TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Cryptocurrencies price prediction: Bitcoin, Ripple & Ethereum - Asian Wrap 06 Feb

Cryptocurrencies price prediction: Bitcoin, Ripple & Ethereum - Asian Wrap 06 Feb
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Prediction: BTC/USD flies up and settles above $9,500

BTC/USD flew up from $9,165.30 to $9,625.25 as bulls took control this Wednesday. The price has settled down to $9,575 in the early hours of Thursday. The daily confluence detector shows us that there is a strong resistance level at $9,580. 

fxsoriginal

Ripple Price Analysis: XRP/USD bears step in this Thursday to correct an overpriced market

XRP/USD dropped from $0.278 to $0.276 in the early hours of Thursday. Before this, the bulls had full control for five straight days, during which XRP/USD flew up from $0.2395 to $0.278. During this upward movement, XRP/USD climbed above the 20-day Bollinger band.

Ethereum Price Analysis: Shots fired as ETH/USD breaks above $200, Can the bulls hit highs at $220?

Ethereum price has not been left behind as it has crossed above the critical $200 barrier for the first time since November 2019. However, the cryptocurrencies live rates show Ethereum bulls starting to feel the pressure from the bears.

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Ripple eyes $1.50 breakout despite softening on-chain activity

Ripple eyes $1.50 breakout despite softening on-chain activity

XRP remains elevated near $1.45 after a sharp spike from the weekly low of $1.31. XRP retains a neutral-to-bullish technical outlook, supported by the RSI and uptrending moving averages.

Zcash Price Forecast: Rally hits nine-year high above $1,000 amid growing shielded demand

Zcash Price Forecast: Rally hits nine-year high above $1,000 amid growing shielded demand

Zcash trades above $1,000 on Friday, building on its 16% gain from the previous day. On-chain data show a steady increase in shielded supply to 4.86 million ZEC tokens, pointing to growing demand for privacy.

Crypto’s $638 million buyback boom may not be as bullish as it looks

Crypto’s $638 million buyback boom may not be as bullish as it looks

Decentralized Finance (DeFi) protocols reportedly spent $638 million to buy back their native tokens in August, up 17% from a year earlier. On the surface, the buyback trend suggests the cryptocurrency industry is maturing fast.

Crypto Today: Bitcoin, Ethereum, XRP recovery takes a breather amid capital inflows

Crypto Today: Bitcoin, Ethereum, XRP recovery takes a breather amid capital inflows

Bitcoin corrects lower toward $80,000 after testing highs at $81,269, supported by $731 million in ETF inflows. Ethereum bulls push to regain momentum, with $2,500 providing immediate support.

Bitcoin: Gearing up for a sharp move

Bitcoin: Gearing up for a sharp move

Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.