Cryptocurrencies price prediction: Bitcoin, NEO & Ripple – European Wrap – 12 February


Bitcoin bulls inspired by Jay Powell's comments; $11,000 is the next major aim

BTC/USD is changing hands at $10,273, off the recent high reached at $10,485. The first digital currency has gained over 5% in recent 24 hours amid a strong bullish rally across the market. Notably, Bitcoin's market share dropped below 63% to 62.6% as many top altcoins demonstrated more spectacular results.


Bitcoin

NEO Price Analysis: NEO/USD moves within a long-term bullish trend; $15.00 within reach

NEO, the 19th largest digital asset with the current market capitalization of $1.03 billion has gained nearly 12% in the recent 24 hours amid strong bullish momentum. The coin hit $14.69 during early Asian hours, which is the highest level since July 2019. While the actual factors behind NEO's spectacular growth remain unknown, the coin is moving in sync with the bullish sentiments on the market.

 

NEO

XRP/USD jumps above $0.2900 as Ripple boasts a partnership with the National Bank of Egypt

Ripple's XRP, the third-largest digital asset with the current market value of $12.5 billion has been gaining ground during early Asian hours. At the time of writing, XRP/USD is changing hands at $0.2880, off the recent high of $0.2922. The coin surpassed $0.2900 for the first time since early November 2019.

 

Ripple

 

 

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Bitcoin Price Prediction: BTC/USD bulls try to take back control after a bearish Monday

$9,702.80 to $9,736. This follows a heavily bearish Monday wherein the price fell from $9,922.30 to $9,702.80. As per the confluence detector, the bulls will need to overcome two strong resistance levels at $9,745 and $10,040.

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Ripple Price Analysis: XRP/USD bulls match to jumpstart rally to $0.35

Ripple is making a comeback towards the broken support at $0.30. The recovery follows a slump from highs marginally under $0.35 to lows of $0.27119. The Bollinger bands daily middle curve formed ...

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ETH/USD tug of war at $270 intensifies as $280 beckons

Ethereum managed to stay above the support at $240 during the bearish Monday. Also contributing to the support was the long term ascending trendline. The recovery from the support has been steady enough to hit levels slightly above $270. 

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XMR/USD bulls make a comeback after finding support on the SMA 20 curve

XMR/USD bulls jumped up from the support provided by the SMA 20 curve to rise from $82.68 to $83.13. Before this, the market suffered from three straight bearish days following its repeated failure to ...

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Bitcoin Weekly Forecast: BTC bulls brace for jump to $11,000

Bitcoin (BTC) has been growing for three weeks in a row. The first cryptocurrency hit $10,504 on Thursday - the highest level of 2020.

Read the weekly forecast

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