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Cryptocurrencies Price Prediction: Bitcoin, ChainLink & Tezos – Asian Wrap 15 Sep

Bitcoin Price Prediction: Bitcoin climbs above $10,600 aiming for $12,000 again

Bitcoin has been trading sideways for the past 10 days and formed a symmetrical triangle pattern on the 4-hour chart. After an initial fakeout, Bitcoin bulls did eventually manage to crack the upper trendline and see a real breakout. Bitcoin’s momentum has clearly shifted in favor of the bulls, however, the CME futures gap at $9,600 wasn’t really filled.

ChainLink Technical Analysis: LINK/USD falls below $12 as bears take full control

ChainLink has been on a massive downtrend since the mid-August $20 rejection. Currently, the price has been failing to get past the $12.78 resistance level. Many believe that LINK/USD’s future price performance is clearly dependent on whether it gets past this level or not.

Tezos Price Prediction: XTZ ready to bounce to $4.5 according to technical indicators

Tezos price was trading below $0.98 in March right after the pandemic crash. XTZ bulls managed to create a massive 300% bull rally towards $4.5 just months later experiencing a notable increase in trading volume and transactions. 

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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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XRP and XLM outlook: Mild recovery attempts emerge amid mixed market signals

Ripple and Stellar show mild signs of recovery on Thursday after extending losses earlier this week. XRP is holding above the $1.10 level as bearish momentum begins to fade, while XLM has bounced modestly from a key support zone.

Crypto Overview: Bitcoin consolidates above $60,000  – CRV, WLFI, XMR lead gains

The broader cryptocurrency market maintains risk-off sentiment as Bitcoin lingers above $62,000. The mild recovery in BTC fails to lift the Fear and Greed Index, which at 15 continues to signal extreme fear among investors. Still certain altcoins, Curve DAO, World Liberty Financial, and Monero, have emerged as top performers over the last 24 hours.

Bitcoin faces further downside risk amid growing short-term holder losses, weak ETF demand

Bitcoin's recent decline toward the $60,000 level has pushed the market further into bearish territory, with new investors suffering huge unrealized losses, according to a Glassnode report on Wednesday. The firm noted that Bitcoin's earlier May rally now appears increasingly as a "bear bounce".

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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.