Cryptocurrencies price prediction: Bitcoin, Ethereum & Tron - Asian Wrap 7 Oct


Bitcoin price prediction: BTC/USD dives below $8,000, danger ahead

Bitcoin (BTC) is in a dangerous position as the price slipped below critical support level of $8,000 during early Asian hours. If the breakthrough is confirmed, the downside momentum will gain traction with the next focus on $7,700.

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Ethereum market update: ETH/USD follows Bitcoin's lead, loses 2%

ETH/USD is range-bound with bearish bias during early Asian hours. The second-largest digital coin with the current market value of $18.9 billion has lost about 2% of its value since the beginning of the day to trade at $173.18 at the time of writing

 

TRX/USD gains 3.5% after a strong resistance of $0.0150 gives way

At the time of writing, TRX/USD is changing hands at $0.0152. The coin has gained over 3.5% of its value in recent 24 hours and stayed unchanged since the beginning of the day. TRX is one of the best-performing altcoins out of top-20.

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Bitcoin Chart Analysis: Symmetrical triangle breakout to power BTC/USD above $9700

BTC/USD has charted a symmetrical triangle breakout in the last hour, opening doors for a test of the pattern target at 9746. Despite the bullish breakout, its likely to remain an uphill task for the bulls to achieve the target, given a bunch of healthy resistance levels. 

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XRP/USD: Path of least resistance appears to the downside

XRP/USD is struggling to extend its recovery beyond 0.20 on Saturday, as the bulls remain in a wait-and-see for the fourth straight session. While extending the range play, the bears are seen fighting back control, as suggested by the near-term technical set up.

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BCH/USD: Bulls eye $280 amid falling wedge breakout

Bitcoin Cash (BCH/USD) is consolidating the latest uptick to a daily high of 257.50, having recovered losses following a dip to 253.47. The No. 5 coin has charted a bullish breakout on the hourly chart. The bulls look to extend the upside break to $280.   

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Crypto Market Update: Ethereum outperforms its main rivals on the road to recovery

Crypto bulls are trying hard to extend the recovery on Saturday. Ethereum outperforms Bitcoin and Ripple, looking to settle the week with 4.50% gains. The top 2 widely traded coins are poised for additional upside.  

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Bitcoin Weekly Forecast: BTC/USD needs to go down again before it goes up

After a head-spinning volatility at the beginning of the week, BTC/USD settled above $9,600 with minor gains on a week-on-week basis. A shall Doji candle on a weekly chart is an alarming signal that the bulls are exhausted by uncertainty and large price swings. 

Read the weekly forecast

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