Bitcoin price today is $42,052.11 USD with a 24-hour trading volume of $35,434,667,018 USD. If BTC can flip $41,000 back to support, XRP, NEAR, XMR and WAVES could attract buyers.
Bitcoin broke below the moving averages on March 4and the bulls tried to trap the aggressive bears by pushing the price back above the moving averages on March 5 and March 6 but failed.
Price prediction $35,000⬇ – $45,000⬆
If the price sustains below the moving averages, the bears will try to pull the BTC/Tether (USDT) pair to the support line of the ascending channel.
This short-term bearish view will invalidate if the price rises from the current level and breaks above the 20-day exponential moving average ($40,474). If the price breaks below $38,000, the pair could drop to $37,000 and then to $35,500.
Contrary to this assumption, if the price turns up from the current level and rises above the 20-EMA, it will suggest strong buying at lower levels. That could open the doors for a possible rally to $45,000.
Ripple (XRP) has been attempting to rise above the downtrend line for the past few days, but the bears have held their ground. A minor positive is that the bulls have not given up and are trying to defend the 50-day SMA ($0.72).
Price prediction $0.91⬇ – $0.62⬆
If bulls push and sustain the price above the downtrend line, the momentum is likely to pick up, possibly rallying the XRP/USDT pair to $0.91.
Contrary to this assumption, if the price turns down from the moving averages, it will suggest that the bears are selling on rallies. The pair could then drop to $0.70. If this level cracks, the selling could accelerate and the pair could drop to $0.62.
NEAR Protocol (NEAR) is sandwiched between the moving averages for the past few days. This shows that bears are selling on rallies to the 50-day SMA ($11) while bulls are buying on dips to the 20-day EMA ($10).
Price prediction $8⬇ – $14⬆
If the price rebounds off the current level and breaks above $12, it will suggest that bulls are on a comeback. The NEAR/USDT pair could then rally to $14 where it may again encounter strong resistance from the bears.
Contrary to this assumption, if the price breaks and sustains below the 20-day EMA, it will suggest that the bears have the upper hand. The pair could then drop to the strong support at $8.
Monero (XMR) has been correcting inside a descending channel for the past several weeks. The bulls are buying the dips to $134 and attempting to form a basing pattern.
Price prediction $134⬇ – $242⬆
This has resulted in a consolidation between $134 and $188 for the past few days. This equilibrium will shift in favor of the buyers if they push and sustain the price above $188. That will complete a double bottom pattern, which has a target objective at $242.
Contrary to this assumption, if the price turns down and slips below $155, the bears will attempt to pull the XMR/USDT pair to $134.
Waves (WAVES) formed a double bottom pattern at $8 and rallied sharply to $21. If the price turns up from the current level, it will suggest that bulls are buying on the dips. That will increase the possibility of a retest at $21.
Price prediction $13⬇ – $27⬆
If bulls push and sustain the price above $21, the WAVES/USDT pair could pick up momentum and rally toward $24 and then $27.
Contrary to this assumption, if the price turns down from the current level and breaks below the moving averages, it will suggest that the short-term traders may be rushing to the exit. That could pull the pair to $14 and then $13.
Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9
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