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 (BTC) bulls surrender $8,000, move towards $7,800

Bitcoin (BTC) bulls attempted a recovery but failed to hold the ground above $8,000. A strong sell-off during early Asian hours took the price below the pivotal handle towards the intraday low of $7,869.

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NEO price analysis: NEO/USD locked in a range amid growing bearish pressure

NEO, currently the 22nd largest coin with the total market value of $500 million, has gained about 1.2% in recent 24 hours to trade at $7.0 at the time of writing. Since the beginning of Friday, NEO/USD has lost 2.3%. 

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Ethereum price update: ETH/USD makes a quick return to $170

Ethereum bears are making a quick return to $170 after the bullish action staged on Thursday failed to successfully target $180 resistance level. It is likely that the crypto market will usher in the weekend sessions in losses. As for Ethereum, the price is teetering at $173.73 amid a strengthening bearish momentum.

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Litecoin market update: LTC/USD gazes into a bottomless pit

The cryptocurrency market suddenly turned bearish on Friday. Although the Asian session was characterized by intense pressure on support areas, most of the damage has been made during the current European session.

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Bitcoin Weekly Forecast: Nothing to crow about

Bitcoin (BTC) attempted a recovery above $8,400 and resumed the decline into the end of the week.

Read the weekly forecast

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