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Cryptocurrencies Price Prediction: Bitcoin, Ripple & Binance– American Wrap 26 August

Cryptocurrencies Price Prediction: Bitcoin, Ripple & Binance– American Wrap 26 August
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Weekly Forecast: Exploring 2022, the year of BTC fractals

Bitcoin price shows a tight consolidation on a lower time frame – an ascending parallel channel – that repeats the motif of three larger channels that have developed on higher time frames since the start of 2022. 

XRP price shows an interesting setup that forecasts a shift in trend favoring the bulls. The recent development in Ripple shows that an explosive move awaits, especially if certain conditions are met.
Binance Coin price has been on a retracement move since a local top in early August. During its descent, BNB seems to have formed a bearish head-and-shoulders reversal pattern. While confirmation is yet to arrive, speculators can realize good gains if they get in early, but the risks are also high. 

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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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