Cryptocurrencies price prediction: Bitcoin, Ripple & Ethereum - European Wrap - 9 October
|Bitcoin price prediction: BTC/USD upward progression remains restrained – Confluence Detector
Bitcoin bears have continued to push the price lower for the second day in a row. The selloffs witnessed have seen the price dive from levels above $8,300 to test $8,100 (short-term) support. With the prevailing bearish trend, low volume and a low volatility, it means that upward movement will stay limited.
Ripple price prediction: XRP/USD bulls get ready for a breakthrough - XRP confluence
Ripple’s XRP took off from the Asian low of $0.2740, but the upside may be limited as the price is moving closer to a stiff resistance created by the long-term sloping trendline. At the time of writing, XRP/USD is changing hands at $0.2780, has stayed mostly unchanged both on a day-on-day basis and since the beginning of Wednesday, though the coin has six bullish days in a row, which is the longest period since May 2019.
Ethereum market update: ETH/USD bulls intimidated by DMA50
ETH peaked at $185.30 on October 8 and retreated to $184.00 by the time of writing. The second-largest digital asset with the current market value of $19.6 has gained 2% both on a day-on-day basis and since the beginning of Wednesday. Ethereum’s average daily trading volumes dropped below $7 billion from $7.5 billion on Tuesday.
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.