Bitcoin, Ripple’s XRP and Bitcoin Cash Cyptocurrency Price Prediction and Analysis for August 13th: BTC, XRP and BCH

Bitcoin Price Analysis (BTC/USD)

After a sharp dip that took place back on 10 of August at 11:00, the market seemed to have taken a pause to consolidate on an intraday price chart.  Hourly resistance level $11536.91 continues with support level defined at $11341.29. Notably, both the significant level was tested in several instances.  

Additionally, the intertwined moving averages confirmed the lack of dominance in the market momentum.  The RSI indicator was seen declining Northway that signaled an increase in bearish outlook that also reflected an increase in sell-offs.  Despite the bearish pressure, the market of BTC has slightly gained by 0.02% having moved from $11344.06 to $11345.84.  

The downward movement has brought the market capitalization of BTC to the tune of $203,080,523,766 over the last 24hrs.  According to analyst until Bitcoin’s halving the price of BTC could be on a tight range between the resistance level $11536.00 and the support level $9000.0.

Bitcoin Price Prediction (BTC/USD)

Currently, all the technical indicators point at the further downtrend, the 21 day MA has crossed the 7 day MA, and the RSI indicator is heading north.  Traders should go short if the price breaches $11341.29.  However, if the bull manages to break $11536.91, then traders should go long and take profit at $12000.0.

Ripple’s XRP Price Analysis (XRP/USD)

The third ranked cryptocurrency started the session trading at $0.29786 and is currently trading at $0.29925.  This translates to a minimal gain of 0.46% over the last 24hrs. Despite the slight gain, the market exhibited a bearish rally that was reflected by the 21 day MA that crossed above the 7 day MA.  

The trend is sideways as the horizontal channels have confirmed it.  The channels also acted as the price support $0.29812 and resistance $0.30528 level.  In the market, the price steeply dropped as reflected by the RSI indicator that dipped from a high of 68 to a low of 43 that signaled a bearish momentum.  The market is currently lacking momentum since the RSI indicator is hovering between level 40 and 60.

Related Post

Ripple’s XRP Price Prediction (XRP/USD)

The 21 day MA is currently above the 7 day MA.  This signaled an increase in bearish momentum.  If the price manages to break the support level $0.29812, then investors can go short.  New targets should be set at $0.30000.0

Bitcoin Cash Price Analysis (BCH/USD)

Over the last 24hrs, BCH/USD pair seemed to have gained momentum since it is currently changing hands above $330.0.  The famous cryptocurrency is up by 3.2% throughout the intraday. The bullish outlook was however supported by the 7 day MA that gravitated above the 21 day MA during the last 23hrs.

Investor’s sentiments rose slightly before embarking to a steady flow.  The RSI indicator that moved from the overbought market zone (above level 70) to a low of 48 reflected this.  Additionally, an immediate resistance level was seen at $340.6 and support level at $334.8 that was later breached.

 A sharp rise above the $350 level may be encountered if the price breaks the $340.0 level.  The RSI indicator is currently between level 40 and 60 that indicate indecision in the market momentum.

Bitcoin Cash Price Prediction (BCH/USD)

At the moment, the 21 day MA has crossed above the 7 day MA that indicates incoming bearish run.  New targets should be set at $320.0.

Cryptocurrency Charts By Tradingview

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.

Dennis Wafula

Published by
Dennis Wafula

Recent Posts

School of Crypto? TMS Network’s (TMSN) Community Inspires Rising Number of Investors, EOS (EOS) and ApeCoin (APE) Fall Through the Bank

TMS Network (TMSN) stands out as a disruptor, currently making huge gains in its fourth…

9 hours ago

Savvy Investor’s Cheat-Sheet: TMS Network (TMSN) over Mask Network (MASK) and ApeCoin (APE)

TMS Network (TMSN) emerges as the savvy investor favorite having raised $6 million since the…

9 hours ago

Crypto experts asked Google Bard about Shiba Inu and Tradecurve the answers are surprising

The current crypto industry is filled with speculation and anticipation as investors continuously seek insights…

10 hours ago

Best Cryptocurrencies to Buy in Now: Chainlink (LINK), Polkadot (DOT) and HedgeUp (HDUP)

Choosing which cryptocurrencies to invest in can be a daunting task given the multitude of…

10 hours ago

TMS Network (TMSN) Rips Through Resistance, Dogecoin (DOGE) and Aave (AAVE) Left Shredded

As the bull season takes a haltering break, there’s one crypto that’s ripping through the…

2 days ago

TMS Network (TMSN) Flexes Its Muscles, BNB (BNB) And Wrapped BNB (WBNB) Face Limited Gains

It’s amazing how quickly things can change; just when everyone thought Binance and its BNB…

2 days ago