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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & TRON – European Wrap 9 April

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & TRON – European Wrap 9 April
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Analysis: BTC/USD may retest $10,000 in May

BTC/USD hit the intraday high at $7,374 and retreated to $7,270 by press time. The first digital coin has been consolidating gains in a tight range after it had broken above $7,000.  Despite that the upside momentum faded away on approach to $7,500 on Wednesday, BTC/USD is still well-positioned to continue the long-term recovery.

BTC/USD

Ethereum Price Analysis: ETH/USD short-term fate hinges of daily SMA200

ETH/USD recovered from the intraday low of $168.42 and settled at $173.40. The coin has gained 1.1% in the recent 24 hours as the upside momentum has resumed after a short-term consolidation period. The second-largest digital asset has a market value of $19 billion, while an average daily trading volume has exceeded $14 billion. 

TRON Price Analysis: TRX/USD faces a strong resistance at $0.01400

TRX is the 16th largest digital asset with the current market value of $907 million. The coin has settled at $0.0136 and stayed mostly unchanged since the beginning of Thursday and on a day-to-day basis. TRX/USD hit the intraday low at $0.0130 on April 8 but managed to regain the ground amid improved sentiments.

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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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