Cryptocurrencies price prediction: Bitcoin, Ripple & Dash - Asian Wrap 16 Jan

Bitcoin Price Prediction: BTC/USD bulls lack momentum to break past $9,000

The bears have taken control of BTC/USD as the market goes through a period of correction. The confluence detector shows us that there are still no strong resistance levels on the upside, holding the price down. On the downside, there are two healthy support levels at $8,620 and $8,475.



XRP/USD holds above $0.22 support amid widespread correction

Ripple is facing growing resistance and selling pressure on Thursday. The Asian session has been characterized by losses to the tune of 3.58%. XRP recently pushed to new 2020 highs at $0.2444. However, an immediate correction that seemed imminent is underway.


Dash Price Analysis: Following some monumental bullish days, the bears finally take control

DASH/USD has fallen from $133.65 to $122.35 in the early hours of Thursday. The bears have stepped in to correct the price after six consecutive bullish days, wherein the DASH/USD spiked from $50.70 to $133.65. 

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Bitcoin breaking out of big bearish pennant

BTC/USD is currently trading at $8,650 (-1.50%) in the afternoon in U.S. hours, price action breaking out to the downside. ETH/USD is currently trading at $167.95 (+0.10%), as the price continues to move within consolidation mode. 

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Litecoin Market Overview: LTC/USD range tightens pre-breakout

Litecoin, just like many other cryptocurrencies is dealing with a sell-off that started earlier this week. The rally on Sunday last week reclaimed support above $60. However, the momentum ran out of steam short ...

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IOTA/USD deals with a devastating 6% plunge

IOTA has been dealing with choppy markets the entire week. Consolidation commenced following the failure to break the resistance at $0.255. The resistance has been impenetrable even though it has been tested on several accounts. 

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Bitcoin Gold Price Analysis: BTG/USD falls below the $10.50 level

BTG/USD is on course of charting a third straight bearish day. So far this Thursday, BTG/USD fell from $10.75 to $10.37, falling below the $10.50 level, in the process. This three-day downward spiral got triggered ...

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Bitcoin Weekly Forecast: Bulls piggy-back on altcoins rally

This week was marked by a strong altcoins rally on the cryptocurrency markets. Bitcoin SV (BSV) and Dash experienced the sharpest price increase over 100% in recent seven days...

Read the weekly forecast