Bitcoin and Ethereum Price Estimation: BTC Consolidation Will Affect Crypto Market

Bitcoin prices trade sideways, ranging from a large week to the average. This integration positively impacted Ethereum's value and led to preparations for its completion. Meanwhile, Ripple has already started climbing and is getting ready for a second stop.

Bitcoin's value is expected to drop in the short term

Bitcoin prices are in a slow downtrend, hoping to revalue the 50-week simple moving average (SMA) to $ 44,778. While these improvements could cause BTC to drop by around 3%, it could lead to a reversal and a positive outlook.

A successful rally from the above moving average sets the stage for a 21-week moving average of $ 51,256, with a strike of $ 53,709 in the event of a major emergency. . If orders continue, the Pioneer cryptocurrency could continue to rise, resulting in an impact of $ 57,845.

Either way, investors should be aware that this deal is based on a successful rally in the 50 week moving average of $ 44,778.

BTC / USD calendar

If the price of Bitcoin falls below the SMA at $ 44,778, it looks like it will drop further to $ 40,596 to fill the water below. The daily closing price below $ 44,778 invalidates the above argument.

Ethereum Rates Expected To Reach Higher Levels

As of November 28, Ethereum's price has been described as a low-end model. This model is achieved by using a connection line to connect 3 low levels and 4 high levels designed during this time.

This setup estimates a 16% increase, which adds the distance between the first swing high and the lower swing to a low of $ 3,912, bringing ETH to $ 4,533.

Assuming the price of Ethereum recovers from a 70.5% retracement of $ 3,780, this increase leads to a 20% increase. Traders should therefore pay special attention to reversing the retracement.

4 hour ETH / USD chart

On the other hand, if the price of Ethereum crosses the limit of $ 3,780 and $ 3,740, it will drop and re-value the low of $ 3,669. Closing the 4 hour candlestick below will lower the threshold and discern the argument.

Ripple price competition continues

For over a week, the Ripple price has moved closer to the resistance level of $ 0.837. The uptrend pushed the price of XRP up 11% to the potential high of $ 0.917.

The initial uptrend is true, but traders can expect the price of XRP to drop before causing another reversal. Support level 0.837 may appear soon. Assuming this to happen, market participants can expect the Ripple price to rise 12%, again to hit $ 0.936.

In some cases, the XRP rate may be extended during this period to collect income above $ 0.980 or $ 1.018.

XRP / USD chart in 4 hours

Everything is looking for a price on Ripple, but falling below the support level of $ 0.837 indicates a weak buyer. In this case, the XRP rate could fall below the demand barrier of $ 0.749 to record income. The daily closing price below indicates that the buyer did not try to push the price higher and is attempting to counter the token sending complaint.