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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 Weekly Forecast: BTC retreats as macro headwinds grow
Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.
XRP falls toward key support as macro uncertainty, weak momentum cap recovery
Ripple (XRP) falls below $1.33 on Friday, marking the third consecutive day of declines. The token continues to track the broader cryptocurrency market downturn, with investors closely monitoring heightened macroeconomic uncertainty ahead of the United States (US) Consumer Price Index (CPI) release and next week’s Federal Reserve (Fed) monetary policy decision.
Crypto Today: Bitcoin, Ethereum, XRP stabilize at lower levels amid ETF outflows and macroeconomic risks
The broader cryptocurrency market is rising on Friday, with Bitcoin (BTC) trading above $77,000 after testing lower support near $76,500. Ethereum (ETH) shows signs of stability, hovering above the support provided at $2,400 despite capped upside at $2,500. Meanwhile, Ripple (XRP) holds above $1.33 after three straight days of declines, reflecting growing headwinds due to macroeconomic uncertainty.
Bitcoin pulls back as another golden cross fails to deliver
Earlier this week, Bitcoin formed a golden cross, a technical signal that occurs when the price’s 50-day moving average rises above the 200-day moving average and is conventionally viewed as a precursor to a bullish rally. Historically, however, that’s often not been the case.
Bitcoin: BTC retreats as macro headwinds grow
Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.