Cryptocurrencies price prediction: Bitcoin, Bitcoin Cash & Ethereum - Asian Wrap 12 Sept


Bitcoin price prediction: BTC/USD has strong support at $10,050 as bears take over the market

BTC/USD went up from $10,095 to $10,162.15 this Wednesday, following a late rally by the bulls. So fat, the asset price has gone down to $10,145 in the early hours of Thursday.

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Bitcoin Cash price analysis: BCH/USD strings together four bearish days, drops below  $300

BCH/USD is on the course of having four straight bearish days. In the early hours of Thursday, Bitcoin Cash has gone down from $299.25 to $297.35. Over the last four days, BCH/USD has gone down from $307.30 to $297.35.

 

ETH/USD technical analysis: Ethereum finds support

On the hourly ETH/USD chart below price bounced off the 173.78 support zone as bulls stopped the pair breaking through an important area. The volume histogram at the bottom of the chart shows 9.43K worth of volume coming in to save Ethereum from moving lower.

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Bitcoin price prediction: BTC/USD sandwiched between massive resistance and support levels

Bitcoin managed to have a bullish day after five straight bearish days. So far today, BTC/USD has gone up from $10,190 to $10,223.45. The hourly chart shows us that BTC/USD went up to $10,253.

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Litecoin price analysis: LTC/USD bullish frenzy is unstoppable

Litecoin like other major altcoins has been performing relatively well since the beginning of the week. The bullish action continued on Wednesday with Litecoin rising to an intraday high of $76.2644. 

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NEO price analysis: NEO/USD retreats from intraday high, upside momentum recedes

NEO is performing strongly on Wednesday. The 20th largest digital asset with the current market value of $69 million gained over 7% both on a day-on-day basis and moved nearly 3% higher since the beginning of the day.  At the time of writing, NEO/USD is changing hands at $9.80, off the intraday high of $9.87. 

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TRON market update: TRX/USD tests DMA50 for the first time since July

TRON (TRX) is one of the best performing coins on Wednesday. TRX/USD has gained over 10% of its value to trade at $0.0178 by press time. While the coin has retreated from the intraday high ($0.0178), the upside momentum is still strong as TRX is moving in sync with the rest of the market. 

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Bitcoin Weekly Forecast: Rangebound trading and September blues come upon the crypto market

Bitcoin finishes the week with marginal losses. The first digital currency recovered from the recent low of $9,886 but stayed in the red zone as of the end of the week.

Read the weekly forecast

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