThe pair may pick up further momentum beyond $32. The first target post that would be $34. Once this level is crossed, the pair is likely to move toward $45. If bulls fail to sustain this trend, the price may fall to $24 and below.EOS/USD
EOS is currently trading at $4.19 and has been on an upward trend. The price may climb till $4.70 and this is a time to hodl, sell off may start at $4.70.If the pair quickly climbs back above the uptrend line, the price will climb as it did between Aug 2-7 and the next target will be $4.9. If the price fails to cross critical support, we may see a sell off sending it to the $3.5 level.Content provided by CryptoTraderNews is for informational purposes only, and should not be construed as legal, tax, investment, financial, or other advice. All information is of a general nature. As always, there is risk with any investment. In exchange for using our products and services, you agree not to hold CryptoTraderNews Pro, its affiliates, or any third party service provider liable for any possible claim for damages arising from decisions you make based on information made available to you through our services.
