|

Cryptocurrencies Price Prediction: Bitcoin, Aave & Bitcoin Cash – Asian Wrap 10 Nov

Bitcoin Price Analysis: BTC bulls aim for $17,000, price due for a correction

In one month between October 6 to November 5, the premier cryptocurrency jumped from $10,600 to $15,600. Following that, the price has encountered massive resistance and the buyers and sellers have started engaging in a tug of war for control.

Aave Price Forecast: AAVE to face a downturn as multiple technicals turn bearish

Aave has been on a tear for the last five days. Between November 5 and November 9, the price has jumped from $27.65 to $55.25. In the process, the price managed to reach all-time-high levels. However, technical analysis shows that bears are on the verge of taking control of the market.

Bitcoin Cash Price Prediction: BCH drops after failing at critical resistance – Confluence Detector

Bitcoin Cash bulls managed to bounce from the 50-day SMA and take the price up from $241.30 on November 4 to $270.35 on November 8. Since then, the price has dipped to $266.60, at the time of writing. Technical analysis shows that the Bitcoin fork is going to drop even more.

fxsoriginal

Author

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

More from FXStreet Team
Share:

Editor's Picks

XRP approaches key support as risk-off sentiment deepens
Ripple (XRP) is trading at $1.06 on Monday, maintaining its position within a broader bearish trend. The token’s technical outlook continues to deteriorate, pressured by declining retail participation. Appetite for risk assets remains lethargic, as reflected in the Fear & Greed Index, which is embedded in the Fear territory at 28.
Crypto Today: Bitcoin, Ethereum, XRP extend decline amid renewed risk-averse sentiment
The cryptocurrency market remains weak on Monday, with Bitcoin (BTC) falling toward the nearest $62,000. Ethereum (ETH) and Ripple (XRP) reflect the sell-off across altcoins, edging lower toward $1,800 and $1.05, respectively. Risk appetite remains subdued, as the Fear & Greed Index holds steady at 28, deep within Fear territory.
The Bitcoin futures yield collapse: Once over 20%, now less than Treasury notes
Once a goldmine for carry traders, Bitcoin futures have flipped, consistently underperforming plain‑vanilla U.S. Treasuries every month since February. Carry trades consistently yielded 20% or more across regulated and unregulated crypto exchanges during the 2021 bull market. The strategy involved shorting Bitcoin futures while simultaneously buying a spot exchange-traded fund (ETF).
The crypto market is moving in the opposite direction to equities
The crypto market’s market capitalisation has fallen by 1% over the past 24 hours, returning to levels last seen in mid-July. The positive momentum the market showed in the first half of last week failed to take hold. Once again, we are seeing a negative correlation with the Nasdaq 100 index, this time in the form of falling cryptocurrencies while shares rise. Could this be becoming the new norm?
Bitcoin: Bulls hold the line
Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.