The market is facing a bounce back, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has risen by 0.51% since yesterday.
On the daily chart, Bitcoin’s small increase today hasn’t significantly altered its technical stance. The current price remains some distance from significant support and resistance levels, indicating a lack of urgency among both buyers and sellers for a major price shift.
In this case, sideways trading in the zone of $63,000-$67,000 is the more likely scenario.
Bitcoin is trading at $64,700 at press time.
ETH/USD
Ethereum (ETH) is more of a gainer than BTC, going up by 3%.
In simpler terms, the major altcoin’s price action resembles Bitcoin’s technically. If the day ends with a lower close than the previous day’s high, bears could regain control, potentially causing the price to fall towards the significant support level of $3,000.
Ethereum is trading at $3,142 at press time.
XRP/USD
The price of XRP has grown by 1.88% since yesterday.
The price of XRP on the daily chart has rebounded from its resistance point at $0.5140. However, if today’s candlestick ends significantly away from this level, it’s possible that the downward trend will extend to $0.48 by week’s end. This potential outcome remains valid until then.
XRP is trading at $0.4967 at press time.
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2024-04-15 19:35