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Cryptocurrencies Price Prediction: Bitcoin, Cardano and Kyber – European Wrap 23 September

Bitcoin Price Prediction: BTC slips into “Buy the Dip” Zone

Bitcoin recently encountered an expected resistance under $11,200 on the run-up to $12,000. A reversal ensued, initially finding support at $10,800. Attempts to recover the lost ground and close the week above $11,000 failed amid exhaustion in the bullish camp. On the other hand, bearish positions increased on Monday, culminating in a breakdown to $10,300. Read more ...

BTC/USD price chart

Cardano Technical Analysis: ADA/BTC poised to resume the bull run

The ADA/BTC trading pair has been on a spiral since its yearly peak of 0.00001591 BTC on July 26. A lower high pattern emerged, limiting the pair under a descending trendline. ADA/BTC also dived beneath the 50 Moving Average in the 12-hour range, a move that intensified the selling pressure in August and September. At the time of writing, ADA/BTC is teetering at 0.0000078 BTC, following a shallow bounce from short term support established at 0.00000745 BTC. Read more ...

ADA/BTC price chart

Kyber Network Price Forecast: KNC aims for $0.50 amid growing uncertainty

Kyber Network’s impressive rally met an untimely end at $2.00 on August 13. As bulls retreated into the sidelines to rejuvenate, sellers took over the cockpit controls, and since then, losses have been unstoppable as reported earlier. At the time of writing, KNC is trading at $0.9087 after the tentative support at $1.00 caved. Read more ...

KNC/USD price chart

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Ripple ticks higher as selling pressure eases amid whale net outflows

Ripple edges higher near $1.30 on Wednesday, building on a broader crypto market recovery wave. The uptick comes amid the US midterm elections, in which the Democratic Party has clinched victory in the Senate and is on track to gain control of Congress.

Crypto Today: Bitcoin, Ethereum, XRP extend advance as US Dollar slides on Democrats' US midterm victory

Bitcoin trades above $78,000 on Wednesday as risk-on sentiment improves in the broader cryptocurrency market. Ethereum mirrors BTC’s recovery outlook, hovering above $2,300. Ripple similarly exchanges hands above $1.28, marking two consecutive days of gains.

Pi Network Price Forecast: Bullish breakout hopes fade as PI approaches record lows

Pi Network (PI) is trading in the red on Wednesday, hovering around $0.0755, with a downside risk toward the $0.0704 record low. The retail activity in the derivatives market declines as PI futures Open Interest plunges to nearly $7.50 million.

US midterm elections set up a potential volatility shock for BTC

Bitcoin holds above the key 200-day EMA but remains capped by the 100-day EMA, with a breakout in either direction likely to determine its next directional bias. Analysts remain bullish on BTC but expect a significant price swing in either direction, favoring volatility-based strategies over directional bets.

Bitcoin: Binance security breach and hawkish Fed push BTC lower
Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.