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

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China prohibits units and individuals from creating and selling cryptocurrencies

The new draft of legal comments clearly states that no individual or unit can produce or sell tokens to replace CNY in circulation in the market. The violation of this law will have severe consequences according to the draft.

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Uniswap Price Prediction: UNI needs to crack $3.1 for a massive price explosion

Uniswap has been in a downtrend for several weeks now while bulls attempt to see any kind of rebound. The digital asset seems to be facing a crucial resistance point. Let’s take a look at several indicators and patterns to determine the direction of the price.

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Bitcoin Weekly Forecast: Bitcoin goes up as some of the world's largest currencies go down

While investors are waiting for BTC to retest all-time highs and shoot to the moon, it is already there. In some countries, the pioneer digital asset surpassed the peak of 2017 and hit new historic highs in local currencies.

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Yearn.Finance Price Prediction: YFI looks poised for a breakout towards $20,000

YFI has been trading inside a massive downtrend since September 12 and formed a head and shoulders pattern that broke bearishly. After losing close to 70% of its value over one month, the digital asset seems ready for a massive rebound. 

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Bitcoin Weekly Forecast: Bitcoin goes up as some of the world's largest currencies go down

While investors are waiting for BTC to retest all-time highs and shoot to the moon, it is already there. In some countries, the pioneer digital asset surpassed the peak of 2017 and hit new historic highs in local currencies.

Read the weekly forecast

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