The crypto market is in an intense week with lateral movements marked by the intensity of the cause and effect achieved by Bitcoin over the rest of the ecosystem. We will try to obtain a more condensed panorama of the next three months on three important cryptocurrencies within the top ten of the cryptographic market.
Bitcoin (BTC) Price Prediction for March, April & May 2019
The main cryptocurrency in the market, Bitcoin (BTC), continues to depreciate as a result of a slight correction in its market prices. Probably due to the expectation of what arouses in the ecosystem in general that can push its prices out of the forecasted or on the contrary, take them to minimum levels again like the start of the year.
Its market capitalization of $ 68 billion and a half dollars keeps it in the first position as it continues to set the pace against others. Its contraction at the time of writing, -1.37%, has caused the ecosystem to lose 1 trillion dollars in just 24 hours.
The cryptocurrency has been repeating a demarcated pattern since the end of last year, with loss of momentum in its rising power and it is expected to continue that same behavior at least, till the end of March.
The ABCDE pattern projects this behavior with a guess at the Fibonacci levels for March 30, cut at point E to the value of $3554; established as your next support to achieve a change of pattern.
The projected tangent in 50-day period from February indicates that a new impulse of the king cryptocurrency could arrive for the month of April from support S1 to support level S2 ($ 3774.81) and then try to reach the level of resistance R1 and achieve the best case values of $ 4126.17. We can visualize this in the graphic with the AB pattern (fuchsia line).
May is projected as the rise and fall of Bitcoin (BTC), with the possibility of achieving resistance levels R1 (4182.69) and R2 ($ 4590.83). However, it possible to see them descend to close levels of support S2 ($ 3774.81). BCDE pattern (fuchsia line).
Ripple (XRP) Price Prediction for March, April & May 2019
The third largest cryptocurrency by market capitalization, XRP, presents a discouraging behavior for the month of March 2019. Its $12,841 million dollars capitalization does not seem to be enough to regain the co-leader position its enjoyed months ago, when Ethereum was displaced away from the second place.
It has now retreated with -1.11% in its price in the last 24 hours and it is expected to reach the end of the month after lateral movements at the average price of $ 0.3052. Unless serious news does not occur for Ripple, the base company of XRP token, the price should find support at that level for the remainder of the month.
The worst scenario would lead XRP to fall to levels of $ 0.10 by the end of March. However, as we have mentioned, the great usefulness of the token and the blockchain technology behind it, it is very unlikely to have such scenario.
Tron (TRX) Price Prediction for March, April & May 2019
The cryptocurrency of Justin Sun is one of the most important of the top ten that has been affected by the market of bears, making it start the week with struggle to maintain control. At the time of writing, the cryptocurrency presents a price of $0.022 USD and a contraction of (-3.49%). Its market capitalization is $1470 million, losing just over 100 million dollars in the last 24 hours. However, it still has an advantage over its competitors and has managed to keep the tenth box of the ranking.
To end March, the currency is expected to rebound to $ 0.029 USD levels with a 6% recovery recoil power on the average. Its immediate support goes through the levels of $0.0218- $0.0214. If it manages to stay above this level, it is very likely that it will reach the projected price, or a probable maximum value of $ 0.36 is expected.
April can be a black month for the TRon (TRX), with average levels of retreat of up to -3.5% fall to a levels of $0.235; although this value is still above the average of today’s price.
Finishing May could be a conflicting month for Tron (TRX). The cryptocurrency presents a lot of publicity and multiple use cases these days. Even a recent report indicates that the activity in the dApps on the blockchain network in recent time rocketed, indicating that developments on Tron (TRX) is still moving with high pace. Nevertheless, a fall to levels of $ 0.020 might happen in the month of May of the crypto fail to find support above its support.