Cryptocurrencies price prediction: Bitcoin, Bitcoin Cash & Ethereum – European Wrap – 20 December

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Bitcoin Price Prediction: BTC/USD at crossroads, is it $8,000 or $6,000 – Confluence Detector

Bitcoin seems to be marinating the next move targeting $8,000 before 2020. However, the sellers are leaving nothing to chance, in fact, they see Bitcoin losing the year close to $6,000. On the other hand, Bitcoin has proved that it has the ability to recover from extreme losses. Therefore, further losses ahead of the May 2020 halving is not causing too much panic across the landscape.

Bitcoin Cash Price Analysis: BCH/USD bulls wake in readiness for an action-packed weekend

Bitcoin Cash finally let go of the former strong support at $200. The breakdown plummeted below $190 (previous buy zone) and $180. Luckily the buyer congestion at $170 put an end to the declines and kick-started the ongoing bullish momentum.

Ethereum Price Analysis: ETH/USD sliding down on PlusToken liquidation concerns

Ethereum hit the recovery high at $134.50 and resumed the decline. At the time of writing, the second-largest digital asset is changing hands at $127.40, off the intraday low of $125.95. ETH/USD has lost about 1% of its value both on a day-to-day basis and since the beginning of the day.

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Ripple nears lifeline support as macro risks intensify

Ripple continues to face significant selling pressure, sliding below $1.10 at the time of writing on Wednesday. This decline mirrors the broader weakness in the crypto market, exacerbated by mounting macroeconomic headwinds and persistent geopolitical uncertainties.

Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as September Fed rate-hike odds increase

Bitcoin is trading between $62,000 and $63,000 at the time of writing on Wednesday, weighed down by headwinds stemming from macroeconomic uncertainty and geopolitical tensions in the Middle East, especially as the US and Iran continue to offer conflicting accounts of the nuclear discussions.

Cardano vulnerable to deeper losses amid SecondFi exploit

Cardano price hovers below $0.1500 at press time on Wednesday, extending a refreshed bearish impulse move of over 20% in the last nine days. The exploitation of the Cardano ecosystem’s SecondFi wallet-generation software, resulting in a loss of about 16 million ADA, weighs on retail strength.

Bitcoin struggles as institutional demand remains weak

Bitcoin remains under pressure, trading around $62,700 on Wednesday after losing 2% the previous day. Persistent institutional selling, with spot Exchange Traded Funds (ETFs) recording outflows on Tuesday, continues to weigh on BTC.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.