Cryptocurrencies Price Prediction: Bitcoin, Cardano and Polkadot – European Wrap 9 September

FXStreet Team FXStreet

Bitcoin Weekly Forecast: Macro bearish trend persists, but a respite for BTC bulls

Bitcoin price has not only swept key swing lows, as noted in last week’s articles, but it has also reached its first recovery level target. While the recovery rally was as quick as it was a surprise, investors can hope for a minor retracement to get on the next leg-up.

Cardano price and bulls march in harmony as $0.530 target nears

Cardano price has been forming a liquidity fractal since June 18, and each time this pattern occurs, a bullish move follows. The latest occurrence of this fractal was on August 28, which was followed by a quick run-up that has not quite reached its target yet.

Polkadot price set to eke out 10% gains for the week as the world mourns

Polkadot (DOT) price pops up another 3% during the European trading session as markets are reassessing the situation and the Queen of England passes away. Positions are being squared across the board with the dollar on the backfoot, opening up room for cryptocurrencies to move higher. DOT price could be on the verge of breaking above a big technical cap opening up further expansion going into the week ahead.

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Ripple faces persistent bear risks, shrugging off ETF inflows

Ripple is extending its decline for the second consecutive day, trading at $2.06 at the time of writing on Friday. Sentiment surrounding the cross-border remittance token continues to lag despite steady inflows into XRP spot ETFs.

Luna Classic soars 20% as Do Kwon's sentence hearing looms

Luna Classic surges 20% on Friday, extending its recovery for the fourth consecutive day. Roughly 959 million tokens have been burned in December so far, fueling LUNC's recovery.

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.

Ethereum strengthens against BTC post-Fusaka, targeting $3,200 breakout

Ethereum trades above $3,100 on Friday, with bulls aiming for a breakout above a two-month-old resistance trendline. Ethereum gains strength against Bitcoin as demand for the major altcoin increases after the Fusaka upgrade.

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Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.

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