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Cryptocurrencies Price Prediction: Bitcoin, Cosmos & Tezos – Asian Wrap 6 Oct

Cryptocurrencies Price Prediction: Bitcoin, Cosmos & Tezos – Asian Wrap 6 Oct
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Forecast: BTC upside potential capped at $11,560

The relative strength index (RSI) for the flagship cryptocurrency is trending around the midline as BTC's supply and demand keep canceling each other out. If the price has a bearish breakout from the triangle, it will fall to the $10,600 support line, which should absorb most of the selling pressure (further explained in the IOMAp section).

Cosmos Price Prediction: ATOM sits on the verge of a 35% upswing

ATOM appears to be developing an inverse head and shoulder pattern on its 12hr chart. The neckline seems to be at $5.6. If the buyers gain enough momentum to break above this level, it could precede an upswing to $7.50, as dictated by the TD sequential indicator.

Tezos Market Update: Decentralized identities to launch on Tezos, XTZ goes through price consolidation

Spruce Systems are currently working on a system to bring in decentralized identifiers (DID) to the Tezos ecosystem. DIDs are one of the core components of self-sovereign identity (SSI). SSI is a movement that gives an individual complete control over their identity. 

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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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Ripple Price Forecast: Sellers retain control as Evernorth Holdings files with SEC to buy more XRP

Ripple Price Forecast: Sellers retain control as Evernorth Holdings files with SEC to buy more XRP

Ripple’s (XRP) correction on Monday is deepening below $1.30, reflecting growing headwinds in the broader cryptocurrency market. Based on the token’s technical picture, the path of least resistance could stay downward until the $1.30 supply area flips into support.

Bitcoin stalls around $80,000 as geopolitical tensions dampen risk appetite

Bitcoin stalls around $80,000 as geopolitical tensions dampen risk appetite

Bitcoin hovers around $80,500 on Monday after three straight weeks of correction. Rising geopolitical tensions in the Middle East continue to push oil prices higher, stoking inflation concerns and dampening risk appetite.

Crypto Today: Bitcoin, Ethereum and XRP extend losing streak as bearish momentum builds

Crypto Today: Bitcoin, Ethereum and XRP extend losing streak as bearish momentum builds

Cryptocurrency prices are broadly correcting on Monday, led by Bitcoin’s five-day sell-off. Ethereum edges lower and trades around $2,325, as sellers build momentum to retain control over the trend. Meanwhile, Ripple shows signs of consolidating.

Pi Network Forecast: PI token remains under bearish pressure despite network access and security upgrade

Pi Network Forecast: PI token remains under bearish pressure despite network access and security upgrade

Pi Network trades around $0.075 on Monday, holding steady after two consecutive days of roughly 2% losses, resulting in the lowest weekly close ever. Pi Network rolled out desktop version 0.6.4 on Thursday, focused on improving remote access and security for local AI apps.

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot Exchange Traded Funds recording $442.67 million in net inflows through Thursday.