Cryptocurrencies price prediction: Bitcoin, Ethereum & Litecoin - American Wrap - 09 October

Bitcoin price analysis: BTC/USD daily closure above $8500 is critical for bulls

The Bitcoin price is trading up with gains of over 5% on Wednesday, as the bulls pick up momentum to the upside. It has been a couple weeks of narrow trading, which is subject to change given the recent strength.

BTC/USD had been moving within a tight range for over two weeks, the high at $8500, with the low down at $7700. It is the narrowest trading conditions seen since early September, as the price consolidates after a hard sell off between 23-26 September.

Ethereum technical analysis: ETH/USD outperforming its peers jumping 6%

Ethereum price is trading firmly in the green, up 6.00% the session on Tuesday.

ETH/USD is outperforming its peers, as the bulls extend north following a range breakout. 

Strong daily supply noted at $180, a breach has opened the door to another wave of upside. 

Litecoin technical analysis: LTC/USD bulls looking to break free from stubborn bearish trend

Litecoin price is trading in the green in the session by some 4.50%. 

LTC/USD bulls have broken out from a narrowing range-block formation, 

Price action is capped to the upside at $58 and supported the downside at $54, within tight conditions. 

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Crypto Market Update: Bears return on Saturday, Ethereum eyes 8% weekly loss

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Bitcoin Weekly Forecast: Keep calm and HODL on until the USA elects the president

Bitcoin (BTC) partially regained the losses incurred at the beginning of the week; however, the upside momentum is still too weak to take the price out of the bearish territory and ensure a sustainable recovery. 

Read the weekly forecast