Cryptocurrencies price prediction: Bitcoin, Ripple & Ethereum - Asian Wrap 14 Feb
|Bitcoin Price Prediction: BTC/USD falls after failing at $10,500 level, settles around $10,200
After a brief flirtation with the $10,500 level, BTC/USD dropped to $10,235.58 from $10,352.25 this Thursday. So far, in the early hours of Friday, the price has fallen further to $10,227.48. There is a healthy support level at $10,185, which is holding the price up.
Ripple Price Analysis: XRP/USD eke out an advantage as the asset becomes overpriced
XRP/USD went up from $0.305 to $0.327 this Thursday and crossed above the 20-day Bollinger Band, indicating that it was overpriced. Right on cue, the bears stepped in this Friday to check the price to $0.325 and attempt to drop it back inside the Band. The price is still hovering above the SMA 20, SMA 50 and SMA 200 curves.
Ethereum Price Analysis: ETH/USD faces the ultimate resistance at $280 amid calls to hit $300
Ethereum's ongoing bullish action is still mainly dependent on the breakout from a falling wedge pattern whose formation began during the retracement witnessed from June 2019’s highs above $360. The digital asset has risen above key resistance areas in January and February including $140, $260 and $270.
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