Cryptocurrencies price prediction: Bitcoin, Ethereum & EOS - Asian Wrap 11 Oct


Bitcoin price prediction: BTC/USD can re-enter the $9,000-zone after overcoming resistance at $8,6000

BTC/USD has gone down from $8,589 to $8,560 so far today. The bulls and bears canceled each other out this Thursday as the price trended horizontally and ended around $8,588.

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Ethereum technical analysis: ETH/USD trends in a downward channel formation

The bears remained in control for the second day in a row. ETH/USD is trending in a downward channel formation as the price went down from $191.85 to $190 so far today.

 

Eos price analysis: EOS/USD drops by 4% after encountering resistance at $3.26

EOS/USD has gone down from $3.26 to $3.13 so far today. The price has been following a pattern of consolidation and breakout for over two weeks. EOS/USD is currently sandwiched between the 50-day SMA 50 and SMA 20 curves (with SMA 20 on the downside).

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ETH/BTC on retreat, BTC recovery gains traction

Gold prices spiked above $2,000 amid growing concerns about the economic recovery. Geopolitical tensions and the prospect for further monetary and fiscal stimulus mitigate the financial consequences of COVID-19 drive investors to safe-haven assets. 

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XRP/USD under $0.3000 after Ripple announces the investment in XRPL Lab

Ripple's XRP dropped below $0.30 after a failed attempt to settle above $0.3200 during early Asian hours. The coin has lost over 4% in the recent 24 hours and stayed mostly unchanged since the beginning of the day. 

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Leading blockchain auditing firm predicts Cardano will outperform Tezos

ADA/USD bulls remained in control for the third straight day and the price is consolidating in a pennant formation. It’s current priced at $0.1443. The Elliott Oscillator has had seven straight red sessions.

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Altcoin Market Update: ETC and XLM face continual bearish correction

ETC/USD bears stayed in control for the fourth straight day. ETC/USD is currently priced at $7.13. The sellers are looking to get the price below the $7-level.The RSI is trending horizontally around 59.46.

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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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