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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Bitcoin is at risk of a major sell-off after halving

Bitcoin (BTC) has been rising sharply since the beginning of the week. The first digital coin managed to clear the psychological barrier of $9,000 and hit the intraday high of $9,148.

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Bitcoin Cash on the verge of disaster due to proposed tax on miners

Bitcoin Cash, now the fourth-largest digital asset with the current market value of $6.6 billion has gained over 2.5% since this time on Monday.

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ETH needs another catalyst to continue gains

Ethereum (ETH) has been gaining ground for three days in a row. The coin hit an intraday high at $173.58, but retreated to $172.16 by the time of writing.

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ADA/USD bulls set their eyes on SMA50 weekly

Cardano (ADA) is the tenth-largest digital asset with the current market value of $1.3 billion. The coin has been one of the best-perfroming assets with over 15% of gains in recent 24 hours.

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BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Bitcoin bulls and bear fight gets a tougher edge

The cryptocurrency market started the downside correction after a strong rally initiated by risk reversal play at the beginning of January and reinforced by various altcoin pumps...

Read the weekly forecast

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