Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple – European Wrap 24 April

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Bitcoin Price Prediction: Road to $8,000 may be bumpy – Confluence Detector

Bitcoin (BTC) has been hovering above $7,500 on Friday. A strong upside momentum on Thursday caused by BitMEX liquidations ahead of CME Bitcoin futures expiry, helped the coin to break above strong psychological resistance $7,000 and hit the highest level in the recent month $7,748. While BTC/USD retreated from the peak, many traders expect further recovery ahead of the halving event that will take place in May. However, the trip to the North is riddled with barriers and hurdles that may cause setbacks and discourage short-term bulls.

Ethereum Price Analysis: ETH/USD is within an arm's distance from $200.00, ready bullish breakthrough

At the time of writing, ETH/USD is changing hands at $188.4 with over 4% gains since this time on Thursday. Ethereum is moving within a short-term bullish trend and the upside momentum stays strong, however, it is still below the intraday high $189.98. Ethereum's market value reached $20.9 billion while its average daily trading volume is $20.4 billion.

Ripple Weekly Forecast: XRP/USD journey to $0.30 in May begins

Ripple was not the best-performing cryptocurrency among the top thirty coins in 2019 and the first quarter of 2020. Besides, some have called it out for lagging behind every bullish price action in the market but falling with a margin during bearish moves such as the one in mid-March; XRP/USD spiraled to $0.11 as Bitcoin dived to $3,800. However, while Bitcoin has recovered to levels above $7,500, XRP/USD is stuck under $0.20.

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Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as investors turn more risk-averse

The cryptocurrency market trades under intense headwinds on Wednesday, led by Bitcoin’s (BTC) deepening sell-off below $60,000. The Crypto King hovers above $58,000.

Pi Network holds on thin ice with 76 million tokens ready to be unlocked

PI is holding steady around $0.1150 on Wednesday, stabilizing after three consecutive days of losses of around 10%. Pi remains under pressure, with more than 76 million tokens scheduled for unlocking in June, potentially accelerating the bearish trend.

Bitcoin sinks to 21-month low amid ETF outflows, US-Iran peace uncertainty

Bitcoin stabilizes around $59,000 after falling to a 21-month low of $57,800 on Wednesday. Geopolitical uncertainty remains elevated after Iran ruled out talks with US envoys, clouding prospects for a peace agreement and keeping risk sentiment fragile.

Jupiter positions for a trend reversal as network activity picks up

Jupiter is up 6% on Wednesday, crossing above its 200-day EMA at $0.2192. Network data shows a spike in monthly revenue and fees in June to a three-month high.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin has remained under pressure this past week, losing over 5% as traders assess mixed signals from different parties involved in the Middle East conflict.