Cryptocurrencies price prediction: Bitcoin, DASH, & Ethereum - European Wrap - 8 October

FXStreet Team FXStreet

Bitcoin price analysis: BTC/USD recovery hampered under $8,400, $8,000 support remains vulnerable

The market is retreating fast after most of the major cryptocurrencies failed to break past critical hurdles. Bitcoin, for instance, took the bullish action above $8,000 but failed to sustain gains above $8,300. The critical hurdle at $8,400 was not untested leaving a wide gap to be explored by the sellers.

Dash price analysis: DASH/USD defiantly bullish, holding on the 2.25% intraday gains

Dash bulls are intent on pushing gains higher on the day following an incredible bullish wave on Monday. While other cryptos retreat, from the weekly highs, Dash has extended the action above $74. An intraday high has been formed at $74.15, although DASH/USD is adjusting the current price around $73.33.

Ethereum market update: $200.00 is a possibility for ETH/USD

ETH/USD jumped back above $180.00 barrier, as the cryptocurrency market sentiments improved following Bitcoin’s move above $8,000. At the time of writing, ETH/USD is changing hands at $180.90 with the short-term bullish bias. The second-largest digital asset with the current market value has gained 6.5% on a day-on-day basis and 1% since the beginning of the day.

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Solana Price Forecast: SOL consolidates as spot ETF inflows near $1 billion signal institutional dip-buying

Solana (SOL) price hovers above $131 at the time of writing on Monday, nearing the upper boundary of a falling wedge pattern, awaiting a decisive breakout.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP face pressure near key technical barriers

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) hover around key levels on Monday after correcting slightly in the previous week. The top three cryptocurrencies by market capitalization could face increased downside risk as bearish momentum builds across key indicators.

Top Crypto Losers: DASH, SPX, PENGU – Privacy and meme coins lose ground

Altcoins, including Dash (DASH), SPX6900 (SPX), and Pudgy Penguins (PENGU), are leading losses as the broader cryptocurrency market remains cautious ahead of the macroeconomic data releases, such as the US Nonfarm payroll report, CPI data, and the Bank of Japan’s rate-hike decision.

Top 3 Price Prediction: BTC and ETH eyes breakout, XRP steadies at support

Bitcoin (BTC) and Ethereum (ETH) are nearing the key resistance levels at the time of writing on Friday, and a successful breakout could open the door for a fresh rally. Meanwhile, Ripple (XRP) is stabilizing around a crucial support zone, hinting at a potential rebound if buyers maintain control.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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