The Forecasts for BTC, ETH and XRP for April 8
The market is in the red zone. Rollbacks and price adjustments are expected. Some cryptocurrencies, like Uniswap, have lost up to 10% of their value. Let's see what happens to BTC, ETH and XRP
The first cryptocurrency after a rise above $60,000 underwent a small adjustment. Its price decreased by 3%. The 4-hour chart shows that the coin has rushed into growth. However, this is not a bullish trend in the long run, but a correction after the fall in the price of Bitcoin.
Cryptocurrency Ethereum fell more than 7% after reaching ATH - above $2,112. At the time of writing, the coin is trading at $1,980. A correction of up to $2,060 is possible.
If the bulls can push the value of the cryptocurrency higher, the next resistance zone will again be $2,110. Currently, the bulk of liquidity is concentrated at this level.
The fall of XRP is not too noticeable. The coin lost 4.20%, not more like ETH. In the short term, the outlook for Ripple is optimistic.
The new peak is unlikely to be reached quickly, but bull traders may try again to overcome the level of $1.029 in the next couple of days.
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The article has an informational character, reflects the opinion of the author. Before you make a decision, analyze the market situation.