- Bitcoin prices are set to reach $ 45,000 by tomorrow if the current tailwind continues to support price behavior.
- Ethereum prices are up another 12% and the Bulls are targeting $ 3,500.00
- The next profit level is $ 0.90, so the XRP price will be integrated.
Bitcoin prices, Ethereum and other cryptocurrencies are enjoying a calm week and the tailwind can finally flourish without constant interruption from headlines about Ukraine and Russia. Markets are also beginning to adapt to the situation, and there are no more immediate or significant moves triggered by the emergence of headlines. So far, expect to see the better side with some possible cryptocurrencies that will bring out the best week of the year.
Bitcoin prices have a defined game plan of $ 44,088 as today’s goal and $ 45,261 by the weekend
Bitcoin (BTC) prices have been on the forefront for the third straight day as the rally turns into a broader uptrend. The important thing is to see where the BTC price ends this week as the bear needs to be weakened with some short squeeze and breakouts running stops from shortsellers. Despite the rise, the Relative Strength Index (RSI) is not yet close to the “overbought” level, providing sufficient incentives for bulls and investors to continue buying BTC price behavior.
BTC prices are set to reach the high level of March 3rd today at $ 44,088.73. Given that, and given the current tailwind, the market begins to expect Bitcoin to hit a new high in the month still a week ahead. This additional bullish element should help conclude a daily closing price above $ 44,088.73. The same level of support testing provides the juice needed to generate new inflows from investors and facilitate price behavior up to $ 45,261.84 above $ 45,000.00.
BTC / USD Daily Chart
Tail risk stems from a large joint meeting of Biden with NATO, G7 and EU leaders in Brussels today. If the EU decides to move away from Russia’s gas supply, gas embargoes are at the table, which could disrupt markets and open up the possibility of further retaliation for Russia in Ukraine. It puts the global market back in risk-off mode, Bitcoin prices return to support at $ 39,780.68 and cross the green uptrend line.
Ethereum’s price is targeted at $ 3,500 after the Bulls forced a daily closing price above $ 3,018.55
Ethereum (ETH) prices are running a “classic long” trading plan today after the Bulls have surpassed $ 3,018.55 per day. As ETH’s price action began slightly above this level, prices fell slightly this morning towards the same $ 3,018.55 level, finding support and providing opportunities for new bulls and investors to enter the market. To do. Ethereum prices have returned to rising and will continue to rise. This now looks like an uptrend that may continue over a wider time frame.
Therefore, you need to find support with an ETH price of around $ 3,018.55, as you need to suppress the fade, as too large a fade can surprise investors. The current favorable tailwind is so widespread in the global market that it is expected to rise further towards $ 3,200 and $ 3,391.52, depending on the number of new positive headlines that act as additional accelerators. These moves will print new highs for at least March, and in some cases February highs, depending on how steep the rally can continue.
ETH / USD Daily Chart
The risk of Ethereum prices is that the price action is below $ 3,018.55. This could cause the bear to dive again and return the price action to the March 21 low of $ 2,835.83. The additional fail-safe system has a 55-day simple moving average of $ 2,808.84 as an additional support factor to consider.
When the bullish breakout reaches $ 0.90, the XRP price will be consolidated
At the price of Ripple (XRP), bears and bulls are pressed against each other as the candle body in the last two sessions becomes very thin. This shows that the bull and the bear are fighting it, neither of which has the advantage yet. Bears protect areas above $ 0.8390 from bulls running up to $ 0.8791, and bulls are trying to protect their support for $ 0.7843. At lower and higher lows, a breakout stage is set that looks at the current tailwind and probably favors the bull and results in a swift move towards $ 0.8791.
Therefore, the XRP price is set to print the new highs for March. The stock market is entering its best-performing week this year, with cryptocurrencies targeting $ 0.9110 and more bullish tailwinds expected. At that level, bulls encounter a 200-day SMA as investors need to reassess the situation before moving forward. This will probably be the stop point for the current uptrend. Where the world market is at that time and how far the peace treaty is between Russia and Ukraine will determine whether the bull will move towards $ 1.00 at the XRP price.
XRP / USD daily chart
Some statements suggest that it is unlikely, but if Putin is further cornered, the use of nuclear weapons could cast a dark shadow on the market. Expect a significant drop in stocks and cryptocurrencies with these headlines coming out, with XRP prices falling towards $ 0.7843 or $ 0.7600. In the first case, the historic pivot level provides support, and going further down, the monthly pivot is set to intertwin with the 55-day SMA. This should be enough to catch the falling action of the knife.