Cryptocurrencies Price Prediction: Bitcoin, Ripple, & Ethereum – Asian Wrap 15 Jun
|Bitcoin Price Prediction: BTC/USD in grave danger of free-fall to $8,000
The king of cryptocurrencies Bitcoin is not by any chance out of danger yet. Over the weekend, Bitcoin consolidated between $9,300 support and $9,500 resistance. However, the Asian session on Monday has been characterized by increased selling activity.
Ripple Price Analysis: XRP/USD sinks further below $0.20, is there hope for the bulls?
Ripple is yet to gather the strength needed to clear the resistance at $0.20. The dip to $0.1850 last week opened the Pandora box because sellers have been in control ever since. There was a recovery staged above $0.19 but the weekend session was mostly characterized by consolidation. The trend became increasingly difficult to sustain calling for losses under $0.19 again.
Ethereum Price Forecast: ETH/USD rally to $7,500 depends on Bitcoin surge to $50,000
Ethereum price has dived back under $230 despite having pushed a significant recovery from last week’s low at $225. The upside was capped at $240 mainly by a descending trendline resistance and the 100 SMA in the 1-hour range. The price did step above the 50 SMA but lacked the momentum to sustain gains.
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.