Cryptocurrencies price prediction: Bitcoin, Ripple & Ethereum - Asian Wrap 10 Feb
|Bitcoin Price Analysis: Why BTC/USD $10,000 support is key?
Bitcoin had a very rewarding weekend as it jumped above the $10,000 milestone. The bull rally extended toward $10,200 but formed a high at $10,195 (new 2020 high). The approach to the ‘moon’ appears to have hit a snag as the price reversed towards $10,000.
Ripple Market Update: XRP/USD range-bound between $0.29 resistance and $0.29 support
Ripple's price failed to react in tandem with Bitcoin’s surge above $10,000 in the weekend session. The attempt to rise towards $0.30 hit a high of $0.2895. A reversal that ensued following the loss of momentum dipped under the 50SMA in the 2-hour range. However, the bulls have been keen on holding the ground above $0.28 support.
Ethereum Price Analysis: ETH/USD targets new 2020 highs towards $360
Ethereum conquers the resistance at $220 but settles under $230 in a bullish action-filled weekend session. Ethereum is likely to take a breather under $230 but above support at $220 in wait for the next leg above $240. After rising and settling above the 200-day SMA, Ethereum is facing acute resistance at $230. If the resistance is cleared, the action could turn the market strongly bullish and open the road for gains towards $360.
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