Analysis

Cryptocurrency Price Analysis for 23 April – 1 May

Cryptocurrency Price Analysis for 23 April – 1 May

BTC/USD (Bitcoin)

On May 1, 09:45 UTC BTC is recorded to be $9062.9 with a trend of increasing in price.

Last week on April 23rd, the price of BTC was at $8800 and was seen to maintain at the level between $8800 to $8900 until 24th April. It then started increasing rapidly to the point of near $9680 on the 25th of April. After April 25th it started correcting itself back to the position of $9000 mark.

Bitcoin has grown over 30% in April.

ETH/USD (Ethereum)

On May 1, 10:15 UTC ETH is recorded to be $663.32 with a trend of increasing in price after a sudden drop on April 30th at the end of the day.

Last week on April 23rd, the price of ETH was at $620.23 and went up to $710 by the end of 24th April. It had a sudden drop on  25th April straight to $601. Right after that it started increasing and started fluctuating between levels between $650 to $700 between 28th of April to 1st of May.

There is a major resistance level near $690 to $700.

XRP/USD (Ripple)

On May 1, 11:00 UTC XRP is recorded to be $0.82344.

According to the graph between 23rd April to May 1st it has been constant with April 23rd recording around $0.86029. It had a sudden rise in 24th April $0.87400 to around 0.96000. It then started falling from the 25th rapidly.

The major resistance level of 0.9000 and 0.9100 is challenging to move past. The question of the matter for Ripple is- when will it increase past $1?

BCH/USD (Bitcoin Cash)

On May 1, 11:45 UTC BCH is recorded to be $1312.2.

On the 23rd of April, it was recorded at $1195 which then started rising rapidly above $1550 on the 24th of April. Around the end of 24th April, it started falling back to the correction level of $1250 where it kept fluctuating around $1250 and $1450.

Resistance level is currently around $1500, and the support level is $1350.

EOS/USD

On May 1, 11:56 UTC EOS is recorded to be $17.6130

On the 23rd of April, it was recorded around $11.35 which then started rapidly rising after the 24th of April.  The highest this week was at $22.44 on the 29th of April.

It then fell back to the level fluctuating between $16 and $19 on April 30th to May 1st.

It is failing to break past $23, with the major support levels being at $17.

Image Source: “Flickr”

 


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