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Cryptocurrencies price prediction: Bitcoin, Ripple & Ethereum - Asian Wrap 10 Jan

Cryptocurrencies price prediction: Bitcoin, Ripple & Ethereum - Asian Wrap 10 Jan
FXStreet TeamFXStreet TeamFXStreet

Daily confluence detector shows a lack of healthy support levels, BTC/USD may drop more

BTC/USD is currently priced at $7,812.70. This follows a heavily bearish Thursday, wherein BTC/USD fell from $8,051 to $7,811.50. The daily confluence detector shows a lack of healthy support levels on the downside, hinting that the price may drop even more.

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Ripple Price Analysis: How long will the critical $0.20 support hold?

Ripple keeps dancing at the edge of the cliff following a recent rejection at $0.225. The losses come in tandem with declines witnessed across the board in the last 24 hours. The market leader, Bitcoin is also grinding lower towards $7,700 while Ethereum is struggling to hold the support at $136.?

ETH/USD drops below the triangle formation

ETH/USD is charting a second straight bearish day. This Thursday, the price fell from $137.30 to $136.90 and it has fallen further to $136.80 so far today. In the process, it dropped below the triangle pattern. The price is sandwiched between the 50-day SMA 50 and SMA 20 curves.

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