Cryptocurrencies Price Prediction: Bitcoin, Bitcoin Cash & Litecoin – European Wrap 4 May

FXStreet Team FXStreet

Bitcoin Price Prediction: BTC/USD nosedives towards $8,500 – Confluence Detector

Bitcoin price failed to make a comeback into the $9,000’s range over the weekend. The stability followed an incredible bullish action on Thursday last week that saw the price high new April highs at $9,466. The bullish action was, however, met by increased selling activity and coupled with the high volatility in the market, pulled Bitcoin into a reversal action, the extent of testing new support at $8,400. A minor recovery ensued but Bitcoin stalled under $9,000.

Bitcoin Cash Price Analysis: BCH/USD freefalls to $235

Bitcoin Cash extended the bearish action on Monday below the $240 support. A low was formed at $235, marking the end of the intraday bearish action. BCH/USD has corrected upwards to trade at $241. However, it is still far from the intraday high achieved at $252. With entire cryptocurrency market clouded by a bearish wave, BCH could retest the short support but no rapid price movements are expected in the near term especially with the volatility shrinking.

Litecoin Price Analysis: LTC/USD may retreat to $45.00 before the recovery resumes

Litecoin topped at $50.96 on April 30 and slipped back below $50.00 as the upside momentum faded away during the weekend. At the time of writing, LTC/USD is changing hands at $45.83, down over 5% in the recent 24 hours. Litecoin now takes seventh place in the global cryptocurrency market rating with the market capitalization $3 billion and an average daily trading volume of $4.4 billion.

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Aave Price Forecast: AAVE primed for breakout as bullish signals strengthen

Aave (AAVE) price is trading above $204 at the time of writing on Friday and approaching the upper boundary of its descending parallel channel; a breakout from this structure would favor the bulls.

Meme Coins Price Prediction: DOGE, SHIB, PEPE stall amid warming retail demand

Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), struggle to regain strength as the broader cryptocurrency market recovers. Derivatives data reveals fresh retail demand as Open Interest of DOGE, SHIB, and PEPE futures surge.

Terraform Do Kwon gets 15-year prison sentence for role in Terra-Luna $40 billion crash

Terraform Labs founder Do Kwon was sentenced to 15 years in prison by a New York federal court on Thursday for his role in organizing one of the largest cryptocurrency frauds in history.

Top 3 Price Prediction: BTC and ETH eyes breakout, XRP steadies at support

Bitcoin (BTC) and Ethereum (ETH) are nearing the key resistance levels at the time of writing on Friday, and a successful breakout could open the door for a fresh rally. Meanwhile, Ripple (XRP) is stabilizing around a crucial support zone, hinting at a potential rebound if buyers maintain control.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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