Price Predictions For BTC, ETH, And XRP
As you know, the crypto assets are struggling to recover after the recent falls of Bitcoin.
The price drop of the most important coin in the market dragged the prices for the other coins down as well.
But today, the crypto market looks good with all important coins trading in the green.
There's a strong push that the crypto market has been getting
On the other hand, the online publication FXStreet notes that the strong push that the crypto ecosystem has been getting in recent weeks might be going unnoticed.
They write that following the announcement made by Facebook about their project Libra, more and more governments realized that it’s time to hop in the blockchain wagon.
The project has also been criticized a lot, and not too long ago, Ripple’s Brad Garlinghouse said that he blames Facebook and the details about Libra that they have made public for the high scrutiny received from regulators. He went as far as to say that Facebook's Libra endangers the whole crypto space.
Here are some interesting predictions that FX Street is making.
The online publication writes that the last time the ETH/BTC pair moved through similar levels as the ones these days was in April 2017, just before the pair began its biggest ever rise.
They write that “The MACD on the daily chart shows a completely flat profile and does not provide any further information. This indicator does not usually stay long in this situation, which supports the idea of a breakout move.”
At the moment of writing this article, BTC is trading in the green, and the coin is priced at $7,432.45.
FXStreet writes that “The MACD on the daily chart shows a precursor profile of an upcoming bullish cross. Statistically, the next significant move should be up.”
At the moment of writing this article, ETH is also trading in the green and the coin is priced at $149.15.
The publication writes that “The MACD on the daily chart shows a profile similar to the one we have seen on the BTC/USD pair. The MACD on the daily chart shows a pattern similar to the one we have seen on the BTC/USD pair.”
The same online publicaiton mentioned above writes that “The MACD on the daily chart shows a profile suggesting upward movement in the short term.”
Overall, the predictions regarding the prices of the most important digital assets are pretty optimistic, despite the high volatility of the crypto market.
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