Cryptocurrencies price prediction: Bitcoin, Ripple & Ethereum – European Wrap – 14 November
|Bitcoin price prediction: BTC/USD retreat seeks possible bottom at $7,200 – Confluence Detector
Bitcoin’s recent could have found a pit stop at $8,500 but not a credible bottom. For this reason, the recovery momentum could not overpower the bears’ front staged at $8,800. Meanwhile, the ongoing retreat casts danger on the zone at $8,500 (recent support). According to Mike McGlone, an analyst with Bloomberg the current downtrend is in no hurry to stop.
Ripple price prediction: XRP/USD smashes below critical support of $0.2700 – Confluence Detector
Ripple’s XRP extended thee sell-off to $0.2633 on Thursday. The coin is moving in sync with the market, controlled by bearish sentiments. A sustainable move below $0.2700 support bodes ill for XRP's short-term forecast, making it vulnerable to further losses.
Ripple’s XRP confluence levels
Looking technically, $0.27 has turned into a key resistance level for XRP/USD. The longer, the coin stays below this barrier, the worse is the technical picture. Currently, there are several barriers clustered both above and below the price; though the way to the South seems to be the path of least resistance now.
Ethereum price analysis: ETH/USD hovers around $185.00, vulnerable to further losses
ETH/USD is trading at $185.27 at the time of writing, having recovered from the intraday low of $184.11. The second-largest digital asset with the current market value of $18.8 billion has lost 1.34% of its value since the beginning of Thursday and stayed mostly unchanged on a day-to-day basis.
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.