Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple – American Wrap 9 July


Bitcoin Price Prediction: BTC/USD should climb above $100,000 by 2021 according to the S2F model

Bitcoin has been flat for the past two months trading between $9,000 and $10,000 without a clear direction. Bitcoin has experienced a few fakeouts to the upside and the downside and continues trading sideways. It’s unclear where Bitcoin is headed next, however, according to the famous S2F Model, BTC should be getting closer to $100,000.

Ethereum Technical Analysis: ETH/USD drops below $240 again but maintains the daily uptrend

Ethereum had a nice rally towards $250 but seems to have failed to crack the crucial level again. The next 24 hours are going to be really important for Ethereum as bulls need to hold the daily 12-EMA at $235.32 to not lose momentum. 

Ripple Technical Analysis: XRP/USD aiming to climb above $0.235 but needs to consolidate first

XRP is seeing even more continuation after the surge towards $0.207 on July 8. The daily RSI is on the verge of overextension, and the trading volume keeps increasing. XRP/USD breached above a long-term trendline formed on the daily chart and seems to be ready to crack the last high at $0.235.

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BTC/USD resumes the recovery, $12,000 back in focus

Bitcoin extended the recovery and hit the intraday high of  $11,617, At the time of writing, BTC/USD is changing hands at $11,570 with over 3.5% gains since the start of the day. 

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XRP/USD under $0.3000 after Ripple announces the investment in XRPL Lab

Ripple's XRP dropped below $0.30 after a failed attempt to settle above $0.3200 during early Asian hours. The coin has lost over 4% in the recent 24 hours and stayed mostly unchanged since the beginning of the day. 

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ETH/USD back on recovery track, $400.00 in focus

Ethereum, the second-largest digital asset came close to $400. If this psychological barrier is cleared, the price may retest the recent high of $415 and continue the recovery towards $450.

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Altcoin Market Update: ETC and XLM face continual bearish correction

ETC/USD bears stayed in control for the fourth straight day. ETC/USD is currently priced at $7.13. The sellers are looking to get the price below the $7-level.The RSI is trending horizontally around 59.46.

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Bitcoin Weekly Forecast: Fasten your seatbelts, next stop is $12,000

Bitcoin has had its best week since mid-2019. The first digital currency gained over 18% in a single week and hit the new highest level of 2020. At the time of writing, BTC/USD is changing hands at $11,358 and the upside momentum is gaining traction as Bitcoin bulls are pushing at the upper line of the weekly Bollinger Band. 

Read the weekly forecast

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