In today’s article, we will be analyzing some of the past price trends and market opinions in order to come up with price predictions for Bitcoin, Ethereum, and Ripple in February 2020.
Bitcoin Price Prediction: Analysis
After starting January at the $7,000-mark, Bitcoin managed to surpass resistance level and to reach the $9,000 level on January 28th.
Today, January 31st, Bitcoin is priced at $9,274.83, with a 24-hour decrease of -0.96%. It has been riding the bullish wave for three consecutive days, gaining more than $1200, which represents 15% of its value.
Even though it was hard to surpass the stubborn resistance level at $9,400, if BTC manages to consolidate over this value, then there might be potential to get back to the psychological $10,000 level in February.
Bitcoin Market Prediction
Tradingbeasts
Tradingbeasts expect BTC to open February at $7,942.399, with the maximum possible value of $9,926.383, and a minimum value of $6,749.940. The site predicts that Bitcoin will close the month at $7,941.106.
Longforecast
Longforecast has a more optimistic Bitcoin price prediction and expects the coin to be $10,052 by the start of February. The maximum forecasted price is $11,892, while the minimum value is expected to be $9,023. The coin’s month average was calculated at $10,499. The site projects that Bitcoin will close the month at $11,027, change for February 9.7%.
Digitalcoinprice
Digitalcoinprice forecasted that the coin would have a price of $22,393.02 in February, which would signify a change of 140.35%.
30rates
30rates made predictions for every day of February (except weekends), with the minimum, maximum, and closing prices for each individual day.
- February, 3: min $9730, max $11194, and closing price 10462 dollars;
- February, 4: min $9737, max $11203, and closing price 10470 dollars;
- February, 5: min $9630, max $11080, and closing price 10355 dollars;
- February, 6: min $9356, max $10764, and closing price 10060 dollars;
- February, 7: min $9267, max $10663, and closing price 9965 dollars;
- February, 10: min $9379, max $10791, and closing price 10085 dollars;
- February, 11: min $9331, max $10735, and closing price 10033 dollars;
- February, 12: min $9023, max $10381, and closing price 9702 dollars;
- February, 13: min $9024, max $10382, and closing price 9703 dollars;
- February, 14: min $9316, max $10718, and closing price 10017 dollars;
- February, 17: min $9246, max $10638, and closing price 9942 dollars;
- February, 18: min $9218, max $10606, and closing price 9912 dollars;
- February, 19: min $9783, max $11255, and closing price 10519 dollars;
- February, 20: min $9924, max $11418, and closing price 10671 dollars;
- February, 21: min $10026, max $11536, and closing price 10781 dollars;
- February, 24: min $9908, max $11400, and closing price 10654 dollars;
- February, 25: min $10336, max $11892, and closing price 11114 dollars;
- February, 26: min $10165, max $11695, and closing price 10930 dollars;
- February, 27: min $9578, max $11020, and closing price 10299 dollars;
- February, 28: min $10255, max $11799, and closing price 11027 dollars.
Ethereum Price Prediction: Analysis
Ethereum also saw some improvements since the beginning of the month, at $129.
Since January 26th, the ETH/USD pair has also gone through 4 consecutive bullish days, which saw the price rising from $160.15 to $177.20.
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On January 29th, while there was a slight bearish struggle, the price managed to find support at the SMA 200 curve and regain its value. According to its MACD values, ETH has a slight bullish momentum.
If ETH manages to get past the first resistance level of $178.147, the bullish momentum might continue into the following month. Some traders are optimistic and believe that ETH might even reach the $200 mark in February.
Ethereum Market Prediction
Longforecast
Longforecast anticipated that Ethereum would be trading at $183 at the start of the month. The highest possible value was projected at $241, while the minimum was set at $163. The month’s average price was calculated at $201. The site predicted that ETH would have a closing price of $215, change for February 17.5%.
Tradingbeasts
The Ethereum price is forecasted to reach $135.737 by the beginning of February 2020. The expected max price is $163.229, while the min is $110.996. The closing price for Ethereum was estimated at around $130.583.
Digitalcoinprice
Digitalcoinprice’s Ethereum price prediction is that the altcoin would have a trading price of $328.73, change for February 86.46%.
30rates
30rates made predictions for every day of February (except weekends), with the minimum, maximum, and closing prices for each individual day.
- February, 3: min $179, max $205, and closing price 192 dollars;
- February, 4: min $180, max $208, and closing price 194 dollars;
- February, 5: min $176, max $202, and closing price 189 dollars;
- February, 6: min $172, max $198, and closing price 185 dollars;
- February, 7: min $169, max $195, and closing price 182 dollars;
- February, 10: min $173, max $199, and closing price 186 dollars;
- February, 11: min $173, max $199, and closing price 186 dollars;
- February, 12: min $163, max $187, and closing price 175 dollars;
- February, 13: min $166, max $190, and closing price 178 dollars;
- February, 14: min $175, max $201, and closing price 188 dollars;
- February, 17: min $175, max $201, and closing price 188 dollars;
- February, 18: min $169, max $195, and closing price 182 dollars;
- February, 19: min $196, max $226, and closing price 211 dollars;
- February, 20: min $197, max $227, and closing price 212 dollars;
- February, 21: min $200, max $230, and closing price 215 dollars;
- February, 24: min $200, max $230, and closing price 215 dollars;
- February, 25: min $209, max $241, and closing price 225 dollars;
- February, 26: min $206, max $236, and closing price 221 dollars;
- February, 27: min $194, max $224, and closing price 209 dollars;
- February, 28: min $200, max $230, and closing price 215 dollars.
Ripple Price Prediction: Analysis
Starting with January 14th, XRP recovered from the support at $0.218 as anticipated, and went on to climb to $0.234. The cryptocurrency even reached $0.25 on January 18th before it corrected itself and fell back to $0.238.
Since then, XRP has remained mostly neutral in terms of trading movements. In order to start another bullish momentum, XRP must go over the resistance at $0.26. Should the coin go below $0.21 support levels, the lines would be once again in the red.
If traders rally to get XRP past $0.24, there might be attempts for the coin to break the first resistance line situated at $0.245 and the next one at $0.25. However, if sellers push the price of XRP lower, strong support is situated at $0.234. The next support levels are at $0.23, $0.218, $0.212, and $0.21.
Ripple Market Prediction
Longforecast
Longforecast predicted that XRP would start the month at 0.24 Dollars. They anticipated the maximum price would be around $0.29, and the minimum at $0.21. The calculated month average was estimated at $0.25. The site foresees that XRP will close the month at a price of $0.26, change for February 8.3%.
Tradingbeasts
The XRP price is forecasted to reach $0.2881580 by the beginning of February 2020. The expected max price was estimated at around $0.3545487, while the minimum was established at $0.2410931. The XRP price prediction for the end of February is $0.2836389.
Digitalcoinprice
Digitalcoinprice’s XRP price prediction is of $0.43429122 in February, which signifies a change of 83.35%.
30rates
30rates made predictions for every day of February (except weekends), with the minimum, maximum, and closing prices for each individual day.
- February, 3: min $0.241, max $0.277, and closing price 0.259 dollars;
- February, 4: min $0.243, max $0.279, and closing price 0.261 dollars;
- February, 5: min $0.234, max $0.270, and closing price 0.252 dollars;
- February, 6: min $0.225, max $0.259, and closing price 0.242 dollars;
- February, 7: min $0.222, max $0.256, and closing price 0.239 dollars;
- February, 10: min $0.228, max $0.262, and closing price 0.245 dollars;
- February, 11: min $0.226, max $0.260, and closing price 0.243 dollars;
- February, 12: min $0.216, max $0.248, and closing price 0.232 dollars;
- February, 13: min $0.219, max $0.253, and closing price 0.236 dollars;
- February, 14: min $0.233, max $0.268, and closing price 0.250 dollars;
- February, 17: min $0.229, max $0.263, and closing price 0.246 dollars;
- February, 18: min $0.219, max $0.253, and closing price 0.236 dollars;
- February, 19: min $0.246, max $0.284, and closing price 0.265 dollars;
- February, 20: min $0.247, max $0.285, and closing price 0.266 dollars;
- February, 21: min $0.248, max $0.286, and closing price 0.267 dollars;
- February, 24: min $0.249, max $0.287, and closing price 0.268 dollars;
- February, 25: min $0.259, max $0.299, and closing price 0.279 dollars;
- February, 26: min $0.255, max $0.293, and closing price 0.274 dollars;
- February, 27: min $0.243, max $0.279, and closing price 0.261 dollars;
- February, 28: min $0.240, max $0.276, and closing price 0.258 dollars.
Conclusion
These have been our February price predictions for Bitcoin, Ethereum, and Ripple. We hope that the information we have provided will be of help in your future trading operations.
Featured image: elevenews.com
