The price of Bitcoin has risen by 1.7% in the week ahead of Easter weekend.
On Wednesday, Bitcoin (BTC) embarked on a slight recovery, moving from its local support to $ 5,200, as most of the other cryptographic assets such as Ethereum, XRP, Tezos and Binance Coin, recovered hard. At the time of writing this report, BTC has momentarily found $ 5,300, registering an increase of 1% in the last 24 hours, while a number of altcoins have gains in digits between 2.5% to 5%.
Bitcoin (BTC) Price Prediction
At the time of writing, BTC experienced growth not only in its price, but also in volume of market capitalization, once again exceeding levels of $ 90 billion dollars and increasing its intraday volume to just over $ 12.7 billion.
The market capitalization of the ecosystem is approaching $ 180 again and apparently this time, nothing seems to stop BTC from increasing its dominance and helping the crypto market in general to recover from the crypto winter.
The top 5 coins are in green and with the exception of BCH that has surprisingly begun to decline, expectations for investors this Easter are encouraging.
For the 1H chart in the short term, BTC looks quite solid in the five thousand band, with strong support quite far from the current price of $ 4938.80 and a resistance maximum already reached a week ago in R1 ($ 5487,90).
The Elliot wave is in its fourth wave, with possible price correction by withdrawal of investors’ profits at levels of $ 5300, as projected by Aroon Downtrend at the top of the chart.
However, the good news of the ecosystem allows inferring that a second double wave will be allowed from the ‘5’ point to project to levels of R1 in the short term, before reaching projections close to $ 5800- $ 6000 at the end of the month.
In the medium term, BTC promises to reach R1 levels by the beginning of May 2019, after breaking the price of the recently formed equilateral triangle.
The Stochastic indicator becomes bullish, with a positive slope projecting new overbought levels for next month. This would mean for now, the end of the crypto winter.
ETHEREUM (ETH) Price Prediction
The second cryptocurrency, despite the bear attacks in the market, was highly used in the last three weeks. While Ethereum movement in the cryptocurrency tables has been described as ‘slow’ or ‘unresponsive’ by many people involved in the world of digital assets, the altcoin seems to have taken all those comments calmly.
The amazing peaks Ethereum saw, the largest in its historyaccording to Etherscan.io, coincides with a recovery in the price of the asset.
At the time of writing, ETH is sold at a spot price of $ 173.21 with a positive growth of 4.31% in the last 24 hours and a market capitalization volume of around $ 18.3 billion.
In the medium term ETH expects it to reach immediate resistance levels of R1 ($ 210), which is currently forming its trajectory with the fourth wave.
The Stochastic indicator is projecting an upward buying trend for the altcoin, with a positive slope that progressively creates higher minimums.
In the worst case scenario, Ethereum will slump to levels of $ 105 per unit, a price reached by the altcoin at the beginning of February of this year.
RIPPLE (XRP) Price Prediction
The third active crypto has had an intense week with new announcements of institutional alliances with large companies worldwide. However, despite this, it has not had the impact expected by the fans of the cryptocurrency.
At the time of listing, the XRP token is quoted at a spot price of $ 0.3377 with a growth of 1.46% in the last 24 hours and a market capitalization volume of $ 14 billion and an intraday volume of $ 1.1 billion.
The outlook of XRP is just as encouraging as its first two opponents. At this moment, XRP draws a bullish pattern according to Elliot Wave and stays in the fourth wave to rebound strongly in the last (E) that allows it to reach levels close to $ 0.38.
The RSI indicator shows the good moment of purchase present in XRP investors with a feasible projection of overbought in the medium term that would boost the demand of the token and consequently its price.