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Cryptocurrencies Price Prediction: Bitcoin Cash, OMG & Tron – European Wrap 20 October

Bitcoin Cash Price Forecast: BCH forced into consolidation between strong levels – Confluence Detector

Bitcoin Cash plummeted from $292.25 to $207.30 between September 2 to September 23. Following that, the price recovered till October 15, hitting the $262.65 resistance line. Since then, the Bitcoin fork has dropped to $249 and is trapped between the 100-day SMA ($253) and 200-day SMA ($246). The MACD also shows decreasing bullish market momentum, which doesn’t bode well for the buyers. Read More ...

BCHUSD daily chart

OMG Network Price Forecast: OMG prepares to dump some more

The drab action across the cryptocurrency market is not sparing OMG Network. A bullish momentum put in place towards the end of September lost steam at $4.4 earlier in October. Over the last three weeks, OMG has narrowed beneath a descending trendline. Read More ...

OMG/USD price chart

TRON Price Prediction: TRX ready for a major price explosion according to indicators

Tron has been trading inside a tight range from $0.028 to $0.0239 for the past three weeks without a clear direction. Several indicators show that TRX is on the verge of a massive breakout, but in which direction? Let’s take a look at some different metrics to find out. Read More ...

trx price

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Bitcoin sell-off pushes over 50% of circulating supply into loss, hinting at market bottom
Bitcoin (BTC) dropped near $61,000 on Tuesday, with the latest sell-off pushing long-term market indicators toward levels historically associated with bear-market bottoms, according to a report by K33 Research.
Bitcoin: After the bloodbath, everyone looks at $60,000
Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty. The institutional sell-off continued to wreak havoc on capital flows, with spot Bitcoin Exchange-Traded Funds (ETFs) recording billions in outflows.