Cryptocurrencies price prediction: Bitcoin, Ethereum, Ripple - 26 June


Bitcoin price analysis: BTC/USD unstoppable as $12,500 gives in

Bitcoin’s upside momentum is gaining traction as a break above $12,000 serves as an upside catalyst for the first digital coin. At the time of writing, BTC/USD is changing hands at $12,550 amid strong bullish sentiments and growing trading volumes. Considering that the price growth is accompanied by increased trading volumes, one might suggest that the trend will gain traction.

Many experts believe that at this stage Bitcoin (BTC) is driven by FOMO, while the market repeats the situation of late 2017.  The excitement around Facebook’s Libra coin and potential crypto ban in India are also cited as major catalysts to the Bitcoin’s rally.

bitcoin chart

Ethereum price analysis: Will ETH/USD face a bearish correction soon?

ETH/USD bulls have been in control of the market for three days in a row. While the price has gone up from $316.50 to $333.50 so far this Wednesday alone, the bulls will need to push it up even further to $350 to continue their upward momentum. The hourly chart shows us that ETH/USD has spiked from $316 to $331 in just one hour. This could mean that the price is currently overvalued and may face bearish correction.

The 20-day Bollinger band jaw has widened, so it indicates increasing market volatility. The last session has taken the price above the upper curve of the Bollinger band, suggesting that it is overvalued. The price is trending in an upwards channel formation and above the 200-day simple moving average (SMA 200), SMA 50 and SMA 20 curves.

ETH/USD daily chart

ethereum chart
 

Ripple price analysis: XRP/USD stuck in range, capped by $0.48

Ripple’s XRP, the third largest coin by market value, has retreated from the intraday high of $0.4783 to trade at $0.4720 at the time of writing.  XRP/USD hit the area above $0.50 during the weekend but failed to hold the ground. XRP/USD has gained about 2% in recent 24 hours amid range-bound trading.

Ripple’s market value has settled at $20.2 billion, while the trading volumes are registered at $2.2 billion, twice as high as an average long-term figure.

ripple chart

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Bitcoin market update: BCH/USD sellers catalyze the breakdown under $220

The crypto market is bleeding across the board. Major cryptos like Bitcoin and Ethereum fall overnight while Bitcoin Cash engaged the reverse gear during Wednesday’s European session. From an opening price of $226.97, BCH ascended to an intraday high of $227.76. 

More Bitcoin Cash News

IOTA price analysis: IOT/USD loses ground, moves within the recent channel

IOTA, the 17th largest digital asset with the current market value of $745 million, has been moving in a tight range recently. The coin has lost 1.8% of its value on a day-to-day basis amid global sell-off on the cryptocurrency market.

More IOTA News

Ethereum price prediction: ETH/USD collapses below $170.00 – Confluence Detector

ETH/USD surrounded $170.00 support amid massive sell-off on the global cryptocurrency market. ETH, the second digital coin has lost over 4% of its value in recent 24 hours to trade at $167.00 by press time.

More Ethereum News

Facebook’s Libra could be regulated by the SEC: The US Congress draft bill reveals

Facebook is yet to find a regulatory breakthrough for its proposed digital project, Libra. However, if the United States Congress goes ahead with the proposal to draft a bill describing stablecoins, Libra could quickly fall under the wings of the Securities and Exchange Commission.

More Libra News

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Bitcoin Weekly Forecast: Nothing to crow about

Bitcoin (BTC) attempted a recovery above $8,400 and resumed the decline into the end of the week.

Read the weekly forecast

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