5 Coin Weekly Forecast | BTC ETH XRP BNB DOGE

2023-09-25, 03:32

[//]:content-type-MARKDOWN-DONOT-DELETE
![](https://gimg2.gateimg.com/image/article/1690791888top5cryptoprediction.jpeg)
## TL；DR
In the past week, the crypto market has experienced a rise followed by a fall, with most mainstream currencies maintaining relatively stable price fluctuations. However, the overall price fluctuations are insignificant, and the volatility trend remains the mainstream in the current market. At present, the top five cryptocurrencies in the total market value of the cryptocurrency market are <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> (BTC), <a href="/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> (ETH), Binance (<a href="/price/bnb-bnb" target="_blank" class="blog_inner_link">BNB</a>), Ripple (<a href="/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a>), and <a href="/price/dogecoin-doge" target="_blank" class="blog_inner_link">Dogecoin</a> (DOGE).

In the past Friday, major coins have shown a fluctuating trend. This article will study the performance of major assets, explore the factors that affect their price trends, and conduct corresponding analyses to predict their future short-term price trends.
## Bitcoin（BTC）
Bitcoin has risen 0.22% this week and is currently closing at around $26,575.72. Bitcoin has shown a price trend of first rising and then falling this week, but it has not dropped below $25,000 as it did in previous weeks. The lowest point of Bitcoin prices this week was around $26400, and the highest reached around $27,400.

The price fluctuations of Bitcoin this week are the regular performance of the crypto market cycle, with short-term fluctuations leading to stable prices. The price range remains consistent with the previous weekend's closing price range. The price increase of Bitcoin over $27,000 reflects a rebound in user confidence in the current market. In addition, as the last quarter of this year approaches, the cyclical production of Bitcoin is approaching a halving, and the bullish trend in all aspects is becoming increasingly evident.

Presently, whether it can further rebound to the price of $27,000 and remain stable within this price range compared to Bitcoin is crucial. From the recent stable market performance, the probability of Bitcoin being bullish in the future is still high. If the support level can return to $28,000 in the last quarter of this year, then the subsequent quarterly rise is a high-probability event.

Analysis suggests that Bitcoin can better represent the current trend of the crypt market, as the fluctuation range within a week is not small, but the better trend is that the supporting price level of Bitcoin is relatively stable. In the next one or two weeks, the probability of Bitcoin fluctuating upwards above $26,500 is relatively high.
![](https://gimg2.gateimg.com/image/article/16956126349881695612343_.pic.jpg)
Bitcoin Price Data (Data Courtesy of CoinMarketCap)
## Ethereum（ETH）
Ethereum fell 2.02% this week and closed around $1,591.82. During this week, the trend of the Ethereum currency also rose first and then fell, with a low point below $1,580 and a high point above $1,660. This fluctuation is actually similar to last week's rise and fall.

However, compared to Bitcoin, the price of Ethereum did not return to its closing position last week after experiencing ups and downs. After falling below $1,600, it experienced continuous fluctuations. However, what is better is that the range of ups and downs is within a small range, belonging to the normal cyclical fluctuations in the market.

Analysis shows that the trend of volatility is still mainstream, and the situation of Ethereum within a week is consistent with the cyclical fluctuations of the entire crypto market. The price of $1,650 is still a key resistance level for Ethereum at present.
![](https://gimg2.gateimg.com/image/article/16956126549891695612359_.pic.jpg)
Ethereum Price Data (Data Courtesy of CoinMarketCap)
## Binance（BNB）
BNB fell 2.33% this week and closed at $210.62. The trend of BNB within a week is somewhat similar to Ethereum's. After a slight increase or decrease, its current price is lower than last week's close. Within a week, its high point exceeds around $220, while its low point drops below $210.

Analysis suggests that it belongs to the regular market cycle fluctuations of the crypto market within a week. Due to the relatively flat trend of the currency price, there is currently a lack of clear upward or downward signals. The relatively stable price fluctuations also indicate the characteristics of insufficient liquidity in the current market. Compared to the previous weekend's closing, the actual increase or decrease in the price of BNB is not significant, and it is likely to fluctuate back and forth in the range of $205-$220 in the next week.
![](https://gimg2.gateimg.com/image/article/16956126729901695612370_.pic.jpg)
BNB Price Data (Data Courtesy of CoinMarketCap)
## Ripple（XRP）
XRP rose 2.65% this week to close near $0.51. The price of XRP also experienced some ups and downs this week, achieving a slight price increase compared to last week's close of $0.49.

Analysis suggests that a return to the $0.5 level for XRP is more favorable for the subsequent price recovery of the currency. Compared to Bitcoin and Ethereum, the short-term volatility of XRP is still relatively large. Currently, the two key price levels for XRP are $0.52 and $0.50, corresponding to resistance and support levels. The corresponding upward and downward trends depend on the performance of the coin prices in these two positions.
![](https://gimg2.gateimg.com/image/article/16956126879911695612382_.pic.jpg)
XRP Price Data (Data Courtesy of CoinMarketCap)
## Dogecoin（DOGE）
DOGE rose 0.16% this week to close at $0.06174. The price of DOGE has experienced significant ups and downs this week, with significant fluctuations, with a high point exceeding $0.63 and a low point close to the $0.61 range.

Analysis suggests that the performance of DOGE is influenced by some off-the-market news factors, especially Musk's claim to consider the issue of Twitter fees, which led to a sharp decline in DOGE's price after an increase. However, there is currently a significant fluctuation in DOGE, and although the fluctuation range is not significant, there is still some short-term profit potential. However, in the future, DOGE may not be able to maintain its current price level well. Due to the characteristics of the coin itself, the probability of a slight decline is not small.
![](https://gimg2.gateimg.com/image/article/16956127049921695612395_.pic.jpg)
DOGE Price Data (Data Courtesy of CoinMarketCap)
## What is to come?
Compared to last week, the price performance of BTC, ETH, BNB, XRP, and DOGE this week is generally fluctuating and stable, in line with the cyclical performance of the crypto market. In the short term, considering the price trends of several mainstream coins and the crypto application market, there were not many projects launched in the last quarter of this year, which may provide some application scenarios for mainstream coins and increase liquidity. Therefore, the probability of price recovery is higher.

<div class="blog-details-info">
<div>Author:**Charles T.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

İçerik

Credit Ranking

Complete Gate Post tasks to upgrade your rank