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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple – European Wrap 15 May

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple – European Wrap 15 May
FXStreet TeamFXStreet TeamFXStreet

BTC/USD: Bitcoin may retest $7,500 if the bears regain the control

Bitcoin recovered from the intraday low of $9,236 to trade at $9,550 at the time of writing. Despite the recovery, the first digital asset has lost over 2% since the start of the day amid strong bearish sentiments that replaced the optimism after a failed attempt to break above $10,000 on Thursday.

BTC/USD

Ripple Weekly Forecast: XRP/USD Braces For Consolidation at $0.20 as XRP adoption escalates

Cryptocurrencies across the board are dealing with increased selling activities. May was one of the most anticipated months of 2020 due to Bitcoin halving. Trading has been quite eventful with Bitcoin initially pulling the entire market upwards with a pre-halving rally to above $10,000. However, the rally culminated in acute losses last weekend as Bitcoin once again slumped to $8,100.

XRP/USD price chart

Ethereum Price Analysis: ETH/USD flat out at $200 after rejection from 100 SMA

Ethereum price is pivotal $200 level after soaring to highs above $205. The bullish momentum which was triggered by Bitcoin’s surge towards $10,000 hit a wall at the 100 SMA in the 4-hour range. A retreat from the weekly highs failed to find support at $200, culminating in an extended action to $197 (intraday low). For now, the price has recovered slightly but still unable to overcome the seller congestion zone at $200.

ETH/USD

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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.

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Cardano Price Forecast: ADA extends gains after Mastercard deal, Leios testing

Cardano Price Forecast: ADA extends gains after Mastercard deal, Leios testing

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Crypto Overview: Bitcoin reclaims $80,000 – Venice Token and NEAR Protocol rally

Crypto Overview: Bitcoin reclaims $80,000 – Venice Token and NEAR Protocol rally

Bitcoin is trading above $81,000 holding firm after a 6% surge on Friday, linked to US financial watchdogs' efforts to structure crypto assets under existing rules following the CLARITY Act's failure to advance. Venice and NEAR Protocol have posted double-digit gains over the last 24 hours, scaling to fresh annual highs.

Top 3 Price Prediction: BTC extends gains, ETH and XRP advance in uptrend

Top 3 Price Prediction: BTC extends gains, ETH and XRP advance in uptrend

Bitcoin, Ethereum, and Ripple extend their gains after posting strong gains of over 5%, 6% and 5%, respectively, last week. BTC trades above $81,300, ETH climbs above $2,600, and XRP holds above the key $1.300 support level. All three momentum indicators suggest early bullish momentum and hint at further gains ahead.

Bitcoin pushes above $81K, faces liquidation test between $83K and $86K

Bitcoin pushes above $81K, faces liquidation test between $83K and $86K

Bitcoin (BTC) rose above $81,000 on Friday after climbing back above the True Market Mean, signaling that the market could potentially have moved back into a bullish regime. The True Market Mean, at $76,660, represents the average price paid by active trading participants. BTC’s move back above the level often signals a return to bullish territory and can trigger positive short-term sentiment.
Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin (BTC) price action has remained resilient this week, trading above $78,000 at the time of writing on Friday, heading toward a key resistance zone. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) on track for a second straight week of outflows, with over $420 million recorded through Thursday amid escalating Middle East tensions.