Today, we will be looking at some of the historical price trends and market opinions in order to come up with price predictions for Bitcoin, Ethereum, and Ripple in April 2020.
Bitcoin Price Prediction: Analysis
After the huge crash from March 12-13th, Bitcoin mostly maintained itself between $4,000 and $5,000 until March 18th.
Between 19-23 March, Bitcoin has shown signs of a bullish recovery, which forced a breakout to the upside. The coin traded mostly above $6,000, but the bulls were struggling to get to on one key resistance of $7,000.
On March 20th, BTC/USD went from $5,500 to a high of $6.844,26, which almost touched the $7,000 resistance. However, the weekend price movement was dull, and buyers lost their momentum because of the increased bearish action. The immediate support values are set at $6,000 and $5,800. Bitcoin is currently struggling to hit a reversal targeting $7,000.
The current price of BTC is $6,329.29, with a 2.07% decrease over the past 24 hours.
Bitcoin Market Predictions
Tradingbeasts
Tradingbeasts predicts that BTC will open April at $5,975.536, with the maximum possible value of $7,461.957 and a minimum value of $5,074.130. The site expects that Bitcoin will have a closing price of $5,969.565, which marks a change of -8.30%.
Longforecast
Longforecast’s Bitcoin price prediction for the start of April is $7812. The maximum expected price is $9,696, while the minimum value is expected to be $5,896. The month’s average was estimated by the site at $8117. They also expected that Bitcoin will close the month at $9062, marking a change for April of 16.0%.
Digitalcoinprice
Digitalcoinprice is optimistic as usual, expecting Bitcoin to reach $14,095.12 in April, which would signify a change of 114.44%.
30rates
30rates made predictions for every day of April (except weekends), with the minimum, maximum, and closing prices for each individual day.
| Date | Weekday | Min | Max | Price |
| 04/01 | Wednesday | $7368 | $8478 | $7923 |
| 04/02 | Thursday | $7798 | $8972 | $8385 |
| 04/03 | Friday | $7345 | $8451 | $7898 |
| 04/06 | Monday | $7591 | $8733 | $8162 |
| 04/07 | Tuesday | $8085 | $9303 | $8694 |
| 04/08 | Wednesday | $6792 | $7814 | $7303 |
| 04/09 | Thursday | $6836 | $7865 | $7350 |
| 04/10 | Friday | $6792 | $7814 | $7303 |
| 04/13 | Monday | $6700 | $7708 | $7204 |
| 04/14 | Tuesday | $6120 | $7042 | $6581 |
| 04/15 | Wednesday | $5896 | $6784 | $6340 |
| 04/16 | Thursday | $5985 | $6885 | $6435 |
| 04/17 | Friday | $6071 | $6985 | $6528 |
| 04/20 | Monday | $6136 | $7060 | $6598 |
| 04/21 | Tuesday | $6087 | $7003 | $6545 |
| 04/22 | Wednesday | $6294 | $7242 | $6768 |
| 04/23 | Thursday | $6298 | $7246 | $6772 |
| 04/24 | Friday | $6169 | $7097 | $6633 |
| 04/27 | Monday | $6081 | $6997 | $6539 |
Ethereum Price Prediction: Analysis
ETH also was affected on March 13th, with the coin going below the $100 mark, after starting the month at $200. The coin swiftly recovered that day and managed to keep itself above the $110 level.
ETH/USD is showing a strong bullish trend on intraday charts, like most of the crypto market. On March 19th, ETH went from $114 to $136,59 and continued to trade between $120 and $130 for the rest of the days until March 23rd.
The crypto is now trading above the $132 resistance but encounters major resistance near the $138 and $140 levels.
The ETH/USD pair is experiencing a strong growth ahead, as a 95 percent move against Bitcoin is expected by an analyst.
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“ETH/USD dropped to $119.36 during early Asian hours before recovering to $133.10. The-second largest digital asset stayed mostly unchanged on a day-to-day basis and gained over 8% since the beginning of the day, moving in sync with the market. The bullish sentiments helped the coin to settle above SMA50 1-hour and smashed SMA100 at $132.50.”
The one-hour RSI is pointing upwards, which might signal that the downside correction has ceased for now.
Ethereum Market Predictions
Longforecast
Longforecast anticipated that Ethereum will start April at a price of $158. The highest possible value was calculated at $196, while the minimum was estimated at $105. The month’s average price was set at $161. ETH is projected to close the month at a price of $183, change for April 15.8%.
Tradingbeasts
Tradingbeast’s Ethereum price prediction for the start of April is $108.519. The expected max price is $132.384, while the min is $90.021. The closing price for Ethereum was calculated at around $105.907, with a change of -19.35%.
Digitalcoinprice
Digitalcoinprice estimates that Ethereum will have a trading price of $243.59, change for April 78.27%.
30rates
30rates made predictions for every day of April (except weekends), with the minimum, maximum, and closing prices for each individual day.
| 04/01 | Wednesday | $150 | $172 | $161 |
| 04/02 | Thursday | $156 | $180 | $168 |
| 04/03 | Friday | $140 | $162 | $151 |
| 04/06 | Monday | $141 | $163 | $152 |
| 04/07 | Tuesday | $157 | $181 | $169 |
| 04/08 | Wednesday | $132 | $152 | $142 |
| 04/09 | Thursday | $128 | $148 | $138 |
| 04/10 | Friday | $126 | $146 | $136 |
| 04/13 | Monday | $128 | $148 | $138 |
| 04/14 | Tuesday | $110 | $126 | $118 |
| 04/15 | Wednesday | $105 | $121 | $113 |
| 04/16 | Thursday | $113 | $129 | $121 |
| 04/17 | Friday | $113 | $131 | $122 |
| 04/20 | Monday | $114 | $132 | $123 |
| 04/21 | Tuesday | $113 | $129 | $121 |
| 04/22 | Wednesday | $117 | $135 | $126 |
| 04/23 | Thursday | $117 | $135 | $126 |
| 04/24 | Friday | $112 | $128 | $120 |
| 04/27 | Monday | $112 | $128 | $120 |
Ripple Price Prediction: Analysis
Ripple recovered somewhat in the middle of the month of March, but since then, it remained in a consolidation mode, facing difficulties in breaking above the $0.174 level.
The coin experienced a series of higher lows around $0.11 (March 13st), followed by $0.13 (March 16th) and $0.15 (March 21), respectively. This indicates the forming of a healthy bullish pattern.
After trading above $0.20, on March 12, Ripple (XRP) dropped to a low of $0.13 and continued consolidation. The coin is currently experiencing a sideways trend, fluctuating $0.12 and $0.17. The bears have tested the lower price range but pulled back just like the bulls who tested the upper price range and also met resistance.
The major support level is currently set at $0.15 and $0.141, and if the coin does not keep itself above these levels, the price is likely to drop back to $0.11 support, from where Ripple began its recovery. The next support level is set at $0.1283 (March 16 low).
The first major resistance is set at $0.161 level, with $0.1700 being the most coveted one for a bullish rally, if the coin manages to reach $0.171, then this could trigger the increase of the price outside the recent consolidation channel and start targeting $0.2000.
Today, Ripple is trading at a price of $0.172232, with an increase of 2,74% in the past 24-hour period.
Ripple Market Predictions
Longforecast
Longforecast predicted that XRP would start the month at 0.17 Dollars. They also projected that the maximum price would be around $0.20 and the minimum at $0.12. The considered month average was assessed at $0.17. The site forecasts that XRP will close the month at a price of $0.18, change for April 5.9%.
Tradingbeasts
The XRP price is estimated to reach $0.2009668 by the beginning of April 2020. The projected max price was estimated at around $0.2479305, while the minimum was set at $0.1685927. The XRP price prediction for the end of April is $0.1983444, which means an increase of 26.94%.
Digitalcoinprice
Digitalcoinprice’s XRP price prediction is $0.31160896 in April, which implies a change of 93.98%.
30rates
30rates made predictions for every day of April (except weekends), with the minimum, maximum, and closing prices for each individual day.
| 04/01 | Wednesday | $0.159 | $0.183 | $0.171 |
| 04/02 | Thursday | $0.166 | $0.192 | $0.179 |
| 04/03 | Friday | $0.154 | $0.178 | $0.166 |
| 04/06 | Monday | $0.162 | $0.186 | $0.174 |
| 04/07 | Tuesday | $0.170 | $0.196 | $0.183 |
| 04/08 | Wednesday | $0.143 | $0.165 | $0.154 |
| 04/09 | Thursday | $0.140 | $0.162 | $0.151 |
| 04/10 | Friday | $0.142 | $0.164 | $0.153 |
| 04/13 | Monday | $0.146 | $0.168 | $0.157 |
| 04/14 | Tuesday | $0.128 | $0.148 | $0.138 |
| 04/15 | Wednesday | $0.122 | $0.140 | $0.131 |
| 04/16 | Thursday | $0.125 | $0.143 | $0.134 |
| 04/17 | Friday | $0.126 | $0.144 | $0.135 |
| 04/20 | Monday | $0.126 | $0.146 | $0.136 |
| 04/21 | Tuesday | $0.125 | $0.143 | $0.134 |
| 04/22 | Wednesday | $0.129 | $0.149 | $0.139 |
| 04/23 | Thursday | $0.128 | $0.148 | $0.138 |
| 04/24 | Friday | $0.124 | $0.142 | $0.133 |
| 04/27 | Monday | $0.122 | $0.140 | $0.131 |
Conclusion
These have been our April 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: Bitcoin exchange guide