|

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Elrond — Asian Wrap 15 December

FOMC Recap: Fed hike impact on Bitcoin, Ethereum and Gold

Bitcoin price, the peer-to-peer digital currency, currently auctions at 17,925, a 4.1% increase from December 13's opening price. BTC price rose into a key resistant zone but has not displayed enough bearish strength to call the uptrend move over. According to the previous outlook, the next bullish target is $18,962, with an invalidation of the uptrend at $18,880.

Is the Ethereum price on the verge of a Santa Rally?

Ethereum price shows potential for more upside gains. As the ETH price rapidly ascends toward significant resistant zones, traders may want to wait for ideal buy-signals before entering the market. A retest of the mid-1,200 zone would make it void of the bullish potential.

EGLD staking goes live on Atomic Wallet while Elrond price prints key bearish pattern

Elrond (EGLD) price is in the red after losing 2.1% of its value over the last 24 hours. It is exchanging hands at $43.71 on Tuesday during the American session while bulls work around the clock to prevent a possible 18.10% breakdown.

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Bitcoin Weekly Forecast: BTC retreats as macro headwinds grow
Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.
XRP falls toward key support as macro uncertainty, weak momentum cap recovery
Ripple (XRP) falls below $1.33 on Friday, marking the third consecutive day of declines. The token continues to track the broader cryptocurrency market downturn, with investors closely monitoring heightened macroeconomic uncertainty ahead of the United States (US) Consumer Price Index (CPI) release and next week’s Federal Reserve (Fed) monetary policy decision.
Crypto Today: Bitcoin, Ethereum, XRP stabilize at lower levels amid ETF outflows and macroeconomic risks
The broader cryptocurrency market is rising on Friday, with Bitcoin (BTC) trading above $77,000 after testing lower support near $76,500. Ethereum (ETH) shows signs of stability, hovering above the support provided at $2,400 despite capped upside at $2,500. Meanwhile, Ripple (XRP) holds above $1.33 after three straight days of declines, reflecting growing headwinds due to macroeconomic uncertainty.
Bitcoin pulls back as another golden cross fails to deliver
Earlier this week, Bitcoin formed a golden cross, a technical signal that occurs when the price’s 50-day moving average rises above the 200-day moving average and is conventionally viewed as a precursor to a bullish rally. Historically, however, that’s often not been the case.
Bitcoin: BTC retreats as macro headwinds grow
Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.