BTC, ETH and XRP Price Prediction for December 9

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As a seasoned crypto investor with a decade of experience navigating market fluctuations, I’ve learned to weather the storm and stay calm amidst the volatility. This week has been no exception, with sellers seemingly taking control at the beginning. The current drop in Bitcoin (BTC) by 1.45% within 24 hours feels like a gentle nudge, reminding us of the market’s inherent unpredictability. If the daily candle closes without a long wick, I can foresee the correction extending to the $92,000-$94,000 range by week’s end.

Sellers have seized the initiative at the beginning of the week, according to CoinStats.

BTC/USD

The rate of Bitcoin (BTC) has fallen by 1.45% over the last 24 hours.

As a crypto investor, I’ve noticed that the daily price chart for BTC is showing a downtrend today, following yesterday’s bullish close. If we don’t see a significant long wick on today’s candle, it might signal a continuation of the correction, potentially taking us to the $92,000-$94,000 range by the end of this week.

Bitcoin is trading at $97,748 at press time.

ETH/USD

Ethereum (ETH) has followed the drop of BTC, going down by 3.07%.

On the daily time frame, bears are trying to seize the initiative. 

If the bar (market) shuts down at its present levels, traders might observe a continued drop towards the $3,600 price point in the near future.

Ethereum is trading at $3,815 at press time.

XRP/USD

XRP is no exception to the rule, falling by 3.08%.

Technically speaking, the price of XRP appears to be heading towards the potential support level of around $2.2011. Should it surpass this level, there could be sufficient momentum for a possible challenge of the significant $2 region in the near future.

XRP is trading at $2.3965 at press time.

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2024-12-09 19:01