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4 December 2021
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Bitcoin

Top 3 Coins Price Forecast Bitcoin, Ethereum and Ripple: Lack of strong resistance to push price higher – Confluence Detector

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Bitcoin

  • Open: $9,614.56
  • Current Price: $9,609

BTC/USD is still moving sluggishly even though news recently came out that It has been deemed as “Money” under Washington, D.C., Money Transmitters Act. Read more about this here.

BTC/USD has one strong support level at $9,585. It sees a confluence of the one-day Bollinger Band upper curve, one-day Fibonacci 61.8% retracement level and one-week Fibonacci 61.8% retracement level among others.

Ethereum

  • Open: $275.64
  • Current Price: $285.42

ETH/USD has jumped tremendously this Friday after getting a boost from the increased user activity in various DeFi protocols. ETH/USD has two healthy support levels at $285 and $278.

The $285-level has the one-day Pivot Point resistance-one and one-month Pivot Point resistance-three. The $278-level is highlighted by the one-day Fibonacci 23.6% retracement level and the one-month Fibonacci 161.8% retracement level. 

Ripple

  • Open: $0.2087
  • Current Price: $0.2058

XRP/USD has healthy support at $0.188, which has the one-month Fibonacci 38.2% retracement level and one-week Pivot Point support-one.

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