Cryptocurrencies price prediction: Bitcoin, Bitcoin Cash & Ethereum - European Wrap - 14 October

Bitcoin price prediction: BTC/USD locked in a tight range – Confluence Detector

Bitcoin (BTC) is glued to $8,300 level. The first cryptocurrency has been hovering around this barrier since Friday’s failed attempt to break above SMA200 (Simple Moving Average) daily. The coin topped at $8,800 and returned to the previous range in a matter of hours amid crypto whales activity. 

Bitcoin confluence levels 

During early Monday hours BTC/USD has been locked in a range limited by $8,469 on the upside and $8,154 on the downside. The support located at $8,150 proved to be strong enough to keep the bears at bay; however, a weak upside momentum makes the coin vulnerable to further losses. Let’s have a closer look at the technical levels that may serve as resistance and support areas for the coin.

Bitcoin Cash price analysis: BCH/USD inching closer to flag pattern breakout

Bitcoin Cash is intentional with this current bullish momentum. The price has been able to sustain above the short-term ascending channel despite testing it twice. The brief deep under $220 support saw Bitcoin Cash make a comeback above $225. Bitcoin is trading at $226.14 following a 1.3% increase in value on the day.

Ethereum market update: ETH/USD locked in a range after the recent sell-off

ETH has been moving in a tight range after a strong sell-off from the recent high of $197.00. The second-largest con with the current market value of $19.8 billion has recovered from October 12 low of $177.22 to trade at $183.50 at the time of writing, however, the upside momentum is weak.