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[microunit]

Bitcoin - bitcoin is now trending due to the halving that just happened, they say that bitcoin is now quite in the positive direction. If BTC can break the resistance at 10K$ then it can most probably rally at close 10.6K$, but there might be a drop in its 20day estimated moving average.

Ethereum -Eth has broken and past the downline trend last may 17, this gave an opportunity for investors to buy the coin. furthermore if eth can past the 220$ mark then move higher to 227$ then reaching the price of 250$ is possible in this case.

Ripple - Ripple struggled to go above the 0.2057$ mark in the past few weeks. even though it reach an all day high of 0.208$ it seems like it sustain itself to go higher. Ripple can drop from its level now on a 50day moving avering at 0.19$ and might plumet to 0.17$, but if it can rally to 0.23$ then it is possible that it can go beyond the 0.26$ mark.

BitcoinCash - BCH has been averaging and keeping close in the range of 230$ - 250$. If BCH can go above the 250$ mark then it is possible that it can reach the mark of 280$, but if drops below the 230$ mark it can mostly likely also drop to the 200$ mark.

Litecoin - Litecoin has been steadily rising in the past few days. If LTC can reach the price mark of 52$ then it can rally to 64$ price mark, But if the current price levels of LTC were to go down, It might sink to 39$.

 

[brent_abella]

Yes, we could tell as of now that Bitcoin is in the positive direction as it is recovering from being dumped for the past 2 months but there is no guarantee that it will continue its momentum as resistance is still not reached nor surpassed.

 

[SCAMEXPOSER]

The predictions with time frame are accurate to an extent cos the effect of Halving is usually days or weeks after it , these coins mentioned are famous. If bitcoin should all of them will rise also with different ratio.

 

[Brain]

This analysis looks real and I hope to see crypto prices as predicted by some analyst. Litecoin seems to be moving up now and I'm really saving mine daily.

 

[microunit]

Yes, we could tell as of now that Bitcoin is in the positive direction as it is recovering from being dumped for the past 2 months but there is no guarantee that it will continue its momentum as resistance is still not reached nor surpassed.

It's still early for bitcoin to drastically move upwards as others would thought, We still have about a week and half before the end of the month, bitcoin might hit the 10k$ before then

 

[SCAMEXPOSER]

It's still early for bitcoin to drastically move upwards as others would thought, We still have about a week and half before the end of the month, bitcoin might hit the 10k$ before then

Let hope so, the fluctuations has been between $9400 - $9890 for the past one week , so it change in price might be a drastic one probably from $9700 to $10300 or more .

 

[Balint098]

I think this issue with coronavirus is holding down the price somewhat. Most people now take a more conservative stance to their personal finances, considering the uncertain economic future the world is heading into. And because of Bitcoin's price volatile some of them afraid to try out bitcoin.

 

[SCAMEXPOSER]

Probably their is a pause in trading of coins as lot of people are scared to buy cos of the possibilities of the price to fall while those having the coins in store don't want to sell as such cos they want more rise. I still don't know why the fee is high when the price is not risng fast.

 

[microunit]

Probably their is a pause in trading of coins as lot of people are scared to buy cos of the possibilities of the price to fall while those having the coins in store don't want to sell as such cos they want more rise. I still don't know why the fee is high when the price is not risng fast.

Transaction Fee is dependent on the blockchain traffic and the availability of miners, if more transactions are being transacted then fee would be higher

 

[SCAMEXPOSER]

Transaction Fee is dependent on the blockchain traffic and the availability of miners, if more transactions are being transacted then fee would be higher

I thought the transactions fee increase when there is more trading volume in the network, didn't take into consideration of mining activities. Could it be possible that more people are mining bitcoin currently ?

 

[brent_abella]

I thought the transactions fee increase when there is more trading volume in the network, didn't take into consideration of mining activities. Could it be possible that more people are mining bitcoin currently ?

I don't think so. Mining bitcoin today is more getting difficult and the reward for miner is getting into half every halving. I could say that miners count are 'maybe' decreasing so thats why it is affecting the network transaction fees of Bitcoin to increase suddenly.

 

[brent_abella]

I think this issue with coronavirus is holding down the price somewhat. Most people now take a more conservative stance to their personal finances, considering the uncertain economic future the world is heading into. And because of Bitcoin's price volatile some of them afraid to try out bitcoin.

Yes, this is the main factor why Bitcoin's price suddenly dumped/declined these past days. You could see the big difference before without corona virus and when it is starting to spread worldwide.

 

[microunit]

I thought the transactions fee increase when there is more trading volume in the network, didn't take into consideration of mining activities. Could it be possible that more people are mining bitcoin currently ?

nope, transaction fees just increases base on traffic in the blockchain, if you want your transaction to be process faster you must pay higher transaction fees

 

[Balint098]

It also depends on how many miners there are out there, hopefully bitcoin will still have enough miners after several big mining operations in China went bankrupt.

 

[microunit]

It also depends on how many miners there are out there, hopefully bitcoin will still have enough miners after several big mining operations in China went bankrupt.

I Think it will still have enough, as the number of miners get reduced, the amount of reward for the remaining would just increase though they have to put in much more mining power in the blockchain

 

[westmania]

Personally I dont trust any prediction and we should not. Its the biggest sin in my religion as we dont know future but Only ALLAH Knows. I give estimation but I guess I should be careful. Else this article is infornative.

 

[ElSombrero]

If BTC will grow, other coins will grow too

 

[brent_abella]

If BTC will grow, other coins will grow too

Yes, alongside that those cryptocurrencies are being paired or matched with Bitcoin in different exchangers and/or trading platforms.

 

[brent_abella]

I thought the transactions fee increase when there is more trading volume in the network, didn't take into consideration of mining activities. Could it be possible that more people are mining bitcoin currently ?

To be in detailed, transaction fees are influenced by the traffic activity or congestion of transactions in the blockchain, the availability of the miners, the number of transactions, the size of transactions in bytes and the difficulty of verifying a block.

 

[brent_abella]

Personally I dont trust any prediction and we should not. Its the biggest sin in my religion as we dont know future but Only ALLAH Knows. I give estimation but I guess I should be careful. Else this article is infornative.

Yes, I could agree as predictions are just mere guesses, calculations and estimations based on someone's perspective or point of view.