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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Tron – Asian Wrap 24 Sep

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Tron – Asian Wrap 24 Sep
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Forecast: BTC downside capped at $9,700

BTC has flashed a buy signal in the 12-hour chart. Bitcoin has dropped from $11,085 to $10,265 over the last five days, falling below the symmetrical triangle formation in the process. This Wednesday, the price tumbled down after encountering resistance at the SMA 20 curve.

Ethereum Price Prediction: ETH rebound to $360 in the offing

Ethereum has been on an unstoppable breakdown following yet another rejection from levels around $390. While several support zones, including $380, $360 and $340 failed to hold during the downtrend, the smart contracts giant token has embraced support at $310. This is the second time Ether is trading lows of $310 in September.

Tron Technical Analysis: TRX downside capped at $0.024

TRX is priced around $0.025 as the bears managed to eke out an advantage this Wednesday. Over the last three weeks, the price has dropped from $0.04 to $0.025, charting a 37.5% drop in valuation.The 4-hour price has failed to have a bullish breakout from the descending wedge pattern.

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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.

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Bitcoin stalls despite strong market activity across traditional assets

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Bitcoin: Bulls hold the line

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.