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

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.

BTC/USD price chart

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.

BCH/USD price chart

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.

ETH/USD

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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.

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Zcash Price Forecast: Downside risk looms as ETF outflows and falling Open Interest weigh

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Bitcoin: Macroeconomic headwinds, cooling demand cap BTC gains
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