TRENDING:
EUR/USD
US NFP
GBP/USD
XAU/USD
Trade War
USD/CAD
AUD/USD
Sponsored by
Login
|

Cryptocurrencies price prediction: Bitcoin, Ethereum & Ripple - American Wrap - 02 October

Cryptocurrencies price prediction: Bitcoin, Ethereum & Ripple - American Wrap - 02 October
FXStreet TeamFXStreet TeamFXStreet

Bitcoin price prediction: BTC/USD range-bound with bearish bias

Bitcoin (BTC) has been range-bound with bearish bias on Wednesday. The coin slipped below $8,300 after an unsuccessful attempt to move above $8,500 barrier. In recent 24 hours, the coin has lost about 1.5% of its value amid low trading activity after several volatile days.

There are a lot of significant technical barriers clustered above the current price, which makes it harder to the bulls to pursue their agenda. Let’s have a closer look at the technical levels that may serve as resistance and support areas for the coin.

Ethereum technical analysis: ETH/USD moving within bearish flag subject to potential breach

Ethereum price is trading in the green, up 0.90% the session on Wednesday.

ETH/USD price action is moving within a bearish flag structure via the daily.

There is much supply heading into the psychological $200 area, capping the bulls. 

Ripple's XRP technical analysis: XRP/USD critical bottom subject to test from bears, $0.2400 - 0.2300

Ripple's XRP price is trading up with minor losses of some -0.80% in the session on Wednesday. 

XRP/USD price is heading back for a retest of a breached pennant structure. 

Critical demand zone should be noted at the range of $0.2400-0.2300, where the price bottomed between 25-29 September. 

Author

FXStreet Team

More from FXStreet Team
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

BNB Price Forecast: BNB slips below $855 as bearish on-chain signals and momentum indicators turn negative

BNB Price Forecast: BNB slips below $855 as bearish on-chain signals and momentum indicators turn negative

BNB, formerly known as Binance Coin, continues to trade down around $855 at the time of writing on Tuesday, after a slight decline the previous day. Bearish sentiment further strengthens as BNB’s on-chain and derivatives data show rising retail activity.

Top Crypto Losers: Aster, Midnight, and Ethena extend losses as selling pressure mounts

Top Crypto Losers: Aster, Midnight, and Ethena extend losses as selling pressure mounts

Aster, Midnight, and Ethena are the altcoins with the most losses over the last 24 hours, as the broader cryptocurrency market weakens amid Bitcoin dropping below $86,000. ASTER, NIGHT, and ENA risk further losses as selling pressure mounts and risk-off sentiment spreads across the crypto market.

Ethereum Price Forecast: BitMine acquires 102,259 ETH as price plunges 5%

Ethereum Price Forecast: BitMine acquires 102,259 ETH as price plunges 5%

Ethereum (ETH) treasury company BitMine Immersion scaled up its digital asset stash last week after acquiring 102,259 ETH since its last update. The purchase has increased the company's holdings to 3.96 million ETH, worth about $11.82 billion at the time of publication.

Strategy scoops about $1 billion in Bitcoin for second consecutive week

Strategy scoops about $1 billion in Bitcoin for second consecutive week

Bitcoin (BTC) treasury and financial intelligence firm Strategy expanded its holdings following another round of weekly accumulation.

Orange Juice Newsletter – Smart insights by real people. Every day.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.