|

Cryptocurrencies Price Prediction: Bitcoin, Ethereum and IOTA – European Wrap 15 October

Bitcoin Price Forecast: BTC upward movement inhibited by $11,700 resistance line

The premier cryptocurrency has been on a major upswing since September 23, as it has gone up from $10,225 to $11,285, since then. Of late, the price movement has become a little lethargic. However, it should be noted that this is probably a short-term retracement before the price resumes its upward movement. Read more ...

BTCUSD daily chart

Ethereum nears the make or breakpoint

Ethereum carries on with the dance between the support at $370 and the short term resistance at $385. On the upside, $390 remains the most vigorous resistance and the barrier to the action above $400. If retested and broken, Ethereum will quickly rush above $400, shifting the focus to $500. However, if the resistance remains intact, a reversal could come into the picture, pulling Ether to the 100 SMA support on the 4-hour chart. Read More ...

ETH/USD price chart

IOTA Price Forecast: IOT regaining ground to $0.3

IOTA's bulls are working around the clock, searching for substantial support following a rejection the digital asset encountered marginally under $0.3. Recovery ensued from the support established at $0.23. However, the uptrend targeting $0.30 and $0.4 delayed due to the intensifying bearish grip. Read more ...

IOT/USD price chart

Bitcoin Price Forecast: BTC upward movement inhibited by $11,700 resistance line

The premier cryptocurrency has been on a major upswing since September 23, as it has gone up from $10,225 to $11,285, since then. Of late, the price movement has become a little lethargic. However, it should be noted that this is probably a short-term retracement before the price resumes its upward movement. Read more ...

BTCUSD daily chart

Author

FXStreet Team

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.

More from FXStreet Team
Share:

Editor's Picks

XRP stuck in tight range as whale demand, on-chain activity strengthen
Ripple (XRP) declines for a second day in a row, trading around $1.07 at the time of writing on Tuesday. The remittance token has continued to sustain a bearish outlook, aligning with the broader cryptocurrency market.
Bitcoin rises toward $64,000 as Coldcard exploit, strategy sales recede – ADA advances
Bitcoin rose 1.6% over the last 24 hours, climbing as high as $64,160 to the highest since July 31 before retreating. The rebound followed a selloff spurred by an exploit that targeted a cold wallet over the weekend and bitcoin sales by the world’s largest corporate holder.
Crypto Today: Bitcoin, Ethereum, XRP shows recovery signs as Ethereum and XRP struggle
Bitcoin (BTC) advances above $63,000 on Tuesday, buoyed by increasing investor risk appetite. Ethereum (ETH) continues to trade under pressure below the supply range at $1,900 and above the short-term $1,800 support. At the same time, Ripple’s (XRP) upside is constrained under the pivotal $1.10 level while support at $1.00 remains intact.
US Yen intervention puts Bitcoin, risk assets on notice for liquidity flux
Washington’s growing coordination with the Bank of Japan (BoJ) points to a potential boost in global dollar liquidity — even as it runs up against a yen carry trade unwind that could squeeze liquidity if it deepens further. Last week, the US and Japan conducted a rare joint intervention to prop up the yen, which had slid to 40-year lows of 164 per dollar — the first of its kind since 1998.
Bitcoin: Bulls hold the line
Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.