Cryptocurrencies price prediction: Bitcoin, Ripple & DASH – European Wrap – 9 January

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Bitcoin Price Prediction: BTC/USD faces setbacks in the journey to $9,000 – Confluence Detector

Bitcoin price is trading significantly higher compared to the lows recorded in December at $6,500. The rejection from the recent high at $8,464 has dealt a blow on the surge from the support established at $7,800. Similarly, the trajectory towards $9,000 is also facing setbacks amid the bearish and volatile cryptocurrency market.

Ripple Price Analysis: XRP/USD reverses gains, $0.20 at risk

Ripple's XRP retreated from the recent high of $0.2255 to trade at $0.2055 at the time of writing. While the coin is still above pivotal $0.20, the upside momentum is fading away. On a day-to-day basis, XRP/USD is down over 3% as the sell-off is exacerbated by the general reversal on the cryptocurrency market.

Dash Price Analysis: DASH/USD bears emerge beneath the 100 SMA

Dash is in the green while the majority of cryptocurrencies are in the red. The digital asset is holding onto the gains accrued on the day whereby its trading 1% from the opening price of $52.44. The only other crypto in the green is Ethereum Classic trading 1.84% higher on the day.

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FXStreet Team

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Ripple risks deeper decline toward $1.00

XRP clings to short-term support at $1.10, but persistent selling pressure leaves it vulnerable to a further 10% drop toward $1.00. XRP remains largely defined by a bearish technical structure, with major moving averages and momentum indicators edging lower.

Crypto Today: Bitcoin, Ethereum, XRP slide as capital outflows persist

The cryptocurrency market is experiencing broad-based declines on Tuesday, as Bitcoin retests support at $62,000, Ethereum extends losses toward $1,600, and Ripple remains anchored near the key $1.10 demand zone.

Bitcoin struggles amid renewed US-Iran peace uncertainty

Bitcoin (BTC) trades below $63,000 at the time of writing on Tuesday as conflicting signals from the US and Iran regarding the progress of peace negotiations continue to fuel geopolitical uncertainty.

MiCA regulations could be the next bullish catalyst for crypto – Georg Harer, co-CEO at Bybit EU

The next bullish narrative for crypto could be MiCA regulations, which could drive liquidity from traditional markets, Bybit EU co-CEO Georg Harer says. Improved regulations could provide guardrails to avoid black swan events like Terra Luna and FTX, thereby limiting volatility.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.