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Bitcoin Futures trading volume in its first week was only a fraction of cash Bitcoin transactions. The futures volume was catastrophic at $ 60 million a day, compared to cash transactions of $ 8.5 billion a day.

However, on Sunday, CME will launch Bitcoin term trading. In addition, major brokerages are likely to track and allow their clients to trade Bitcoin futures. If this happens, we will likely see the volume of futures contracts increase.

Will the participation of more traditional investors stimulate the market capitalization of Bitcoin and the cryptocurrency universe? Max Keizer, which hosts the Keizer report on RT, certainly think so. He believes that futures trading will help the cryptocurrency market capitalization reach $ 1 tln and up.

Notwithstanding, these are long-term predictions. Let's look at the graphs to discover the likely movement of cryptocurrencies in the short term.

BTC / USD

Bitcoin erupted yesterday to new heights after a three-day consolidation. It's a bullish development.

<img alt=" BTC "src =" https://cointelegraph.com/storage/uploads/view/a1bb8656adfdc46c369a317617da1078.png "title =" BTC "/>

The break opens a goal $ 24,291.58 for Bitcoin, but this target is unlikely to be reached in haste Cryptocurrency is expected to face $ 20,000 resistance

bulls master bulls and sink Digital Currency Below the Levels of $ 15,200

With the start of futures trading on CME, we can expect an increase in volatility until volatility disappears.

Intraday traders, however, will have ample opportunity to place wagers on both sides of the trade.

ETH / USD

The Ethereum fell to a down from $ 610.03 yesterday, close to our expectations of a decline to 50% Fibonacci re level of tracing.

<img alt=" ETH "src =" https://cointelegraph.com/storage/uploads/view/b6ff64a8a74328a69a7791566cf835fc.png "title =" ETH "/>

The long tail yesterday shows that bulls are eager to buy dips. However, the failure to come out to new heights of life shows that they are in the process of booking profits at higher levels. As a result, Ethereum is expected to remain within the range until the price violates $ 610.03 down or $ 780 upward

However, if the break of the bulls reached new highs, the cryptocurrency is $ 995.99

These targets are only assumptions based on technical analysis. Many times these goals are not achieved and we change our perspective accordingly. Therefore, traders should always follow their stops higher to save their profits and not be fixed only on the target.

BCH / USD

We are in the money on our trade in Bitcoin Cash. So, does the diagram of the graphs suggest an additional increase or did the rally take its course?

<img alt=" BCH "src =" https://cointelegraph.com/storage/uploads/view/ebe04451d4aedc0bc46dc44e47001b02.png "title =" BCH "/>

Cryptocurrency has He would have ideally propelled Bitcoin Cash towards his goal of $ 2,387, but he could not cross the $ 2,100.

Subsequently, investors attempted to repel the cryptocurrency. However, the bulls managed to close above the $ 1758 levels over the last three days, which is a positive sign.

The next move will begin once the price has broken the levels of $ 1950. The bullish point of view will be canceled when the price drops below the levels of $ 1,520

XRP / USD

In our previous analysis, we had recommended traders to account for partial profits because we were expecting a strong resistance At December's $ 0.86 level, Ripple topp published at levels of $ 0.88268.

<img alt=" XRP "src =" https://cointelegraph.com/storage/uploads/view/b5d24ef41e1f66f224046d5c25565333.png "title =" XRP "/>

On December 15, the cryptocurrency has fallen back on the 38.2% Fibonacci retracement of the rally.Although lower levels continue to attract bull buyers.We expect bulls to try to get out of If successful, Ripple will go up to levels of $ 1 and up.

However, if the bulls fail to disengage and hold themselves above from the highest of life, we will probably be attending a few trading days .the lower end and $ 0.88268 on the upper end.

IOTA / USD

We had predicted a fall to the 20 – day EMA and that 's what happened.October 14 and 15, IOTA s & rsquo; is close to the 50% Fibonacci retracement of the rally.

<img alt=" IOTA "src =" https://cointelegraph.com/storage/uploads/view/c879665ecee961f5c2bf20e382a65074. png "title =" IOTA "/>

Bulls bought the fall at critical support levels, but cryptocurrency continues to face resistance to each rise.

chart will become bullish in the short term only on a break and close over the downtrend line, above which a rally to the highest of life is likely.

Nevertheless, if the price does not fails to get out of the downtrend line, forming a descending triangle pattern, which is a bearish development.

The cryptocurrency will become negative on a decay and will close below the level of critical support of $ 3,032.

LTC / USD

We had predicted a correction / consolidation period in our previous analysis and that is what we got.

<img alt=" LTC "src =" https: //cointelegraph.com/storage/uploads/view/5e76d2c3f831534acc15533fa862031f.png "title =" LTC "/>

As expected, the bulls bought the declines at levels of $ 243.86, which is the retracement Fibonacci 38.2 percent of the gathering. However, we believe that levels between $ 300 and $ 342,237 will continue to act as strong resistance. We believe that after the rally, Litecoin will be limited to the fork for the next few days

Nevertheless, if the breaking of the bulls reaches new heights, the next higher goal is a rally

DASH / USD

Although Dash has not fled his target of $ 1,199.01, he maintains levels above $ 815, which is a positive indication. The bears attempted to bring the cryptocurrency below the $ 815 levels on December 15, but they failed.

<img alt=" DASH "src =" https://cointelegraph.com/storage/uploads/view/50211b22a7edd6ee2a3cae10c1391933.png "title =" DASH "/>

This increases the possibility of A break-up of $ 979 and a rally towards the target goal.

Traders who had bought long positions on our previous analysis should increase their stops to 780 $ on remaining positions of 50%.

Market data available by transaction HitBTC.