Price Analysis

Attention Traders! Bitcoin, Ethereum, XRP Price to hit $70K, $6K, $3 Respectively in the Coming 2 Months!

Written by: Sahana Vibhute

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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Mar 29, 2022

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Highlights

    Bitcoin price is currently showcasing immense bullish momentum to hit $50,000 before the end of the month

    The other popular tokens like Ethereum, XRP, ADA, etc may also follow the same path to achieve huge profits in an upcoming couple of months

Bitcoin price in the past week broke out from the ascending parallel channel and appears to be self-assured of smashing $50K at the earliest. Further, the price holds an important level at $50,640 which may ignite a strong uptrend towards the ATH. On the other hand, the Ethereum price is also attempting very hard to break through the consolidation, yet is unable to slice through the $2420 levels. However, a strong resistance zone resides just above $3600 which could hold the price very strong. 

While the ADA price after a parabolic recovery is expected to slide down a little towards the strong support levels at $1.01 again. However, it may ignite a strong flip here that could kick-start an upswing towards $1.6 levels. While XRP tests crucial resistance close to around $0.86 and tries hard to clear these zones. Despite a pretty much uncertain environment, the assets are expected to hit the highest levels in a couple of months. 

A popular analyst and a famous Youtuber, Crypto Rover set some unbelievable targets for the popular cryptos. He sets the BTC price target at $70K to $100K in the upcoming 2 to 4 months. And a similar higher price target is set for Ethereum, Cardano, Polkadot & XRP. While the network upgrades and the swelling DeFi/ NFTs, etc may fuel the price, an extremely high target for XRP hints at a v-shape recovery for the asset. 

Therefore, the Q1 close may be notably bullish which may ignite a strong open for the Q2 2022 trade. And hence the upcoming quarter could be much more profitable as the crypto space is manifesting a huge bullish momentum. No doubt these targets are achievable, but whether they may happen in the next 2 to 4 months would be interesting to watch!

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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