Cryptocurrencies Price Prediction: Bitcoin, SPX & AAVE – European Wrap 9 July
|Bitcoin Price Forecast: BTC steady around $108,000 as investors await FOMC minutes for Fed rate clues
Bitcoin (BTC) holds steady at around $108,000 at the time of writing on Wednesday as investors adopt a cautious stance ahead of the Federal Reserve’s (Fed) meeting minutes release. In the absence of any relevant market-moving news, market participants are closely watching for signals on the Fed’s potential rate-cut path.
SPX6900 Price Forecast: Triangle breakout chances and rising social chatter signal a bullish outlook
Meme coin SPX6900 (SPX) edges higher by over 3% on Wednesday so far to extend the 8.44% gains from the previous day, which could be backed by the rising social chatter around it. The technical outlook maintains a bullish bias as the SPX approaches a breakout from an ascending triangle pattern, accompanied by increased optimism among derivative traders.
AAVE Price Forecast: AAVE eyes further gains as DeFi TVL hits record high
Aave (AAVE) edges higher by nearly 1% at press time on Wednesday, adding to the 3.45% gains from the previous day, while the total value locked hits a record level of $26.49 billion. However, the derivatives traders remain divided as AAVE inches closer to the $300 psychological mark. The technical outlook indicates a bullish tilt as the trend momentum shows gradual growth.
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