Crypto Price Analysis 12/8 : BTC, ETH, XRP, ADA

Crypto Price Analysis

Over the last 3 days BTC Futures aggregated daily volume reached below $20 billion. We are seeing a big drop in crypto trading volume across all platforms.

Skew BTC futures volume

USDT daily volume trading is 1.5x higher than Bitcoin. We are noticing a shift in the market momentum from bullish to an early start of bearish market.

To decide if we will have a breakout or whether a short-term reversal is around the corner let’s examine Bitcoin, ETH, XRP, and Cardano

Video crypto price coverage

XRP Price Analysis

XRP price range for the week is $54 cents and $62 cents. If XRP is enable to maintain it price above $54 cents, it will trigger a further price drop that can potentially reach the next support level of $46 cents

xrp price analysis

ADA Price Analysis

The support level for the week is $12.4 cents. ADA price for the upcoming day will varies from $16 cents to $12 cents. In addition, if ADA is enable to stay above $14 cents, this can lead to a further drop.

ADA Price analysis
According to T&C

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ETH Price Analysis

ETH currently trading around $575. Ethereum will most likely touch $559 as there is a current shift in the market momentum. ETH price range for the week will fluctuate from $499 to $560.

Ethereum price analysis

BTC Price Analysis

Bitcoin is currently trading at $18813. With the current market momentum, BTC will most likely break all 4 support levels in the upcoming days And go below $18000.
BTC price range for the next few days is $18000-$18500

btc price analysis

The viewpoints and opinions expressed here are solely those of the author and do not necessarily represent the views of Cryptostec. Any investment and trade move involves risk. When you make a decision, you can do your own analysis.

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