Bitcoin, Ethereum, XRP – This weekend has been an interesting period for Bitcoin and the top ten overall ranking. Interesting movements such as the displacement of TRON by Cardano and the firm support of Bitcoin at the level of $3900 have allowed to maintain a capitalization market above $140 billion dollars, which is indicative of the maturity of the market in relation to to the volatile panorama of a few months ago.
Bitcoin (BTC) Price Prediction For Next Week
The main cryptocurrency of the ecosystem with 50.5% dominance, has regained traction in the last hours by passing the $4000 barrier again and staying above that level despite the ferocious attack of bears. At the time of writing Bitcoin presents a spot price of $4033.02 USD with a growth in the last 24 hours of +0.19%.
In the short term, Bitcoin presents an upward trend, with a parallel channel formed by an ascending pattern that allows us to indicate that the cryptocurrency at any time will return to the level of $4100. Its support remains at $3894 and immediate short-term resistance that could reach $4157 per unit.
If it is possible to maintain the good environment around Bitcoin, the cryptocurrency is expected to reach an average spot price above $4100 by early April, depending on the crossing of maximum and high peaks projected in the above-mentioned triangle .
In addition, the behavior of Elliot predicts this last scenario and would represent Bitcoin gains in short of up to +(3-4)% in 10 days.
The Aroon indicator is beginning to show signs of supporting this theory, with its bearish indicator heading to the bottom, to give way to the short bullish trend.
If the solid crypto market remains above $130 billion of general capitalization, it is possible that the cryptocurrency achieves the minimum projected value of $4100.
In the medium-long term, the cryptocurrency is expected to have a crossroad for the beginning of April between the 25-day and long-term exponential moving flows, which could mark the path of the cryptocurrency. Generally speaking, in the long term, BITCOIN presents a graph with a bearish tunnel, which if confirmed, the worst scenario could reach levels of $ 3,500.
However, for the same chart displayed in the last two months of Q1 2019, the trend can be reversed to an ascending graph, with a possible bullish cross for April 5, 2019.
If it is positive, it is most likely that Bitcoin will achieve minimum levels of R1 ($ 4250) by mid-year, that is, +6.41%.
The monetary flow of Chaikin presents a bullish pattern, with high levels of money entry into the Bitcoin ecosystem.
Ethereum (ETH) Price Prediction For Next Week
Vitalik Buterin’s cryptocurrency continues to test $140 resistance levels. At the time of writing, its spot price is $137.90 with a positive growth of +0.48% in the last 24 hours.
In the short term, the 1H chart for Ethereum shows an ABCDE double wave pattern with a moving price between the S1 ($ 135.9) and R1 ($ 141.07) bands.
A bullish change is expected for the start of the last week of Q1 2019, with a 25-day EMA doing a bullish cross.
If this trend is positive, we could expect a movement of Ethereum close to short-term levels of R1 (+ 1.57%).
The Awesome Oscillator indicator marks an uptrend for next week for the second most important cryptocurrency in the ecosystem as we can see in the chart.
In the medium-long term, Ethereum presents a lateral movement of prices. The Cypher pattern indicates a price projection between the bands of $120 and $ 156 as maximums and minimums for the second Q2 2019.
If this pattern were maintained, Ethereum average price could be similar to the current one of $140.61 per unit, creating price increases close to R1 ($ 164.74), an +18% increase in relation to the current price at the time of writing.
Ripple (XRP) Price Prediction For Next Week
The third largest cryptocurrency by market capitalization fails to take off from its support levels. At the time of writing, it has a quote of $0.311 with a decrease of -0.12% in the last 24 hours.
For the short term, the Ripple token, XRP presents the option of repeating its crossed triangular pattern, with undulated price levels between S1 ($ 0.309) and R1 ($ 0.325).
It is possible that XRP will repeat this behavior by the end of this week number 13 of 2019.
The maximum estimated average price of Ripple in its uptrend is $ 0.324 (+ 3.2%), after meeting 71 bars of graph.
The Klinger Oscillator indicator shows this behavior, according to its projected tangent of the previous week.
In the medium-long term, the XRP 1D chart is not encouraging. Its projection is bearish in general terms, and there is a high probability that it will cap support levels S1 ($ 0.292).
However, according to Elliot Wave, it is possible that by mid April 2019, XRP will have a projection up to levels of $ 0.355 (+ 13%).
The Stochastico indicator is in low levels, due to the bearish pressure that is expected to reach the first half of April.