Cryptocurrencies Price Prediction: Bitcoin, Ethereum and Cardano – European Wrap 12 August
Bitcoin Weekly Forecast: Can BTC ruin the Merge for ETH?
Bitcoin price is undergoing a massive rejection at a crucial hurdle for the second time, suggesting the possibility of a reversal. A further look into a lower time frame reveals that this bearish outlook could be possible under certain conditions.
How high could Ethereum price go with Triple Halving
Ethereum Merge is going live sooner than the community expected. Core developers of the Ethereum Foundation announced a tentative Merge date as September 15. Ethereum’s successful transition to proof-of-stake is expected to lead to a drop in ETH supply of – according to some estimates – between 80-90% as a result of a mass burn following Merge, in effect causing what amounts to a ‘triple halving’. This is expected to push the ETH price substantially higher.
Cardano price to retrace as bulls fail to tame the bears
Cardano price has attempted and failed to overcome a crucial resistance level thrice over the last month. This failed attempt is likely to see a potential downswing if ADA bulls fail to keep up.
Author
FXStreet Team
FXStreet
