TRENDING:
Oil price
XAU/USD
EUR/USD
Trade War
GBP/USD
Silver
Sponsored by
Login
|

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Stellar Lumens – Asian Wrap 16 Feb

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Stellar Lumens – Asian Wrap 16 Feb
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Analysis: 10-day SMA, short-term support line defend BTC bulls

Bitcoin bulls roll-up their sleeves to attack the record top of $49,700 while picking up the bids near $48,190 during the early Tuesday’s trading. In doing so, the cryptocurrency major extends the previous day’s U-turn from a one-week low, around the 10-day SMA, while staying above an upward sloping trend line that connects January’s top and Wednesday’s bottom.

Ethereum Price Analysis: Lower high on D1 probes ETH bulls eyeing $2,000

Ethereum is preparing for a bullish breakout while taking the bids near $1,795 amid the initial Tuesday. In doing so, the altcoin rises for the first time in the last four days while attacking the latest lower-high formation on the daily (D1) chart.

XLM price targets a rebound towards $0.70 after defending critical support level

Stellar climbed above the 26-EMA on the 12-hour chart on January 28 and hasn’t lost the support level since then. In the past 24 hours, the entire cryptocurrency market suffered a massive sell-off, but XLM bulls managed to hold the 26-EMA once again, with a significant 27% rebound.

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

Ripple falls below $1.20 despite Africa stablecoin payments push

Ripple falls below $1.20 despite Africa stablecoin payments push

XRP corrects to trade below $1.20 following early-week rejection at $1.28 and broader crypto market weakness. XRP remains under pressure from declining major moving averages, undermining the MACD buy signal.

Crypto Today: Bitcoin, Ethereum, XRP trim breakout gains as focus shifts to Fed decision

Crypto Today: Bitcoin, Ethereum, XRP trim breakout gains as focus shifts to Fed decision

Cryptocurrency prices broadly decline as investors show caution toward risk assets ahead of the Fed's interest rate decision on Wednesday. Bitcoin (BTC) holds around $65,000 after correcting from its Monday high of $67,292.

Ondo Price Forecast: Multiple trendline rejections, fading bullish momentum warn of a steeper correction

Ondo Price Forecast: Multiple trendline rejections, fading bullish momentum warn of a steeper correction

Ondo price hovers around $0.3700 at press time on Wednesday, maintaining a broader corrective phase under the influence of a resistance trendline. Retail demand for ONDO remains firm, driven by the tokenization trend for traditional stocks and other Real World Assets.

Bitcoin steadies near $66,000 as markets await first Warsh-led Fed decision

Bitcoin steadies near $66,000 as markets await first Warsh-led Fed decision

Bitcoin steadies near $66,000 at the time of writing on Wednesday as investors await the Fed’s interest rate decision. Institutional demand shows slight improvement as spot Exchange Traded Funds recorded a mild inflow on Tuesday, after weeks of outflows.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.