Bitcoin trads in a compact range because XRP, LT, OM and GT strive to move higher

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Bitcoin (BTC) was silent at the weekend, which indicates that bulls and bears are waiting for the next trigger. Although traders seem uncertain in the near future, analysts remain stubborn in the long term.

Market analyst Gert Van Lagen emphasized that Bitcoin broke off the megaphone formula, which can start a parabolic enhance compared to the range by 270,000–300,000 USD by 2025. Analyst Apsk32 expects Bitcoin to follow Rall Gold and reach $ 400,000 separately.

Daily view of cryptographic market data. Source: Coin360

While analysts anticipate a gigantic move in Bitcoin, they remain divided after the arrival of the Altcoin season. One of the problems with altcoins is the speedy pace of modern premieres, which thinly spreads the liquidity of traders between tokens. Coringeck co-founder and operating director, Bobby ONG, said that in January 600,000 modern tokens were created, which is a acute enhance from about 50,000 modern tokens stamped every month in 2022-2023.

Can Bitcoin exceed the tight range in which he got stuck in the last few days? Let’s look at the best cryptocurrencies that may enhance higher if this happens.

Bitcoin prices analysis

Bitcoin is in the face of resistance to medium movable, but the positive sign is that the bulls did not raise a lot of land for bears.

Daily BTC/USDT chart. Source: Cointelegraph/TradingView

This increases the likelihood of a break above average traffic. The level of 100,000 USD will probably act as an obstacle, but it is expected to be exceeded. The BTC/USDT pair may enhance to USD 102,500, and then to USD 106,500.

If bears want to prevent growth, they will have to drag the price below immediate support of USD 94,000. This can sink a pair to a solid support of USD 90,000. The buyers are expected to be a fierce level of USD 94,000, because the break below will complement the bears of a double pattern. The next support in the minus is $ 85,000.

4-hour BTC/USDT table. Source: Cointelegraph/TradingView

The pair trades in the strict range from 98,500 to 94,800 USD. The average moving was heard, and the relative force indicator (RSI) is just below the middle point, which indicates the balance between supply and demand. Buyers will have to exceed the price above USD 98,500 to open the door for a rally to USD 102,200.

Instead, if the price is continued and breaks below medium traffic, it suggests that the couple may remain in a tight extent for a long time. The tiny -term trend will change in favor of the bear at a break below USD 94,000.

XRP price analysis

XRP (XRP) has created a symmetrical triangle pattern, which indicates the indecision between bulls and bears.

Daily chart XRP/USDT. Source: Cointelegraph/TradingView

The 20-day interpretation average mobility (USD 2.64) began to gradually appear, and RSI is in a positive zone, which indicates a slight advantage for bulls. The XRP/USDT pair may enhance to the relegation line, which will probably act as a stiff resistance. Buyers will have to run and keep the price above the triangle to take control.

In contrast to this assumption, if the price drops and breaks below the average movable, it signals that the couple can stay in the triangle for a long time.

4-hour table XRP/USDT. Source: Cointelegraph/TradingView

Both average movable ones fall on a 4-hour table, and RSI is on a positive territory, which indicates an advantage for bulls. A break and closing above USD 2.84 can spotless the rally path to the relegation line.

And vice versa, a break and a closure below 20 can attract a pair of up to the 50-shaft Actiond ACTHE. This suggests that the couple can stay in a triangle for some time. Bears will return on the driver’s seat at a break below the support line.

Litecoin token price analysis

Litecoin (LTC) has been trading in a symmetrical triangle formula for several days, which indicates a purchase near the support line and sales on the retaining line.

Daily LTC/USDT chart. Source: Cointelegraph/TradingView

The 20-day EMA (118 USD) and RSI upsoping suggests that the buyers have a slight advantage. If the price appears from the current level or 20-day EMA, it will signal the purchase on dips. Bulls will then try to drive the LTC/USDT pair above the triangle. If they succeed, the couple may enhance to 141 USD and then 147 USD.

On the other hand, a break and closes under an EMA 20-day EMA indicate that the couple can oscillate in a triangle for several days. The trend will favor the bears up close below the support line.

4-hour LTC/USDT chart. Source: Cointelegraph/TradingView

The couple rejected from the resistance line and broke below 20, suggesting a profit reservation by short-term traders. Bears will try to sink the price to the 50th, which is a critical level of defense. If the 50-SMA disappears, the pair may fall to $ 112.

This negative view will be annulled if the price is selected from the current level or 50-SMA and breaks above the resistance line. The couple can enhance to 147 USD, where bears probably pose a significant challenge.

Related: Here’s what happened today in Crypto

Mantra price analysis

The mantra (OM) was strongly up, but a long wick on February 15 a candlestick shows a profit reservation above USD 8.

Daily chart OM/USDT. Source: Cointelegraph/TradingView

The OM/USDT pair will probably find support at the Rebirth level of 38.2% Fibonacci of USD 7.08, and then at 50% of $ 6.73. Shallow withdrawal will enhance the likelihood of continuing the upward trend. If the price drops above USD 8.20, the pair may enhance to USD 10.

Alternatively, deeper withdrawal suggests that traders are rushing to leave. The couple may break down to an EMA 20-day ($ 5.92), which is an crucial support, which should be considered, because the break below can lead a pair to 5.27 USD.

4-hour OM/USDT chart. Source: Cointelegraph/TradingView

The 4-hour chart shows that the pair trade in a strict range from 7.35 to 7.82 USD. If the price appears from the current level and increases above USD 7.82, the couple can collect up to USD 8.20.

On the contrary, if the price drops below USD 7.35, the pair may drop to 7.08 USD, and then to 20. If the price is reflected from 20, the couple will try to resume the return again. Sellers will have to jerk a price below 20 to start a deeper correction.

Prices for the goal token prices

Goal token (GT) closed above the line on February 14, which indicates that the bulls are trying to return.

Daily chart GT/USDT. Source: Cointelegraph/TradingView

However, sellers are unlikely to give up easily. They will try to pull the price back below the inheritance line. If the price reflects from 20-day EMA (USD 22.22), it signals that the bulls buy on minor declines. This will improve the rally prospects to $ 26.

Instead, if the 20-day EMA breaks, the GT/USDT pair can slip into 50-day SMA (20.67 USD). This is key support that should be considered, because the break below can open the gates for a fall to USD 17.43.

4-hour GT/USDT chart. Source: Cointelegraph/TradingView

The couple try to take support on 20 on a 4-hour table. If the price reflects from 20 and removes the resistance of 24 USD, the steam may enhance to USD 25, and then to $ 26.

On the contrary, the break and closing below 20 suggests starting deeper correction to 50. Buyers will have to vigorously defend 50-SMA, because the break below may sink a pair to USD 21, and later to $ 20.

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.

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