TRENDING:
US CPI
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Cryptocurrencies price prediction: Bitcoin, Ethereum & Monero - Asian Wrap 03 Dec

Cryptocurrencies price prediction: Bitcoin, Ethereum & Monero - Asian Wrap 03 Dec
FXStreet TeamFXStreet TeamFXStreet

Bitcoin price prediction: Resistance at $7,370 makes return to the $7,500 level tough

Bitcoin charted its third consecutive bearish day after failing at the $7,766.25 line. BTC/USD has dropped from $7,410.40 to $7,345.85. The hourly chart for Monday shows us that the price fell to $7,229.25, where it found intraday support and bounced up to $7,315. 

fxsoriginal

ETH/USD keeps falling after failing at the $155-level

ETH/USD managed to chart a third straight bearish day after failing at the $155-level. This Monday, Ethereum has dropped from $151.30 to $149. The price is floating below the 200-day Simple Moving Average (SMA 200), SMA 50 and SMA 20 curves.

XMR/USD shows some bullish signals

XMR/USD has broken a trendline on the 4-hour chart that could point to some upside potential. The price is holding above 50 now and if 58 gets taken out then a run on 60 could take place. 55 is the next psychological level at the moment and price has been sticky there in the past.

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Bitcoin Weekly Forecast: BTC retreats as macro headwinds grow

Bitcoin Weekly Forecast: BTC retreats as macro headwinds grow

Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.
XRP falls toward key support as macro uncertainty, weak momentum cap recovery

XRP falls toward key support as macro uncertainty, weak momentum cap recovery

Ripple (XRP) falls below $1.33 on Friday, marking the third consecutive day of declines. The token continues to track the broader cryptocurrency market downturn, with investors closely monitoring heightened macroeconomic uncertainty ahead of the United States (US) Consumer Price Index (CPI) release and next week’s Federal Reserve (Fed) monetary policy decision.
Crypto Today: Bitcoin, Ethereum, XRP stabilize at lower levels amid ETF outflows and macroeconomic risks

Crypto Today: Bitcoin, Ethereum, XRP stabilize at lower levels amid ETF outflows and macroeconomic risks

The broader cryptocurrency market is rising on Friday, with Bitcoin (BTC) trading above $77,000 after testing lower support near $76,500. Ethereum (ETH) shows signs of stability, hovering above the support provided at $2,400 despite capped upside at $2,500. Meanwhile, Ripple (XRP) holds above $1.33 after three straight days of declines, reflecting growing headwinds due to macroeconomic uncertainty.
Bitcoin pulls back as another golden cross fails to deliver

Bitcoin pulls back as another golden cross fails to deliver

Earlier this week, Bitcoin formed a golden cross, a technical signal that occurs when the price’s 50-day moving average rises above the 200-day moving average and is conventionally viewed as a precursor to a bullish rally. Historically, however, that’s often not been the case.
Bitcoin: BTC retreats as macro headwinds grow

Bitcoin: BTC retreats as macro headwinds grow

Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.