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Neither bulls nor bears are dominating at the beginning of the week, according to CoinMarketCap.
The rate of Bitcoin (BTC) has increased by 0.83% over the last 24 hours.
On the daily chart, the price of BTC has approached the vital level of $43,589. If its breakout happens, the accumulated energy might be enough for a continued upward move to the $44,000-$44,500 zone. Such a scenario is relevant until the end of the week.
Bitcoin is trading at $43,403 at press time.
Ethereum (ETH) has gained more than BTC, going up by 1.07%.
From the technical point of view, Ethereum (ETH) is also looking more bullish than bearish. At the moment, traders should pay attention to the bar's closure. If it happens above $2,328, one can expect a further rise to $2,400.
Ethereum is trading at $2,330 at press time.
XRP is the exception to the rule, falling by 0.82% since yesterday.
On the daily time frame, the price of XRP has once again bounced off the support level of $0.4959. If bulls can hold the rate above the vital zone of $0.50, there is a possibility to see a local rise to the $0.52-$0.53 range shortly.
XRP is trading at $0.5081 at press time.
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.
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