Bitcoin, Ethereum and Ripple prices have been under heavy selling pressure of late, due to the prevailing FUD within the crypto space.

While the chances of a rally are flickering, it could be just another bull trap that traders may not be aware of.

Will the price of Bitcoin hit $18,500 this month?

The BTC price trade setup shows that it is in a decisive phase, where both the chances of a notable jump and a minor pullback can be expected. The price may rally beyond $18,500 to reach $19,000 or fall hard to test the $16,500 support zone in the near term.

Fountain: https://twitter.com/CredibleCrypto/status/1603926778870779904

BTC price is required to sustain above $16,500 and ignite a firm bounce that may push the price to touch $17,300, which may break the resistance at $18,000. Conversely, if the BTC price loses the crucial support at $16,500, then it can drop sharply all the way to as high as $15,600.

Will Ethereum Price Face A Sharp Selloff Before Shanghai HardFork?

The Ethereum price has dropped dramatically, eroding all the gains made in the last 7 days. The second largest asset broke the support trend line and fell sharply in recent days. No doubt, the buyers tried to ease the selling pressure, but the price remained bearish sway, so it fell and continued to trade below $1200.

Source: https://www.tradingview.com/x/mRVWoE1u/

Ethereum price is currently trading between $1,240 and $1,118 and is accumulating profits to gain a significant advantage in the coming days. The RSI has also witnessed a bullish divergence as the ETH price may see a noticeable price jump.





This post Top Bitcoin and Ethereum Price Predictions for the Next Week

was published first on https://coinpedia.org/price-analysis/top-predictions-for-bitcoin-and-ethereum-prices-for-the-coming-week/

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