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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. 

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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.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

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Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

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Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

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Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.