Cryptocurrencies price prediction: Bitcoin, Ethereum & Ripple– European Wrap – 26 March


Bitcoin Price Analysis: BTC mining difficulty is set to decrease by 15.95% - bulls should adopt the ready position

Bitcoin has barely moved in recent 24 hours. The first digital asset is changing hands at $6,600 with no clear short-term direction. BTC/USD hit the intraday high at $6,795, but the upside momentum faded away quickly. According to the data provided by Intotheblock, there is a cluster of  BTC addresses that has a break-even point in the range from $6,600 to $6,800, which makes this area particularly tough for the bulls.

 

Bitcoin

Ripple Price Analysis: XRP/USD hibernates in a tightening range as Ripple donates $200 000 to fight coronavirus

Ripple's XRP is hovering marginally above $0.1600, mostly unchanged since the beginning of the day. The coin has been locked in a tight range recently as the market ground to a halt after sharp movements. Ripple's market value is registered at $7 billion, while its average daily trading volume exceeded $2 billion.

XRP/USD

Ethereum Price Analysis: ETH/USD may continue drifting lower towards $130.00

Ethereum, the second-largest digital asset with the current market value of $15 billion, hit the intraday high at $138.95 before retreating to $134.82. The coin is locked in a tight range with a mild bearish bias, moving in sync with the market. Since the beginning of the day, ETH has lost over 1%. 

 

ETH/USD

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Bitcoin Price Analysis: Bearish technical signals point to a test of the 6K area

Bitcoin is looking bearish on Wednesday as the price moved 3% lower after rejecting higher levels. The market bounced off the blue trendline and pushed through the 55 and 200 hourly moving averages.

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Ripple Price Analysis: Bearish technical signals could seen XRP to 0.1600

Ripple has had a good run at testing upside targets recently but it seems there was no breaking 0.1800 for now. Now it seems the trendline in black on the chart has been broken to the downside.

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ETH/USD locked in a range; short-term recovery capped by $134.40

ETH/USD is changing hands at $132.00, mostly unchanged both on a day-to-day basis and since the beginning of Wednesday. The second-largest digital asset has been moving within a short-term bearish trend amid high volatility. 

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Monero Price Analysis: XMR pushes higher towards the 50.00 level

Monero has caught a bid late in the US session on Wednesday after trading lower for most of the day. The price has just recently moved through the moving averages (55 & 200) which can be considered a bullish sign. If the black resistance line at 48.20 ...

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Bitcoin Weekly Forecast: Coronavirus will either kill Bitcoin or make it stronger

Bitcoin is about to finish the second positive week in a row. The first digital coin has recovered from $5,680 and came close to psychological $7,000 during the week.

Read the weekly forecast

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