September 19 has started with a dump on the cryptocurrency market. While Bitcoin located in a sideways trend, altcoins showed significant growth. However, they could not support the rise of the whole market. The rates of all of the top 10 coins are going down, while the biggest loser is EOS, whose price has reduced by more than 5% over the last 24 hours.

The key indicators of Bitcoin, Ethereum, and XRP are looking the following way.

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Bitcoin

BTC

$177 448 233 414

$9 888,71

$17 902 595 465

-3,28%

Ethereum

ETH

$22 167 267 260

$205,63

$9 413 360 259

-3,33%

Ripple

XRP

$12 576 707 069

$0,292108

$2 426 362 392

-4,15%

BTC/USD

Our earlier Bitcoin forecast came true, and the price went even below the critical $10,000 level. The leading cryptocurrency has lost more than 3% over the last day.

On the 4H chart, BTC came back to the levels of the beginning of September when the coin located below $10,000. Regarding the short-term scenario, Bitcoin is likely to bounce back from the current levels to $10,000, as the RSI indicator is on the verge of the oversold area. However, there should be a buyer’s presence so the trend could switch to bullish in a long-term scenario.

Bitcoin is trading at $9,854 at press time.

ETH/USD

Despite the spectacular growth when Ethereum rocketed from $190 to around $220 within a few days, it also faced a correction. 

The leading altcoin has touched the local highs at $218, however, the further rise is unlikely to happen as the MACD indicator is sharply going down. Moreover, the Fibonacci retracement shows that the next level for ETH is $199.61 (61.8%). If the decline continues, Ethereum might achieve the point of $193.85 (50%).

Ethereum is trading at $206.34 at press time.

XRP/USD

Our recent XRP prediction remains relevant as the rate might drop to the point of $0.25. XRP is the biggest loser out of the top 3 coins, having lost more than 4% over the day.

According to the chart, XRP is moving within the Triangle pattern with the nearest support level at $0.27. However, if the trading volume does not go up, the drop may continue and the coin will touch the point of $0.25.

XRP is trading at $0.2911 at press time.

(Excerpt) Read more Here | 2019-09-19 12:02:53
Image credit: source

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