Cryptocurrencies price prediction: Bitcoin, Ripple & Bitcoin Cash - Asian Wrap 14 Jan


Bitcoin Price Prediction: Will BT/USD finish above the $8,500 psychological level by EOD?

BTC/USD jumped from $8,105 to $8,395, as the bulls have an eye on the $8,500 psychological level. The daily confluence detector shows us that there is a lack of resistance levels on the upside, which could push the price past the $8,500 level. On the downside, there is a healthy support level at $8,200. $8,200 has the one-day Previous High, one-week Fibonacci 23.6% retracement level, 15-min and four-hour Bollinger Bands.

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Ripple Price Analysis: XRP/USD bulls return to action, all eyes on $0.22

As expected in the previous analyses, XRP bulls refused to remain in the ‘crypto’ longer than it was necessary. The losses experienced the entire weekend and on Monday saw XRP test $0.20 support. Luckily, the overwhelming support at this point put XRP in the previous upward trajectory, maintaining an uptrend above the accelerated trendline (dotted line).

 

Bitcoin Cash Price Analysis: BCH/USD soars 5% amid a general bullish comeback

The cryptocurrency market is painted green everywhere following a comeback by the bulls to revenge the battering they endured the entire weekend and on Monday. Bitcoin Cash has not been left behind, besides the crypto asset is trading 5.27% higher towards the end of the Asian session on Tuesday.

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BTC/USD risks a drop to $10,500 amid bearish technical set up

Bitcoin (BTC/USD) reversed Friday’s temporary reversal and resumed the previous bounce on Saturday, only to find stiff resistance once around the $10,800 region. A potential rising wedge formation spotted on the hourly chart. Acceptance below 10,693 could revive the bearish bias.

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Cardano Price Prediction: ADA bulls to regain control amid golden cross on hourly chart

ADA/USD consolidates the pullback from three-month lows on Saturday. Golden cross formation spotted on the hourly chart; RSI still bullish. Bulls are likely to regain control, eyeing a break above $0.10 mark.

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NEO Technical Analysis: A test of 200-HMA likely on NEO’s road to recovery

NEO/USD witnessed good two-way businesses on Friday, having finally settled in the red after fading a spike above the $23 mark. The buyers have regained control this Saturday, allowing a tepid bounce in the spot.

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Ripple Price Forecast: XRP flashes sell signal in the hourly chart – Confluence Detector

XRP/USD has had three straight bullish sessions. XRP daily confluence detector shows moderate-to-strong resistance at $0.245. On the downside, there are two healthy support levels at $0.2425 and $0.24.

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Bitcoin Weekly Forecast: Keep calm and HODL on until the USA elects the president

Bitcoin (BTC) partially regained the losses incurred at the beginning of the week; however, the upside momentum is still too weak to take the price out of the bearish territory and ensure a sustainable recovery. 

Read the weekly forecast

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