Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin Springboards Toward $55,000, As Market Cap Nears $1 Trillion

Bitcoin has started another rally to new all-time highs after settling above $50,000. The flagship cryptocurrency’s market capitalization is making a gigantic leap toward $1 trillion. At the moment, BTC has a market valuation of $982 billion and is significantly above Ethereum’s $221 billion.

Intriguingly, Binance Coin (BNB) has moved into the top three after rallying 42% in the last 24 hours. BNB is now the third-largest cryptocurrency, with a market capitalization of $40 billion. The Binance exchange native token is currently trading at $262.

Cryptocurrency, Business, Finance, Money, Wealth, Gold

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Bitcoin spikes to another new all-time high

Bitcoin bulls are not relenting in the fight gains toward $55,000 (near-term goal). They started by defending support above $50,000 and later ensured that BTC settled above $51,000. The pioneer cryptocurrency spent some time at the ascending channel’s middle boundary, but bulls seem to have increased their positions, sending to a new all-time high of $52,993 on Coinbase.

The bullish outlook is set to remain in place in the coming sessions based on the Moving Average Convergence Divergence (MACD). As the MACD line (blue) crosses above the signal line, the bullish impulse gets stronger. A break above $53,000 is likely to trigger the fear of missing out (FOMO), which could leave open air toward $55,000.

(Click on image to enlarge)

BTC/USD 4-hour chart

BTC/USD 4-hour chart

A correction will appear if Bitcoin fails to close the day above $52,000. An increase in overhead pressure will also jeopardize the support at the channel’s middle boundary. While $51,000 has functioned as an anchor before, BTC could retest $50,000, a rather make or break price level.

Ethereum closes in on $2,000

Ethereum, like Bitcoin, has settled above a vital price level. The break above $1,900 brought it close to $2,000. However, closing the day above the same level is viewed as a bullish signal. For now, all eyes are glued on $2,000, which may trigger FOMO as investors speculate the potential rise to $3,000.

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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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