Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Siacoin – American Wrap 24 June

FXStreet Team FXStreet

Bitcoin Price Outlook: Venezuela will accept Bitcoin payments for passport procedures, will it boost BTC/USD?

Bitcoin is currently trading at $9,300 after a peak of $9,670. Bulls couldn’t defend the daily 12-EMA at $9,463 or the 26-EMA at $9,444. The next support level is established at $9,170 as the last higher low of the current uptrend.

Ethereum Price Prediction: ETH/USD at risk of losing $230 after a massive 5% crash

Ethereum has lost most of its gains on June 22 after a significant price collapse to $231. Buyers are holding the daily 26-EMA at $232 for now but there is a significant risk of losing $230 and re-testing the low of June 20 at $225.62.

Siacoin Technical Analysis: SC/USD dropped 25% but the uptrend is still intact

Siacoin has lost some of its gains but it’s not a surprise considering the magnitude of the bull run. The peak happened on June 16 at $0.0043, but even now at $0.0031, SC/USD is up by more than 300% since the low on March 14.

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Dogecoin ticks lower as low Open Interest, funding rate weigh on buyers

Dogecoin extends its decline as risk-off sentiment dominates across the crypto market. DOGE’s derivatives market remains weak amid suppressed futures Open Interest and perpetual funding rate.

Crypto Today: Bitcoin, Ethereum, XRP decline as risk-off sentiment escalates

Bitcoin remains under pressure, trading above the $87,000 support at the time of writing on Tuesday. Selling pressure has continued to weigh on the broader cryptocurrency market since Monday, triggering declines across altcoins, including Ethereum and Ripple.