Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Litecoin – European Wrap 2 July


Bitcoin price prediction: BTC/USD stays lethargic, no way out from the range - Bitcoin confluence

Bitcoin (BTC) resumed the decline after a failed attempt to keep the upside momentum after a move above $9,200. The first digital asset hit the intraday high at $9,288 and retreated to $9,200 by the time of writing. On the intraday level, the coin has  been moving within a short-term bearish bias within the recent tight range.

 

BTC/USD

 

Ethereum Price Analysis: ETH/USD retreats below 1-hour SMA200, more pain ahead

ETH/USD is changing hands at $228.60. The coin has lost over 1% since the start of the day and gained 1.4% on a day-to-day basis. Ethereum is the second-largest digital asset has the current market value of $25.6 billion and an average daily trading volume of $6.5 billion. ETH/USD tested the high of $232.80 before another bearish wave on the cryptocurrency market pushed it back below $230.00 and towards the lower boundary of the recent consolidation channel. Despite the sell-off, the coin is moving within a short-term bullish trend amid low volatility.

 

ETH/USD

Litecoin Price Analysis: LTC/USD to continue hibernating in a range

Litecoin is the seventh largest digital asset with the current market value of $2.7 billion and an average daily trading volume of $1.15 billion. The coin is locked in a tight range below $42.00. LTC/USD has barely changed both a day-to-day basis, though it is down over 1% since the beginning of Thursday.

 

LTC/USD

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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

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