- Bitcoin prices are expected to rise rapidly to $ 42,748, despite facing multiple hurdles.
- Ethereum prices may follow BTC, but the rise is limited to $ 3,188.
- Ripple price to provide bystanders with an opportunity to accumulate before a 35% rise
Bitcoin prices are traded within a huge demand zone, which is the only way to prevent a catastrophic crash. Despite its ultra-bearishness, BTC bulls can cause a rapid recovery to imminent hurdles. Ethereum, Ripple, and other altcoins may follow.
Bitcoin price to gain momentum
Bitcoin’s price broke through the demand zone of $ 36,398 to $ 38,895 on February 24, but recovered and was able to prevent the aforementioned barriers from being nullified. This quick pullback helped BTC’s bulls stay bullish.
So, especially if Bitcoin can survive the 50-day Simple Moving Average (SMA) for $ 40,221, it could be done right away from here. In such cases, the price of BTC is $ 42,748, which could reach an immediate resistance barrier and the total profit would be 13%.
BTC / USD 4-hour chart
On the other hand, if Bitcoin’s price produces a 4-hour candlestick below $ 36,398, it creates a lower low and invalidates the bullish dissertation. This development could pave the way for BTC to revisit the $ 34,752 support barrier.
Ethereum prices are ready to rise
Ethereum prices have been retested in the $ 2,160 to $ 2,567 demand zone after tagging twice last week. Bounces here are needed for ETH to retest the 50-day SMA at the first major hurdle of $ 2,863.
Clearing this block will pave the way for retesting the daily supply zone, where Ethereum prices range from $ 3,188 to $ 3,393. This barrier is where the benefits of ETH are limited. Given the integrated nature of BTC and its correlation with Ethereum, it is unlikely that there will be any movement beyond this area.
ETH / USD 4-hour chart
Regardless of the bullishness, selling Bitcoin prices can also lead to an ETH crash. If Ethereum produces a 4-hour candlestick below $ 2,160, it creates a lower low and invalidates the bullish dissertation.
In this scenario, ETH revisits the $ 1,730 barrier. This barrier allows for a comeback if buyers are united.
Ripple price suggests comeback
Ripple prices continue to trade below the downtrend line that is preventing it from rising. This pricing action can reduce XRP to a stable level of support. The 12-hour demand zone from $ 0.55 to $ 0.63 is a stepping stone to absorb incoming selling pressure and allow remittance tokens to form a base.
Reversed from here, Ripple’s price could be 35% higher and the immediate resistance barrier could be tagged at $ 0.85. Liquidity is above $ 0.85, which is why market makers are pushing up XRP prices and surpassing them.
XRP / USD 6-hour chart
While things are looking for Ripple prices, the demand zone breakdown creates bearish lows. Therefore, a 6-hour candlestick below $ 0.55 invalidates the bullish dissertation and paves the way for a sharp correction.
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