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The Daily Hodl
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Crypto Forecasts – Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash, Binance Coin, EOS, Bitcoin SV, Monero, Stellar

by Daily Hodl Staff
August 8, 2019
in Trading
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

‎‎‎ ‏‏‎

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Bitcoin is trading sideways above the key level of $11,000.

The leading cryptocurrency is up 0.61% at $11,730 according to the latest data from COIN360 at time of publishing.

Ethereum is down 1.50% at $221.19, XRP is down 1.47% at $0.3075 and Litecoin is up 0.68% at $89.51.

Source: COIN360

NewsBTC analyst Aayush Jindal says Bitcoin will have to close above $12,000 to keep its momentum moving in the short term and to avoid a downturn.

“[Bitcoin’s] price is trading with a positive bias above the $11,500 and $11,650 level. Having said that, a proper close above the $12,000 level is needed for upside continuation.

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In the mentioned bullish case, the price could climb towards the $12,500 and $12,850 levels in the near term.”

On the flip side, crypto analyst Dave the Wave told his 12,000 followers on Twitter that he thinks Bitcoin’s recent parabolic run has likely ended.

I think it fair to say, with price loitering at this level for six weeks, that the parabolic move is over. The question now is correction or sideways… pic.twitter.com/BpnsFrNVuQ

— dave the wave (@davthewave) August 8, 2019

Here’s a look at the latest forecasts from across the cryptoverse.

Bitcoin

NewsBTC – Bitcoin targets fresh weekly high above $12,200

CoinDesk – Bitcoin price looks poised to retest highs above $13,000

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Ethereum

FXStreet – ETH/USD must breakdown big barrier $230-240 for greater upside

Crypto Daily – Support expected around $217, with resistance expected around $239

Litecoin

FXStreet – LTC/USD struggles at $90.00, initial resistance created by $95.00 handle

XRP, Bitcoin Cash, Binance Coin, EOS, Bitcoin SV, Monero, Stellar

FX Empire – Bearish start for XRP, LTC and BCH as Bitcoin fails to hold onto $12,000

Cointelegraph – Crypto market update: XRP, BCH, LTC, BNB, EOS, BSV, XMR, XLM analysis

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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Bitcoin
$55,288.00
$55,288.00
2.27%
Ethereum
$2,155.04
$2,155.04
3.11%
Binance Coin
$504.81
$504.81
3.5%
XRP
$1.30
$1.30
6.36%
Polkadot
$33.81
$33.81
7.06%
Cardano
$1.19
$1.19
4.59%

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