Cryptocurrencies Price Prediction: Bitcoin, Bitcoin Cash & Ethereum – European Wrap 14 May

FXStreet Team FXStreet

Bitcoin Price Analysis: BTC/USD above 9,500, is this the beginning of the journey to $20,000?

Bitcoin price is bullish several days after the halving process. While many people expected a massive price action after the halving, Bitcoin has taken a slow approach; first stepping into the $9,000’s range and then breaking the resistance at $9,500. At the time of writing, Bitcoin is trading at $9,540, following a 2.37% growth on the day. Buyers have kept their eyes on the medium-term target at $10,000 since the opening at $9,318.

Bitcoin Cash Price Analysis: BCH/USD trading between the 50-day SMA and 200-day SMA

Bitcoin Cash is battling with selling pressure as the European session commences. From an opening session of $239, BCH only managed to hit intraday highs of $241. The crypto is valued at $238 amid a growing bearish grip.

Ethereum Price Analysis: ETH/USD vulnerable to massive longs liquidations

Rumors about the upcoming launch of the long-awaited Ethereum update caused a strong growth of ETH long positions. The trend has gone parabolic and reached unsustainable levels. Since February, the number of ETH longs on Bitfinex increased by 150% despite the major cryptocurrency sell-off in March.

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Ripple eyes short-term bullish turn as investor demand returns

Ripple exhibits strong recovery prospects, trading above $1.10 on Friday. This rebound aligns with the broader crypto market and can be attributed to easing geopolitical tensions in the Middle East and growing appetite for risk assets.

Crypto Today: Bitcoin, Ethereum, XRP advance amid renewed capital inflows

Bitcoin maintains its upward momentum, holding above the $61,000 mark at the time of writing on Friday. Major altcoins such as Ethereum and Ripple are also posting gains, signaling a modest uptick in market sentiment and renewed risk appetite among investors.

Bitcoin Weekly Forecast: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin recovers to $61,800 on Friday after falling to a 21-month low of $57,800. US-listed spot ETFs recorded outflows of $526.64 million through Thursday, pointing to the eighth consecutive week of withdrawals.

Pi Network posts minor gains amid easing risk-off market sentiment

Pi Network (PI) shows minor recovery on Friday, a slow follow-through of the 2% rebound from the previous day. The recovery in PI aligns with the easing broader market risk-off sentiment, fueling speculative interest in the token.

Bitcoin: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin (BTC) is up over 3% so far this week, trading above $61,800 at the time of writing on Friday after slipping to a 21-month low earlier this week. Institutional selling continued, with spot Exchange Traded Funds (ETFs) recording net outflows of over $520 million through Thursday, pointing to the eighth consecutive week of withdrawals.