Cryptocurrencies Price Prediction: Bitcoin Cash, Ethereum & Cardano – European Wrap 25 May


Bitcoin Cash Price Analysis: BCH/USD drawing nigh to $230 seller congestion

Bitcoin Cash has bounced off the support zone between $220 and $225. This cryptocurrency like many others, extended the bearish action during the weekend session. Prior to the flash drop, there was an attempt to correct above the descending trendline resistance but the bulls failed. BCH/USD bulls are currently holding onto the 2.62% gains on the day. From an opening value of $222.85, the price is dancing at $228.

 

BCH/USD

Cardano Price Analysis: ADA/USD may retreat to $0.0450 before another bullish wave

Cardano (ADA) hit the intraday low of $0.0509 during early Asian hours and recovered to $0.0532 by press time. Despite the recovery, the coin is still nearly 7% lower from this time on Sunday. It takes 11th place in the global cryptocurrency rating with the current market capitalization of $1.3 billion and an average daily trading volume of $135 million.

Ethereum Price Analysis: ETH/USD makes its way above $200, the recovery is slow

Ethereum bears took ETH price below psychological $200 on Monday, but a fresh buying interest located around this level helped to push the price back inside the previous consolidation range. ETH/USD hit the intraday low at $198.00. At the time of writing, the coin is changing hands at $203.10, down 4% on a day-to-day basis. The short-term trend remains bearish, while the volatility is low.

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Bitcoin Price Analysis: BTC poised for small correction before a major run to $15,000

Bitcoin (BTC) has settled above $13,000; however, further growth seems to be limited. The pioneer digital coin hit the recent high of $13,361 on October 25 and retreated to $13,110 by the time of writing. 

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Ethereum Price Prediction: ETH could retrace to $390 before the final rally to $500

After a massive rally towards $421, Ethereum is finally under a consolidation period. One of the largest farming pools, Harvest Finance, was hacked around eight hours ago. Attackers were able to steal close to $24 million in cryptos, making the token's price fall by more than 60% within a few hours.

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Uniswap Price Prediction: UNI flashes buy signal targeting $3.3 in the short-term

Uniswap continues trading in a downtrend and inside the daily descending parallel channel. The digital asset is slowly approaching the bottom at $2.7 while bulls try to push it above the upper trendline. 

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Bitcoin HODLers do not have to disclose their holdings to IRS after all

The US Internal Revenue Service explained how to answer a question about the cryptocurrency holdings, placed on the front page of the standard 1040 form.

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Bitcoin Weekly Forecast: Bitcoin goes up as some of the world's largest currencies go down

While investors are waiting for BTC to retest all-time highs and shoot to the moon, it is already there. In some countries, the pioneer digital asset surpassed the peak of 2017 and hit new historic highs in local currencies.

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