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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Litecoin – European Wrap 20 April

Bitcoin Price Prediction: BTC/USD lift-off to $9,000 in the Q2 of 2020 imminent – Confluence Detector

Bitcoin commenced the week’s trading in the positive territory after defending support above $7,200. Last week’s surge above $7,000 was the second after Bitcoin crashed more than 50% in March amid a widespread COVID-19 triggered selloff. At the moment, Bitcoin is trading over 85% higher from the lows trade in March. The gains last week were reminiscent of the upward correction in the United States stock market. Bitcoin has lately become more and more correlated with the stock market and other traditional asset. A situation that has had people questioning Bitcoin’s safe haven status.

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Ripple Price Analysis: XRP/USD vulnerable to short-term losses as bulls fail to take price above local resistance $0.1975

Ripple's XRP settled above $0.1900. The third-largest digital asset has recovered after a sharp sell-off under $0.1800 during early Asian hours but the further upside seems to be limited at this stage as the price lost bullish momentum on approach to $0.1970. XRP/USD has gained 2.0% since the beginning of the day and stayed unchanged on a day-to-day basis. Ripple's trading volume is registered at $8.5 billion, while an average daily trading volume settled at $2.0 billion.

XRP/USD

Ethereum price analysis: ETH/USD may retest $160.00 before another bullish leg towards $200.00

Ethereum hit $190.00 on April 18 only to retreat to $181.80 by press time. The second-largest digital asset hit the low at $176.55 on Sunday and has been range-bound with bullish bias ever since. However, the recovery seems to be is limited for now. ETH/USD has gained 1% since the beginning of Monday and stayed unchanged on a day-to-day basis. Ethereum's market value is registered at $20.3 billion, while an average daily trading volume settled at $18.8 billion.

ETH/USD

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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.

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Pi Network Price Forecast: PI risks another lower leg as the broader crypto market slips

Pi Network is trading in the red on Thursday, retreating toward a near-term support around $0.0740. The Fear and Greed Index declines to 43 on Thursday, while total liquidations exceed $350 million over the last 24 hours, suggesting a deterioration in investors' risk appetite and a sell-side bias. The technical outlook for PI is bearish, with selling pressure building.

Ripple and Stellar outlook: XRP and XLM lose ground as hawkish Fed tone weighs

Ripple and Stellar remain under pressure on Thursday as bearish derivatives positioning and on-chain signals weigh on sentiment. XRP slides toward key support at $1.30, while XLM gives back some of its recent gains. Meanwhile, the Federal Reserve held interest rates unchanged at 3.75%-4.00% at its two-day October policy meeting.

Cardano Price Forecast: ADA extends bearish reversal as sell-side pressure intensifies

Cardano faces intense selling pressure, with over 4% losses so far on Thursday, pushing the price below $0.2000. The sell-off aligns with the broader cryptocurrency market pullback after the US Federal Reserve decided to pause the federal funds rate at 3.75%-4.00% on Wednesday.

Cardano Price Forecast: ADA extends bearish reversal as sell-side pressure intensifies
Cardano (ADA) faces intense selling pressure, with over 4% losses so far on Thursday, pushing the price below $0.2000. The sell-off aligns with the broader cryptocurrency market pullback after the US Federal Reserve (Fed) decided to pause the federal funds rate at 3.75%-4.00% on Wednesday.
Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot Exchange Traded Funds recording $442.67 million in net inflows through Thursday.