Cryptocurrencies Price Prediction: Bitcoin, Dogecoin & Ripple – Asian Wrap 12 November

Bitcoin Price Forecast: BTC under pressure as MSCI removes Strategy from global indexes, puts billions in fund flows at risk

Bitcoin (BTC) remains under pressure, trading below $73,800 on Thursday after correcting over 1.5% so far this week. Bearish sentiment grew after news on Wednesday that MSCI, the global index provider, announced it will drop Strategy (MSTR) and other BTC-holding companies from global indexes, putting billions in fund flows at risk. Meanwhile, institutional demand has continued to weaken this week, with spot Exchange Traded Funds (ETFs) recording nearly $300 million in outflows on Wednesday, marking the fifth straight day of withdrawals and capping the Crypto King’s recovery.

Meme Coins Price Prediction: Dogecoin, Shiba Inu, and Pepe have yet to find a floor

Dogecoin extends its decline for the seventh straight week to a three-year low, maintaining a clear bearish tone. The meme coin sits well below both the 50-day and 200-day Exponential Moving Averages (EMAs) at $0.0785 and $0.0885, respectively. Momentum indicators show a downside bias, with the Moving Average Convergence Divergence (MACD) remaining below zero, while the Relative Strength Index (RSI) hovers near 30, hinting at persistent downside pressure and early signs of approaching oversold conditions.

Ripple and Stellar outlook: XRP consolidates losses, XLM extends recovery

XRP trades at $1.055 on Thursday, extending a bearish near-term tone as it holds well beneath the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) at $1.274, $1.293, and $1.354, respectively. The Relative Strength Index (RSI) sits in oversold territory near 24, hinting at stretched downside conditions. At the same time, the Moving Average Convergence Divergence (MACD) remains negative, suggesting persistent but gradually easing selling pressure.