Cryptocurrencies price prediction: Bitcoin, Ethereum & Monero - European Wrap - 19 September


Bitcoin price analysis: BTC/USD settles above $9,800, vulnerable to new losses

Bitcoin (BTC) managed to recover above $9,800 after a bloody crash towards $9.600 during early Asian hours. At the time of writing, the first digital asset is changing hands at $9,860, down 3.5% on a day-on-day basis. Bitcoin’s sell-off triggered a carnage on the cryptocurrency market as all major altcoins collapsed from the recent highs. Bitcoin’s market dominance settled at 67.4%.

 

Bitcoin

Ethereum (ETH) price analysis: ETH/USD stays above $200.00, bulls don't give up

The second-largest cryptocurrency with the current market capitalization of $22.4 billion hit $217.60 on Wednesday. While the coin has retreated to $207.50 by the time of writing, the overall sentiments remain bullish as the coin stays above a critical $200.00. ETH/USD has lost about 2.5% on a day-on-day basis amid global correction on the cryptocurrency markets.

Ethereum

Monero price analysis: XMR/USD reverses Wednesday’s gains, goes below $74.0

Monero (XMR) is one of the biggest losers among top-20 coins. XMR/USD has lost nearly 10% since the beginning of Thursday to trade at $73.64 by press time. While the coin has recovered from the intraday low of $72.80, it is still controlled by bears amid expanding volatility. On a day-on-day basis, Monero is down 1.73%.

 

Monero

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Bitcoin price prediction: BTC/USD hunting for a breakout

Bitcoin upward movement continues to be limited under the 23.6% Fib retracement level we discussed earlier today. A shallow recovery from the recent deep is unable to sustain gains above $8,300. For now, the price is likely to remain pivotal at $8,300. 

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Ripple price prediction: XRP/USD breaks free from triangle pattern - XRP confluence

Ripple’s XRP broke free from the long-term triangle pattern and hit $0.2860 during early Asian hours. The now the third-largest digital asset with the current market value of $12.2 billion has gained nearly 4% in recent 24 hours and became one of the best-performing altcoins out of top-10. At the time of writing, XRP/USD is changing hands at $0.2846.

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TRON price analysis: TRX/USD moves within a long-term bearish trend

At the time of writing, TRX/USD is changing hands at $0.0160. The coin has gained over 15% in seven 24 days, however, the upside momentum started fading away after the price had hit $0.0175 high. 

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Cryptocurrency market update: Bulls swinging into action

The weekend session was slow and lethargic. Cryptocurrencies across the board pushed for consolidation at lower levels than the ones witnessed last week. The situation is slightly different on Monday at the beginning of the European.

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Bitcoin Weekly Forecast: BTC bulls trapped below SMA200 daily

Bitcoin bulls have had a short glimpse of victory only to suffer a bitter disappointment this week.

Read the weekly forecast

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