The cryptocurrency market is full of uncertainty and surprises for everyone in the community and as well as to the other markets too. Two days ago Bitcoin was under the bearish correction and its price goes down below $10K. Everybody in the market thought that now the increase in the value for Bitcoin will be difficult. And for everyone’s surprise, the value of the Bitcoin went upward up to $11K just the next day.
The value of the Bitcoin gained 20% of the bullish increase in the market and on the other hand, the other currencies that too was going down two days ago are now experiencing the bullish movement in their prices too. Ethereum and Ripple are also going with the bullish sentiment of Bitcoin.
Bitcoin BTC/USD value status: Currently, Bitcoin is trading at a value of $11661.47 USD and its value is increasing by 3.88%. The market capitalization of the currency is $207,542,609,723 USD and the 24-hour volume of the currency is $28,490,136,971 USD. The ROI of Bitcoin is 8,518.97%. Clearly, the value of the Bitcoin is under the excellent bullish sentiment.
The next Resistance level for the Bitcoin is $14K, then the next resistance for the value of Bitcoin is 17K and then the third resistance for the price of the Bitcoin is around the value of $19K if the bullish remains in action then Bitcoin will surely achieve this resistance levels. On the other hand, if the bearish correction overpowers the bitcoin’s value then the first support level is at the value of $10,670, further next is $9650 and the third resistance level is at the value of $9,174.
On MACD chart of Bitcoin display that the bear is disappeared from the chart and the short term price analysis stays bullish. The DMI also shows that bulls have defeated the bear. But some patterns are showing that bear can overtake in coming a few days and there are contradictions in two signal
Ethereum ETH/BTC value status: Yesterday, the ETH/BTC was trading at the value of 0.0265 and day before yesterday it was trading at the value of $0.028. The volatility is surge yesterday, but today the ETH/BTC is trading at this the value of 0.02538 and it is decreasing by -3.34%. The resistance levels of the ETH/BTC values are at 0.0268, second on 0.0278 and the third on 0.0291.
The bearish pressure the value of ETH/BTC will go down toward its support levels of 0.025, then next on 0.0228 and at the third value is at 0.020.
Ethereum price analysis ETH/USD: Ethereum currently is trading at the value of $295.64 USD and its value is increasing by 0.31%. The market capitalization of the currency is $31,562,117,176 USD and the 24-hour volume of the currency is $9,010,611,755 USD. ETH doesn’t experience the difficulties in staying above even it is not rising very high.
If the bulls go up then the resistance levels of the ETH/USD will be around the values of $306, the second value of resistance will be around $317 and the third stage of the resistance will be around $330. And if the value goes down from the current level then the main 3 support levels of the Ethereum will be $290, further down $260 and the third support level will lie around the value of $250.
The MACD displays the bearish slope in the charts. The bearish side can easily and fast to increase on both market side. The bulls are displaying above the ADI on the DMI line. The pattern is forming where ETH/USD can take any direction, still, the bears are growing slowly.
Ripple Price Analysis XRP/USD: Currently, the Ripple is trading at the value of $0.397415 USD and its value is decreasing by -0.79%. The market capitalization of the Ripple is $16,916,592,463 USD and the 24-hour volume of the currency is $1,323,968,729 USD.
Ripple in the top three is the only crypto that is currently under the bearish pressure. But, however, if the bulls are able to come in action, the main three resistance levels of the XRP is around the values of $0.41, the next one is at $0.428 and the third resistance will be around the value of $0.441. If the value of the XRP goes further down then the first support level will be at the value of $0.389, which is close to current trading value. Then the next support levels will be around $0.0367 and the third support level will be at $0.344.
The MACD chart of the currency shows that it is under the bearish pressure and the opening between the lines and slopes displays the bearish sentiment. The XRP/USD stays at the same place as it was in the second week of May. The ADI line is also bearish and the DMI also shows the bearish movement above the bulls.