Top 3 Price Prediction: Bitcoin, Ripple and Ethereum Fire Up To New April Highs
- Cryptoassets to close trading in April in the positive following a COVID-19 triggered price crash in March.
- Bitcoin bulls step above $9,000 is a major milestone but bulls refuse to rest until $10,000 is in the rearview.
The cryptocurrency market is explosively bullish on Thursday led by Bitcoin. Across the board, cryptoassets have recorded gains in double-digit figures. For instance, Bitcoin is up 17.25% in the last 24 hours. It is trailed closely by TAGZ following a 17.18% growth. Other double-digit gainers include Ethereum (12.48%), Bitcoin Cash (11.86%), Bitcoin SV (14.84%) and EOS (10.87%) among others.
Bitcoin Price Update
Bitcoin price has advanced higher 5% on the day to trade at $9,227. An intraday high was been achieved at $9,301 (currently the short term resistance). In spite of the lower adjustment, Bitcoin price remains in a bullish trend. At the same time, high volatility levels hint that more upward action is possible. For bulls, trading above $10,000 before halving in May would set the stage for gains towards $20,000. Therefore, containing the accrued gains above $9,000 is a key factor to moving in the direction of $10,000.
Ethereum Price Update
The world’s largest altcoin has not been left behind by the bullish wave. In fact, it is among the most improved digital assets since the price crash on March 12. ETH/USD break above $200 has been instrumental to the progress made in the last 24 hours. Moreover, trading above $220 has shifted the focus to $230 and $250 levels respectively. At the moment, Ether is valued at $223 after a 3.82% intraday gain.
Ripple Price Update
Ripple price was the first to breakout on Tuesday among the top three. Following a period of consolidation above $0.19 support, XRP soared to highs touching $0.22. However, the bullish wave across the market on Wednesday sent the price to new April highs past $0.23. Higher support is being sort to ensure that recovery continues past the previous month high at $0.2491.
Chart Of The Day: BTC/USD Daily
Bitcoin bulls step above $9,000 is a major milestone but bulls refuse to rest until $10,000 is in the rearview.
Disclaimer
The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
John is a talented writer with over two years of experience actively contributing to the cryptocurrency industry by providing credible, interesting and easy to read the content. His main focus is on cryptocurrency price analysis and industry news coverage. Lets follow him on Twitter at @jjisige
Published at Thu, 30 Apr 2020 05:34:57 +0000
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