Cryptocurrencies price prediction: Bitcoin, Ripple & Bitcoin Cash - Asian Wrap 25 Feb
|Bitcoin Price Prediction: After major dip from the $10,000 level, BTC/USD tries to consolidate above $9,600
BTC/USD bears retained control of the market as the price dropped from $9,662 to $9,592.80. This follows a heavily bearish Monday, where the price plummetted from $9,971.45, following a brief flirtation with the $10,000-level.
Ripple Price Analysis: XRP/USD bears take control as price consolidates above $0.26
XRP/USD bears continued to make their presence felt as the price dropped from $0.271 to $0.2675. This follows a heavily bearish Monday where XRP/USD plummetted from $0.284 to $0.271. The price is trending in a downward channel formation, while SMA 20 acts as immediate market resistance.
Bitcoin Cash Price Analysis: BCH/USD leg to $400 cut short at $380
Bitcoin Cash losses are in tandem with the rest of the cryptocurrencies. For instance, Bitcoin is trading under $9,600 after the rejection at levels close to $10,000. Ethereum and Ripple are also languishing in selling pressure.
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