Cryptocurrencies Price Prediction: Bitcoin, Ethereum & VeChain – American Wrap 25 March
|Will Bitcoin continue correcting lower?
BTC/USD traded lower yesterday, breaking below the support (now turned into resistance) barrier of 53150. That said, the slide was stopped at 51300, and then, the price rebounded somewhat. Overall, since hitting a record high at around 60624 on March 15th, the crypto has been printing lower highs and lower lows on the 4-hour chart, something suggesting that there may be more declines in the works for the near term.
Ethereum Price Prediction: ETH heads back to $2,000 after holding key support
Ethereum dived below several key support levels, including $1,700 and $1,650, before embracing the buyer congestion zone at $1,540. A recovery is underway, with bulls having stepped above $1,600. Price action beyond the 50% Fibonacci level is likely to pave the way for gains eyeing $2,000.
VeChain Price Prediction: VET bulls have two support levels to defend to avoid 30% correction
The VeChain price has shown textbook adherence to the ascending parallel channel. Now, a retracement seems likely if bulls fail to defend crucial levels.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.