TOP 3 Price Prediction & Analysis: BTC, ETH, XRP – 13 April

The cryptocurrency market has finally hit
a $2 trillion market capitalization for the first time ever as most of the top coins established
new all-time highs. Coinbase IPO (Initial Public Offering) will
be live on Wednesday 14 April and seems to have helped the industry. Bitcoin price aims for $74,000 in the long
term. On the 12-hour chart, Bitcoin broke out of
a symmetrical triangle pattern that can be drawn connecting the lower highs and higher
lows with two trendlines that converge.

Measuring the distance between the beginning
of the top trendline and the lower one, we get 26%. This 26% move is a price target of $74,000
in the long-term, although Bitcoin will most likely pause at $65,000 and $70,000 as they
are psychological levels. The flagship cryptocurrency faces no real
resistance ahead as these are new all-time highs. One of the largest events in the cryptocurrency
industry, Coinbase IPO will be live on Wednesday, April 14. If it does well, the entire crypto market
should also profit from it, some analysts have even called it the most important IPO
of the year.

Ethereum price breaks out of crucial pattern. On the 4-hour chart, Ethereum has broken out
of a cup and handle pattern in the past 12 hours. We discussed this possibility in our last
ETH analysis here. The initial price target of this breakout
is $2,400. Ethereum is facing no resistance ahead which
means a jump to $2,400 is imminent. More than $61.5 billion worth of ETH is currently
locked away, representing about 1/5 of its entire market capitalization. On the 12-hour chart, Ethereum has broken
out of an ascending wedge pattern which has a price target of $2,850, calculated by measuring
the distance between the beginning of the top trendline and the lower one. XRP price continues to explode to new highs
in unstoppable rally. XRP price is up by 170% in the past week and
seems to face no resistance ahead. The digital asset has already surpassed the
161.8% Fibonacci level and aims to hit the next level at $1.86, which is the 178.6% Fib
point.

Surprisingly the trading volume remains high
and it’s increasing again in the past 24 hours which indicates the current leg up has
a lot of strength. A breakout above $1.86 would drive XRP price
towards $2.06 at the 200% Fibonacci level, but it’s worth noting that Ripple might
continue climbing higher as it is the only digital asset in the top 5 that hasn’t hit
a new all-time high. The previous one was established in January
2018 at $3.67..

You May Also Like