Cryptocurrencies price prediction: Bitcoin & Ethereum Classic – European Wrap – 16 January


Bitcoin Price Analysis: BTC/USD in tactical retreat before another assault at $9,000

Bitcoin bulls hit a brick wall on the approach to $8,900. The first digital coin retreated to $8,660 after several unsuccessful attempts to pass this crucial barrier.  At the time of writing, BTC/USD is down 2% since the beginning of the day and mostly unchanged on a day-to-day basis. Despite the retreat, it is still moving within a bullish trend as long as $8,500 stays intact.


Ethereum Classic retreats from multi-month high as speculative sentiments fade away

Ethereum Classic, now the 18th largest digital asset with the current market value of $881 million, reached the top at $8.17 during early Asian hours and retreated to $7.64 by the time of writing. The coin has started a correction after a strong growth during the recent days. Despite the retreat, ETC/USD is still 4% higher on a day-to-day basis. Since the beginning of the year, ETC/USD has gained over 73%.


 

 

 

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ETH ready for a decisive breakthrough, BTC range-bound

BTC/USD hit the intraday high above $11,400 during early Asian hours and retreated to $11,226 by press time. The first digital coin has stayed unchanged on a day-to-day basis and since the beginning of the day, moving within a short-term bullish trend amid low volatility.

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All phases of Ethereum 2.0 will positively impact the network – Analyst

The anticipation of Ethereum 2.0 is continuing to rise as the activity on the network is surging. Kelvin Koh, the co-founder of venture capital firm Spartan Group, has recently said that ETH 2.0 will have play a key role in the growth of the network.

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ETC/USD faces stiff resistance at $7.35

Ethereum Classic (ETC) settled in a range above $7.00 after wild price swings on the weekend. At the time of writing, ETC/USD is changing hands at $7.20, mostly unchanged both on a day-to-day basis and since the beginning of Tuesday. 

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ADA/USD bulls remain in control as price goes up

Cardano successfully launched the Shelley hard fork a few days back and it currently has >620 active stake pools. These pools have a total of 2.74 billion ADA committed to staking. According to ...

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Bitcoin Weekly Forecast: Fasten your seatbelts, next stop is $12,000

Bitcoin has had its best week since mid-2019. The first digital currency gained over 18% in a single week and hit the new highest level of 2020. At the time of writing, BTC/USD is changing hands at $11,358 and the upside momentum is gaining traction as Bitcoin bulls are pushing at the upper line of the weekly Bollinger Band. 

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