Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin Back In The Game, Crypto Market Bull Run Still In Play

The cryptocurrency market seems ready for another bull run after a mundane weekend session. The market is dotted mostly in green, with the significant digital assets leading the price action. Bitcoin reclaimed the position above $19,000 but still is struggling to sustain gains toward $20,000.

As discussed earlier, Monero (XMR) is among the biggest single-digit gainers after breaking out of an ascending triangle. On the other hand, Stellar (XML) looks ready to dump to $0.08 following a sell signal on the weekly chart.

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Bitcoin eyes a massive breakout beyond $20,000

Bitcoin is getting ready for a significant upswing to price levels above $20,000, but first, the ongoing consolidation has to run its course. The flagship cryptocurrency is trading slightly above $19,300 while the seller congestion at $19,500 limits its upside.

The Relative Strength Index has reinforced the sideways price action by levelling marginally above the midline. Bitcoin bulls can push the price above $19,500, which will help validate the anticipated upswing past $20,000.

A constriction of the Bollinger Bands hints at a possible breakout in the coming sessions or days. Therefore, to be on the safe side, buyers must not allow BTC to dive under the Bollinger Bands' middle boundary. If an extra bear push comes to shove, the 50 Simple Moving Average must be guarded at all costs, as buyers can build another uptrend from this level.

(Click on image to enlarge)

BTC price chart

BTC/USD 4-hour chart

On the flip side, massive losses will come into the picture if the price dives under the 50 SMA. This could also confirm a breakdown after the Bollinger Bands' squeeze. Tentative support areas include the 100 SMA at $18,600, the 200 SMA at $17,330 and late November's support at $16,500.

Ethereum holds firmly ahead of a potentially massive breakout

The smart contract has firmly held onto the ascending triangle support despite the multiple rejections from levels above $600. At the time of writing, Ethereum is trading at $595, as bulls look forward to a massive breakout towards $700.

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Disclaimer: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only ...

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