Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Litecoin – American Wrap 15 April

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Bitcoin Price Analysis: New Elliott Wave predictions put targets near 6K

Bitcoin has had a tough few sessions this week falling from a high of 7,466 to around 6,750 where the price is today. It had been worse at one stage when the pair was trading at 6,555 and now that level is the support target for the bears.

If that wave low does break to the downside then there are some Fibonacci expansion targets to watch. The 261.8% and 38.2% extension confluence pretty close to the 6K area. Often when Fib zones match up with round numbers they can act as a magnet for price.

Ethereum Price Analysis: ETH/USD at risk of a $100 return

Ethereum price is trading in the red by 0.95% on Wednesday.

ETH/USD is moving within a very tight range block, subject to a breakout.

The price to move into a definitive trend needs to break down $200 to the upside, or $150 to the downside.

Litecoin Price Forecast: LTC/USD largely at risk trading underneath bearish flag

Litecoin price is trading in negative territory by 2.30 % in the session on Wednesday.

LTC/USD is moving within a narrowing nature, sitting just above critical support at $40.

The coming range breakout will likely be trend defining, with risks tilting to the downside.

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Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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