|

Cryptocurrencies Price Prediction: Bitcoin, IOTA and NEO – European Wrap 6 November

Bitcoin Price Analysis: BTC enters danger zone as investors grow “extremely greedy”

Bitcoin (BTC) broke above the psychological barrier of $15,000 and stopped within a whisker of $16,000 during early Asian hours on Friday. The pioneer digital currency hit the highest level since January 2018. Bitcoin's average daily trading volume settled at $75 billion, while its market share increased to 65.5%, which is the highest level since June. On a day-to-day basis, the coin gained nearly 10%, while the weekly gains amounted to 19%. Read more...

BTC/USD

IOTA Price Analysis: IOT on the cusp of remarkable bull run

IOTA is nurturing an uptrend from a recently established support at $0.23. Before the anchor, the token was rejected from the crucial resistance at $0.3. Bullish efforts to keep it above the support at $0.26 went down the drain as bears swung into action, taking control over the price. However, recovery appears to be brewing amid rising buying pressure. Read more...

IOT/USD price chart

NEO Technical Analysis: NEO liftoff to $20 seems imminent

NEO resumed the uptrend after the downtrend lost momentum at $14. An ongoing recovery has already pulled the cryptoasset to $15. If buy orders continue to increase, NEO is likely to climb to levels above $20. For now, bulls are in the cockpit with the throttle in their hands, ready for takeoff. Read more...

NEO/USD price chart

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

XRP extends breakout as ETF inflows, futures demand drive momentum

Ripple rises on Friday to trade above $1.40 as bulls aim for a continuation of the rally above $1.50. The remittance token is up by more than 12% on the day and over 40% since Monday, reinforcing the bullish outlook.

Bitcoin Weekly Forecast: The US Treasury saves BTC

Bitcoin extends gains, trading above $77,000 on Friday after rallying over 20% and reaching its highest level since mid-May. Crypto markets continue to cheer the US Treasury’s decision to double its debt buyback operations, posting their 7th-largest liquidation event in history.

Chainlink hits seven-month highs amid strong DeFi, institutional demand

Chainlink is up roughly 8% on Friday, pushing the price up over 20% so far this week into double digits. DeFi ecosystem records daily DEX volume of over $9 billion for three consecutive days as TVL rises to $84.76 billion.

Crypto Today: Bitcoin, Ethereum, XRP bulls accelerate rally amid rising ETF inflows

The cryptocurrency market remains bullish on Friday, led by Bitcoin’s surge above $77,000. Altcoins, including Ethereum and Ripple, mirror BTC’s positive outlook, trading near $2,400 and $1.35, respectively.

Bitcoin: The US Treasury saves BTC

Bitcoin extends gains, trading above $77,000 on Friday after rallying over 20% and reaching its highest level since mid-May. Crypto markets continue to cheer the US Treasury’s decision to double its debt buyback operations, posting their 7th-largest liquidation event in history.