Bitcoin’s profile on the daily chart looks very promising. While BTC has been coiling throughout the summer, we continue to form a bull flag. There is a 60% to 70% probability that Bitcoin will explore the $33,000 price range. Now is an excellent accumulation zone if you are a long term investor or swing trader.
Even though XRP’s price action looks discouraging after the lawsuit, the price chart is a hallmark sign of being in a trading range. Often times we see assets retrace after large moves by 50% and XRP appears to be following this pattern. The question is whether it will hold support at this level, or test the breakout mark. $0.62 has always been a critical level for XRP. In 2021, we saw XRP surge from the $0.62 level all the way up to $1.90.
HBAR’s price action has been performing very well. As we mentioned the last time we covered HBAR, it showed signs of being in a strong channel and this continues to be the case. Hedera slowly but surely has climbed and the channel that is carrying it remains intact.
