Ethereum

Bitcoin

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-ethereum-and-ripple-price-analysis/" data-wpel-link="internal">Bitcoin, Ethereum, and Ripple Price Analysis</a><br></p>
<p style="text-align: justify">Last month, we witnessed the approval of a spot <a href="https://en.coin-turk.com/bitcoin-price-surges-after-goldman-sachs-criticism/" data-wpel-link="internal">Bitcoin</a> ETF, and some predicted that this would drive prices to lower depths with significant sell-offs. However, they were mistaken as the Bitcoin price spent only a short time at the $38,500 support before climbing to a new peak after a month, reaching $50,334 at the time of writing. Altcoins have turned green again. So, what are the market predictions?</p> 
<h2 style="text-align: justify" id="bitcoin-btc">Bitcoin (BTC)</h2> 
<p style="text-align: justify"><strong>Bitcoin</strong> initiated the next phase of its uptrend on February 12, surpassing its January 11 peak of $48,970. It recently climbed to $50,334.82. At the time of writing, it was at $49,744. The $50,000 region is not a tough resistance area, but $52,000 seems a reasonable candidate for BTC’s potential local peak.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-313930 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/Bitcoin-Subat-Yorum.png" alt="" width="1200" height="661"></p> 
<p style="text-align: justify">With strengthening momentum and strong ETF inflows (and assuming inflation data doesn’t bring any bad surprises this week), <strong>BTC price</strong> could rise up to $60,000. Conversely, if the king of cryptocurrencies starts closing below $48,970, we could see sell-offs taking over and the price dropping to $44,700.</p> 
<h2 style="text-align: justify" id="ethereum-eth">Ethereum (ETH)</h2> 
<p style="text-align: justify">The market’s largest altcoin by value has many positive developments in store for the first half of 2024. Among them are the Dencun, ETH decisions, <strong>Bitcoin halving</strong>, the first interest rate cut, and more. Moreover, the bulls are maintaining $2,507 as support. The rising 20-day EMA ($2,400) and RSI are positive. Hence, with the $2,600 resistance surpassed, the price could rise to $2,717.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-313931 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/Ethereum-Subat-Yorum.png" alt="" width="1200" height="660"></p> 
<p style="text-align: justify">The breakout level of $2,400 will be the main key region to watch on the downside. If the support zone is lost, we could see a drop to $2,100.</p> 
<h2 style="text-align: justify" id="ripple-xrp">Ripple (XRP)</h2> 
<p style="text-align: justify">XRP’s recovery attempt faced resistance at the 20-day EMA ($0.52), and the price failed to make the expected bounce in the support zone. Despite the BTC rally, the XRP Coin price is below $0.54. If selling pressure increases, <strong>XRP Coin price</strong> could fall to key supports at $0.5 and $0.46.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-313932 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/XRP-Coin-Subat-Yorum.png" alt="" width="1199" height="665"></p> 
<p style="text-align: justify">A breakout upwards would reclaim the downtrend line and we could see a rally to $0.67. For now, XRP Coin bulls don’t seem very eager.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-ethereum-and-ripple-price-analysis/" data-wpel-link="internal">Bitcoin, Ethereum, and Ripple Price Analysis</a></h5>

Bitcoin, Ethereum, and Ripple Price Analysis

Table of Contents

COINTURK NEWS

Other articles published on Feb 13, 2024

Charting the Future Forward: WBS returns to Dubai

Does Ethereum’s sidechain ‘threaten’ XRP Ledger?

Setelah Harga Bitcoin Tembus US$50 Ribu untuk Kali Pertama Sejak Desember 2021

Best Altcoins to Collect Before the Bitcoin Halving: Which of These Altcoins Could Surge in 2024?

Dogecoin (DOGE) Price Poised For 30% Spike Soon

Kenny Li, Core Contributor of Manta Network, on The Future of Modularity, Decentralization, and M...

Join our free newsletter for daily crypto updates!