Cryptocurrencies price prediction: Bitcoin, Ripple & Bitcoin Cash - Asian Wrap 04 Dec

Bitcoin price prediction: Complete absence of strong support levels could lead to the price plummeting below $7,000

The price of BTC/USD has dropped from $7300.95 to $7,170.75 in the early hours of Wednesday. The daily confluence detector shows a lack of any healthy support levels, indicating that the price may drop even further. Resistance levels lie at $7,260, $7,315 and $7,360.



XRP/USD manages to hold the 0.22 level

Ripple is still recovering from the massive price fall on the higher timeframes. The bulls heavily defended the 0.20 level and now the price has managed to settle at 0.22. The daily candles are still looking bearish but on the hourly chart, the price has moved into the wedge pattern shown below.


BCH/USD bearish flag pattern break threatens return to $190

The cryptocurrency space is forced to deal with acute selling pressure mid-through the week’s trading. The declines' streak has not slowed down since Friday last week. For instance, Bitcoin Cash revisited $210 support from highs around $228. A shallow recovery tested $215 but failed to push towards $220 crucial hurdle.

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Crypto Today: Calm between the storm? Schiff says look out below, Dash, Monero stand out

Bitcoin in mid-range, BTC/USD is trading just below $7,400 after experiencing rises and falls of hundreds of dollars within days. Peter Schiff, a life-long crypto skeptic, said that pumpers and dumper have lost the plot, and added: "Look out below".

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Ethereum Price Analysis: ETH/USD bumps into $148.00, waits for new drivers

ETH/USD has recovered to $148.00 on Thursday; however, the upside momentum has faded away during early Asian hours. The second largest coin with the current market capitalization of $16.2 billion has settled in a tight range limited by $148.00 on the upside.

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Monero Price Analysis: XMR/USD rises from the ashes

Monero is arguably the biggest single-digit gainer on the first Friday of December. The crypto has increased in value by 2% on the day after opening the trading session at $55.01. 

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Bitcoin Cash price analysis: BCH/USD market momentum turns from bearish to bullish

BCH/USD is on course of charting its second straight bullish day. Currently, the price has gone up slightly to $211.75 and is floating below the 20-day Simple Moving Average (SMA 20), SMA 50 and SMA 200 curves. 

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Bitcoin Weekly Forecast: It's all about whales again

On the cryptocurrency market, regulators, governments and central bankers and other big names like that are inferior to whales when it comes to generating trends and price movements.

Read the weekly forecast