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Cryptocurrencies Price Prediction: Bitcoin, Ethereum Classic & Cardano – Asian Wrap 27 Aug

Cryptocurrencies Price Prediction: Bitcoin, Ethereum Classic & Cardano – Asian Wrap 27 Aug
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Forecast: BTC/USD lacks healthy support levels on the downside

BTC/USD bulls took charge of the market this Wednesday as the price went up from $11,326.78 to $11,445.47. The buyers are facing an immediate resistance stack between $11,450-$11,525. This stack is highlighted by the Previous Month high, Previous Week low and 4-hour SMA 200.

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Ethereum Classic Price Forecast: ETC/USD bulls aim for $6.50

ETC/USD went up from $6.467 to $6.496 in the early hours of Thursday. The daily confluence detector shows three strong resistance levels at $6.62, $6.675 and $6.80. On the downside, we have a healthy support level at $6.48.

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Cardano Price Analysis: ADA/USD charts bearish cross pattern

ADA/USD bulls re-entered the market following a heavily bearish Tuesday. The price has gone up from $0.112 to $0.1159. Following this bullish price action, the price was able to re-enter the 20-day Bollinger Band, showing that ADA/USD is no longer undervalued. 

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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.

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Ripple stabilizes as support holds amid steady ETF inflows

Ripple stabilizes as support holds amid steady ETF inflows

Ripple pares losses and trades around $1.05 at the time of writing on Monday. The cross-border remittance token is attempting a recovery after last week’s sell-off, which intensified as the US and Iran exchanged fire.

Crypto Today: Bitcoin and Ethereum edge higher, XRP pares losses as US and Iran agree to resume talks

Crypto Today: Bitcoin and Ethereum edge higher, XRP pares losses as US and Iran agree to resume talks

Bitcoin is showing renewed signs of recovery, approaching the $60,000 mark at the time of writing on Monday. Among altcoins, Ethereum is positioned for a potential breakout above $1,600, while Ripple continues to face bearish pressure, holding just above the key $1.00 psychological support.

Bitcoin four-year cycle: BTC risks 75% drawdown with four months of bear market still ahead

Bitcoin four-year cycle: BTC risks 75% drawdown with four months of bear market still ahead

Bitcoin price continues to trend downward below the $60,000 support zone after losing over 50% of its value since the $126,199 high in October. Bitcoin’s four-year cycle, measured from cycle tops to bottoms, suggests that four months of a bear market are still ahead.

Bitcoin Price Forecast: Mild recovery as US and Iran agree to halt attacks, resume talks

Bitcoin Price Forecast: Mild recovery as US and Iran agree to halt attacks, resume talks

Bitcoin recovers slightly on Monday, trading above $60,000 after closing below the 200-week SMA the previous week. Market sentiment turned cautiously positive after the US and Iran agreed to halt attacks and renew peace talks.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin has remained under pressure this past week, losing over 5% as traders assess mixed signals from different parties involved in the Middle East conflict.