Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple – American Wrap 29 June


Bitcoin Price Prediction: BTC/USD is close to a strong move above $10,000 as the number of Bitcoin inside exchanges keeps dropping

Bitcoin is currently trading at $9,130 after a negative weekend. Bears managed to crack $9,000 and BTC/USD dropped as low as $8,800 on some exchanges. However, the move didn’t last long and bulls were able to buy the dip and recover above $9,100. Bitcoin is still in a daily downtrend but $9,000 has proved to be a strong support level.

Ethereum Technical Analysis: ETH/USD drops to $216 hitting a monthly low indicating imminent trend reversal

Ethereum is currently trading at $226 after failing to defend the last daily low of $225. Unfortunately, bulls have lost the daily uptrend even though Ethereum has recovered from the $216.37 dip. 

Ripple Technical Analysis: XRP/USD plummets down to $0.169, XRP could be doomed

While the entire crypto market suffered a dip on June 27, it’s clear that XRP is almost always the most affected coin. Every crash, XRP crashes further, and then, when it’s time to recover, it’s weaker. Basically, with every recovery, XRP is a little lower than before losing its market capitalization dominance while Bitcoin cash inches closer to the top 4. 

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Bitcoin: SEC commissioner cozies up to BTC ETF, on-chain metrics reset making way for volatile move

Bitcoin adoption takes off as institutions continue to jump on the digital currency bandwagon. PayPal co-founder Peter Thiel labels BTC as China’s “Financial Weapon” against the U.S. dollar. Bitcoin price could be due for a massive move as key on-chain metrics reset and others turn bullish.

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XRP price shows that business is good for Ripple despite US legal uncertainty

Ripple partner Novatti went live earlier today, generating cross-border transactions to the Philippines. The initial focus of this partnership is to target remittances between Australia and the Southeast Asian region.

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Zilliqa aims for $0.26 as the odds flip in favor of the bulls

Zilliqa price is contained inside an ascending broadening wedge pattern on the 4-hour chart. It intends to establish a higher low and confirm an uptrend. ZIL must stay above a crucial support level to see a potential 27% upswing.

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Elrond introduces ORAO Network to ecosystem

Elrond price is contained inside an ascending wedge pattern on the 4-hour chart. The digital asset defended a crucial support trend line and aims for a significant rebound. Elrond will use the ORAO Network to feed smart contracts onto its platform.

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Bitcoin Weekly Forecast: SEC commissioner cozies up to BTC ETF, on-chain metrics reset making way for volatile move

Bitcoin’s mainstream adoption has soared over the last couple of months, with institutions like Visa, Goldman Sachs, Morgan Stanley, and others dipping their toes in the BTC markets. Likewise, prices look primed to advance further despite the ongoing consolidation phase.

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