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Cryptocurrencies Price Prediction: Bitcoin, Ethereum Classic and Ripple – European Wrap 29 July

Cryptocurrencies Price Prediction: Bitcoin, Ethereum Classic and Ripple – European Wrap 29 July
FXStreet TeamFXStreet TeamFXStreet

Bitcoin price Prediction: BTC/USD dip is coming in the wake of the rally – Confluence Detector

Bitcoin’s intent to stay above $11,000 becomes difficult with each passing second. A bullish reversal on Wednesday saw BTC/USD reclaim the ground above $11,000. However, on trading levels of $11,361 losses took effect immediately. At the time of writing, Bitcoin has retreated to $10,954. The downtrend could soon retest support at $10,800. Besides, a reversal seems imminent following the massive rally from the narrow range between $9,000 and $9,300. Read more ...

BTC/USD price chart

Ethereum Classic Price Analysis: ETC/USD extends the sell-off, $7.00 stays unbroken

Ethereum Classic (ETC) hit the recent recovery high at $7.54 and retreated to $7.11 by the time of writing. The coin has lost over 4% since the beginning of Thursday amid strong bearish momentum triggered mostly by technical factors. ETC/USD faced a stiff resistance on approach to $7.50 that stopped the recovery twice in 2020. Read more ...

ETC/USD

Ripple Price Analysis: XRP/USD ready to retest $0.2500 after a consolidation period

Ripple's XRP is changing hands at 0.2430. The coin has stayed mostly unchanged both on a day-to-day basis and since the beginning of Thursday, even though the majority of altcoins have been moving down. XRP settled on third place in the global cryptocurrency market rating with the market capitalization over $10 billion and an average daily trading volume of $1.8 billion.  Read more ...

XRP/USD

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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.

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Ripple extends losses as derivatives interest cools

Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.