Cryptocurrencies Price Prediction: Bitcoin, Zcash & Ethereum — Asian Wrap 29 September
|Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, and XRP recover as the key support level holds
Bitcoin price failed to find support around $116,000 on September 19 and declined by 6%, reaching a low of $108,631 on Thursday. However, BTC recovered slightly in the next three days. At the time of writing on Monday, it trades at around $111,700. If BTC continues its recovery and closes above the 50-day Exponential Moving Average (EMA) at 113,232 on a daily basis, it could extend the recovery toward the daily resistance at $116,000.
Top Crypto Gainers: ZEC, PUMP, ATH start the week strong with double-digit gains
Zcash edges higher by 8% at press time on Monday, advancing on the nearly 10% gains from the previous day. The uptrend in this privacy coin has reached an annual high and surpassed the 78.6% Fibonacci retracement level at $61.01, which is drawn from the $74.59 close of December 2 to the $29.17 close from March 10. If ZEC marks a decisive close above this level, the rally could extend to the $74.59 peak.
Ethereum Price Forecast: ETH investors book $800 million in profits as open interest declines
Ethereum saw increased profit realization on Friday, with investors booking over $800 million in profits, according to data from Santiment. The spike followed ETH's decline to $3,800 on Thursday, marking its first drop below the $4,000 threshold in over a month. Ethereum's bearish performance this week also sparked two major long liquidation events, including $401.8 million on Thursday and $490 million 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.