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Cryptocurrencies Price Prediction: Bitcoin, Ripple, & EOS – Asian Wrap 05 Jun

Cryptocurrencies Price Prediction: Bitcoin, Ripple, & EOS – Asian Wrap 05 Jun
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Forecast: Can BTC/USD bounce up from good support levels to cross $10,000?

BTC/USD has gone up from $9,780 to $9,815.80 in the early house of Friday. The price has two healthy support levels at $9,700 and $9,300. The former has the one-month Fibonacci 23.6% retracement level, one-day Fibonacci 61.8% retracement level, Previous Week high, one-hour SMA 50 and 15-min SMA 200. 

Ripple Price Analysis: XRP/USD bulls remain in control as the price sludges along

XRP/USD bulls remained in control for the third straight day as the price went up slightly from $0.2042 to $0.2043. The Elliott Oscillator is back in the green following a red session, showing that the market sentiment is slightly bullish. The MACD indicates sustained bullish momentum.

EOS Price Analysis: EOS/USD trends inside the green Ichimoku cloud as bulls aim for the $2.75-level

EOS/USD bulls stayed in control for the third straight day as it went up slightly from $2.722 to $2.7292, as the bulls aim for the $2.75 psychological level. The price is currently inside the green Ichimoku cloud. The MACD shows sustained bullish momentum.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Bitcoin Weekly Forecast: BTC retreats as macro headwinds grow

Bitcoin Weekly Forecast: BTC retreats as macro headwinds grow

Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.
XRP falls toward key support as macro uncertainty, weak momentum cap recovery

XRP falls toward key support as macro uncertainty, weak momentum cap recovery

Ripple (XRP) falls below $1.33 on Friday, marking the third consecutive day of declines. The token continues to track the broader cryptocurrency market downturn, with investors closely monitoring heightened macroeconomic uncertainty ahead of the United States (US) Consumer Price Index (CPI) release and next week’s Federal Reserve (Fed) monetary policy decision.
Crypto Today: Bitcoin, Ethereum, XRP stabilize at lower levels amid ETF outflows and macroeconomic risks

Crypto Today: Bitcoin, Ethereum, XRP stabilize at lower levels amid ETF outflows and macroeconomic risks

The broader cryptocurrency market is rising on Friday, with Bitcoin (BTC) trading above $77,000 after testing lower support near $76,500. Ethereum (ETH) shows signs of stability, hovering above the support provided at $2,400 despite capped upside at $2,500. Meanwhile, Ripple (XRP) holds above $1.33 after three straight days of declines, reflecting growing headwinds due to macroeconomic uncertainty.
Bitcoin pulls back as another golden cross fails to deliver

Bitcoin pulls back as another golden cross fails to deliver

Earlier this week, Bitcoin formed a golden cross, a technical signal that occurs when the price’s 50-day moving average rises above the 200-day moving average and is conventionally viewed as a precursor to a bullish rally. Historically, however, that’s often not been the case.
Bitcoin: BTC retreats as macro headwinds grow

Bitcoin: BTC retreats as macro headwinds grow

Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.