BCH Price Prediction – July 7
The Bitcoin Cash (BCH) retreats to test $235 support ahead of the breakout to $250.
Resistance levels: $260, $280, $320
Support levels: $220, $200, $180
BCHUSD – Daily Chart
Despite maintaining a bullish movement for the past few days, it looks like BCH/USD is looking to slow down and settle around the $230 level. The market is breaking down towards the 9-day and 21-day moving averages, touching its lowest daily level at $235.77. The current performance of the coin in the market is below the normal expectations of traders and the coin may soon recover from this downtrend.
BCH/USD is currently trading at $237.49; the daily chart shows that the coin is trading above the moving averages within the channel. As at the time of writing, the market price could not cross above the upper boundary of the channel before issuing a sell signal as the RSI (14) moves below the 58-level.
However, a minimum swing below the moving averages may likely bring the coin to a $225 support level. Exceeding this level could take the bears to $220, $200, and $180 levels. In other words, a high swing may likely take the bulls to a key resistance level of $250. Above this, the coin can possibly trigger a bullish rally which may take the price to $260, $280, and $300 resistance levels.
When compares against Bitcoin, the sideways movement on the daily chart is due to the price stability in Bitcoin Cash trading, which shows that the resistance-support is at equilibrium. One other thing to note is that the market is preparing to change the trend and a short-term bearish breakout may likely play out because the technical indicator RSI (14) moves below the 60-level and this could find the nearest support level at 0.024 BTC and below.
BCHBTC – Daily Chart
Moreover, if the buyers can hold the support of 0.0255 BTC, the market price may likely resume an upward movement above the upper boundary of the channel, while pushing further may take the coin to the resistance level of 0.0275 BTC and 0.0280 BTC.
Litecoin (LTC) Price Prediction – July 6
Litecoin adds 5.82% in a day, and at the time of writing, it is trading around $44.01.
Resistance levels: $47, $48, $49
Support levels: $39, $38, $37
LTCUSD – Daily Chart
LTC/USD is seen fetching a decent hike in the last 24 hours that took the coin around $44 after a while. The coin is already on a path of price recovery after the drops of yesterday. The Litecoin (LTC) is one of the most emerging coins of the market, and it is likely to touch $45 in the coming days as its next resistance. The long-term outlook is likely to be bullish.
However, as the trading volume is coming up gradually, the coin is trading above the 9-day and 21-day moving averages within the descending channel. On the upside, if the price breaks above the channel and closes above it, LTC/USD may likely continue its uptrend and could reach the resistance levels of $47, $48, and $49.
Moreover, as the market fluctuates, there is the tendency of the bears breaking below the moving averages to touch the support of $40 in as much as the 21-day MA is above the 9-day MA, the bears may likely step back into the market which may hit the nearest support levels at $35, $30, and $25 respectively. Technically, the RSI (14) is crossing the 50-level, suggesting more bullish signals.
Against Bitcoin, Litecoin has remained fairly static. However, we have seen an increase from 4573 SAT to 4724 SAT today where the resistance was found. The recent increase has also allowed the cryptocurrency to climb above the 9-day and 21-day moving averages which is a promising sign for buyers.
LTCBTC – Daily Chart
From above, if the bulls can break above 4800 SAT, higher resistance is then located at 4900 SAT and 5000 SAT. From below, the nearest level of support now lies below the channel. Beneath this, further support is at 4400 SAT and 4300 SAT respectively. However, the RSI (14) is breaking above the 53-level which is a promising sign for the bulls as the momentum is on their side.
ETH Price Prediction – July 2
Ethereum (ETH) is down with a 1.8% price decline over the past 24 hours of trading as the cryptocurrency rolls over and drops beneath $230.
Resistance levels: $245, $247, $249
Support levels: $205, $203, $201
ETHUSD – Daily Chart
Since the beginning of this month, ETH/USD has not been able to climb much higher from the $233 level as the market started to roll over and fall within the channel. ETH/USD remains below the 9-day and 21-day moving averages but it can rise higher and break above the last month’s high at around $253 if the bulls put more effort.
However, if the sellers continue to add downward pressure to the coin, initial support is expected at $205. Beneath this, support can be found at $203, and $201. On the other hand, if the bulls can defend the $226 level and allow ETH to rebound, an initial resistance is located above the moving averages at $235. Above this, additional resistance is expected at $245, $247, and $249.
Meanwhile, the technical indicator RSI (14) is seen falling below 50-level which shows that the previous bullish momentum is starting to fade. If the technical indicator manages to remain above the 50-level then the bulls stand a chance to allow Ethereum to rebound at $226. However, if it penetrates beneath, the cryptocurrency may continue a downward spiral.
Against Bitcoin, the daily chart reveals that the bears are making effort to step back into the market and the coin is making an attempt to show some negative signs that could make higher lows if the price moves below the 9-day and 21-day moving averages. On the downside, the nearest level of support lies at 0.0240 BTC and below this, critical support lies at 0.0237 BTC.
ETHBTC – Daily Chart
Moreover, when looking from the upside, the nearest resistance level is 0.0250 BTC and above this, further resistance lies at 0.0260 BTC and above. The technical indicator stochastic RSI is moving above the 30-level which indicates that bullish signals may come into play.
Bitcoin (BTC) Price Prediction – July 2
At the moment, BTC/USD is seen dropping over 0.52% within 24 hours as it trades at the $9,192 level.
BTC/USD Long-term Trend: Bearish (Daily Chart)
Resistance Levels: $10,000, $10,200, $10,400
Support Levels: $8,400, $8,200, $8,000
BTCUSD – Daily Chart
The daily chart reveals that BTC/USD failed to break the 9-day and 21-day moving averages with the current consolidation pattern as it fails to close above the $9,200 level. The Bitcoin (BTC) started the day off by trending lower toward the $9,000 level inside the descending channel. Similarly, the first level of support is located at $8,800. Beneath this, support lies at $8,400, $8,200, and $8,000 levels.
However, this marks another day that Bitcoin has failed to break above this channel as it looks to set up another few days of negative price declines beneath $9,000. A break above this channel would have set Bitcoin up to reach the $9,500 level; however, this is looking less and less likely with each failed breakout attempt as the RSI (14) moves around 45-level.
Furthermore, we can clearly see Bitcoin fails to break up above the upper boundary of the channel. Today, it couldn’t go higher but seen dropping beneath the $9,200 level. Although the candle is still yet to close, however, it does look unlikely that the bulls may end up closing above this resistance should in case the technical indicator moves above 50-level. More so, toward the upside, resistance lies at $10,000, $10,200, and $10,400.
BTC/USD Medium-Term Trend: Bearish (4H Chart)
Looking at the 4-hour chart, the bears are now coming back into the market tremendously while the bulls failed to defend the $9,000. Nevertheless, the $8,800 and below may come into play if the bearish momentum increases in the markets.
BTCUSD – 4 Hour Chart
However, if the buyers hijack the current movement and power the market, traders may expect a retest at $9,000 resistance level; breaking this level may further allow the bulls to hit $9,200 and above. At the moment, the RSI (14) signal line is seen moving into the negative side which may give more bearish signals in the near future.
Bitcoin (BTC) Price Prediction – July 1
Bitcoin bulls are working hard to nurture a bullish trend from the support at $9,000.
BTC/USD Long-term Trend: Bullish (Daily Chart)
Resistance Levels: $9,800, $10,000, $10,200
Support Levels: $8,700, $8,500, $8,300
BTCUSD – Daily Chart
Bitcoin is currently trading 1.68% higher on the day. BTC/USD opens the session at $9,108 and now adjusting upwards to the prevailing market value of $9,311. However, the king coin is moving within the short-term bullish trend amid low volatility. The current conditions imply that the price may stay range-bound during the next trading hours as the coin moves above the 9-day moving average. Meanwhile, the technical indicator RSI (14) may start moving upwards.
At the opening of the market today, after testing the low of $9,049, BTC/USD is currently trading at $9,289. Meanwhile, looking at the market movement, there is likely that the coin may experience a quick retracement if it moves above the 21-day moving average to touch the crucial $9,300 resistance, and traders may see $9,200 to $9,000 being tested again before pushing higher.
On the downside, if the market decides to fall, the price of Bitcoin could fall below the moving averages at $9,000, and if that support fails to hold the sell-off, traders could see a further decline below the lower boundary of the channel and towards the support levels of $8,700, $8,500 and critically $8,300. All the same, any further bullish movement above the moving averages may hit the resistances at $9,800, $10,000, and $10,200.
BTC/USD Medium – Term Trend: Bullish (4H Chart)
On the 4-hour chart, we expect the coin to gain the lost momentum and hit the trade above $9,500. However, the volatility hovers, and the selling pressure still exists which leads the coin not to be able to cross above the upper boundary of the channel. Meanwhile, the $9,000 and below may come into play if BTC breaks below moving averages.
BTCUSD – 4 Hour Chart
However, in as much as the buyers reinforce and power the market, traders can expect a retest at $9,400 resistance level, and breaking this level may further allow the bulls to reach $9,500 and above. The RSI (14) is seen trading above 60-level which shows that more bullish signals may likely play out.
ETH Price Prediction – June 30
Ethereum loses more than 0.68% overnight to go as low as $223; the next support may come at $220.
Resistance levels: $245, $255, $265
Support levels: $205, $195, $185
ETHUSD – Daily Chart
ETH/USD in the global market, with a market capitalization of $25.14 billion, has been moving in a downward trend from the recent high that reached $254 since the beginning of the month. At the time of writing, the ETH/USD is hovering around $226.26. This amount has been fluctuating since the beginning of the day and is 0.68% lower than that of yesterday.
Ethereum price had been consolidating over the last four sessions following the steep fall that occurred on June 24. Meanwhile, the coin opened with a downtrend today but currently trading in an upward trend. ETH/USD holds a high possibility of bringing the upsurge in the market, but that might be postponed due to the heavy market bearish pressure.
Furthermore, ETH/USD is still trading within the channel and below the 9-day and 21-day moving averages, but any crossover above the moving averages could take the price to the nearest resistance level of $240. More so, if the bulls can break this level, higher resistance lies at $245, $255, and $265 levels.
However, should the coin drops below the channel; it may continue to show low prices and may likely fall to the support levels of $205, $195, and $18 as the RSI (14) moves below 50-level.
Against Bitcoin, the Ethereum price begins to move downward as the price broke down after touching the 2497 SAT in the early hours of today. The price started falling and the RSI (14) indicator nosedives below 52-level, which might be considered as more downtrends for the market.
ETHBTC – Daily Chart
Similarly, the market may continue to decline if the sellers put more pressure on the buyers. Any further movement to the south may likely drag the price to the support levels of 2350 SAT and below. Therefore, if there is a rebound, the Ethereum price may likely go up and cross the channel to hit the resistance level of 2600 SAT and above.