TRENDING:
US CPI
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

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

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

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.

Author

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

More from FXStreet Team
Share:

Editor's Picks

Cardano Price Forecast: Approaches critical support as correction risks grow

Cardano Price Forecast: Approaches critical support as correction risks grow

Cardano (ADA) recovers slightly, trading at $0.206 at the time of writing on Friday, inches above the critical support zone after losing more than 6% so far this week. Weakening derivatives data and fading bullish momentum suggest a bearish near-term outlook, with a decisive close below the support zone potentially triggering a deeper correction for ADA.
Crypto Overview: Bitcoin slips below $77,000 – Raydium, Falcon Finance hold gains

Crypto Overview: Bitcoin slips below $77,000 – Raydium, Falcon Finance hold gains

Bitcoin price trades below $77,000 on Friday, extending its capitulation from the previous week’s high at $82,300. Broader market consensus points to a higher likelihood that the US Federal Reserve could raise interest rates at the September meeting, as inflation concerns rise amid the war with Iran.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC pullback, ETH stalls, XRP weakens

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC pullback, ETH stalls, XRP weakens

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) remain under pressure on Friday as the broader cryptocurrency market extends its losses over 4%, 2.5% and 5%, respectively, this week.
Ethereum Price Forecast: ETH holds above $2,400 as PPI data strengthens rate hike expectations

Ethereum Price Forecast: ETH holds above $2,400 as PPI data strengthens rate hike expectations

Ethereum (ETH) is down 0.7% on Thursday as the second-largest cryptocurrency looks to recover from earlier pressure following the release of stronger US inflation data. The Producer Price Index (PPI) for final demand rose 0.4% in August, matching market expectations after a revised 0.1% increase in July, according to the US Labor Department.
Bitcoin: Gearing up for a sharp move

Bitcoin: Gearing up for a sharp move

Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.