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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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Bitcoin steadies at $82,000: The five forces crushing the Uptober rally

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Bitcoin: Macroeconomic headwinds, cooling demand cap BTC gains

Bitcoin: Macroeconomic headwinds, cooling demand cap BTC gains

Bitcoin (BTC) extends losses this week, trading below $82,500 as of Friday as selling pressure continues. Weakening institutional demand supports this pullback as BTC spot Exchange-Traded Funds (ETFs) are on track to record a two-week withdrawal streak, reaching $146.19 million in net outflows through Thursday.