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Cryptocurrencies Price Prediction: Bitcoin, Ripple, & Ethereum – Asian Wrap 11 Jun

Cryptocurrencies Price Prediction: Bitcoin, Ripple, & Ethereum – Asian Wrap 11 Jun
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Forecast: BTC/USD bulls take charge as price consolidates in a pennant formation

BTC/USD bulls took charge following a bearish Tuesday as it continues to trend within the pennant formation. The price has gone up from $9,779.25 to $9,880. The MACD shows sustained but slight bearish momentum. 

Ripple Price Analysis: XRP/USD floats inside the green Ichimoku cloud

XRP/USD bulls staged a comeback after a bearish Tuesday. The price bounced went up from $0.2012 to $0.2025 and is currently floating inside the green Ichimoku cloud. The MACD shows decreasing bullish momentum.

Ethereum Price Prediction: ETH/USD daily confluence detector shows a lack of strong resistance levels

ETH/USD bulls remained in control of the market for the second straight day as it rose up from $248 to $249. ETH/USD daily confluence detector shows a lack of strong resistance on the upside. On the downside, healthy support lies at $248.

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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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XRP ticks up as risk-off mood, weak ETF demand cap recovery

XRP ticks up as risk-off mood, weak ETF demand cap recovery

Ripple (XRP) rebounds above $1.23 from support at $1.20 at the time of writing on Wednesday, as the broader cryptocurrency market pares losses triggered by escalating tensions in the Middle East.

Crypto Today: Bitcoin, Ethereum pare losses as XRP rebounds amid escalating tensions in the Middle East

Crypto Today: Bitcoin, Ethereum pare losses as XRP rebounds amid escalating tensions in the Middle East

The cryptocurrency market remains largely under pressure on Wednesday amid escalating tensions in the Middle East. After plunging from its May high of $82,823, Bitcoin (BTC) is showing signs of stabilization, consolidating above the key $67,000 support level.

Bitcoin takes a breather above $65,000 amid swelling institutional pressure

Bitcoin takes a breather above $65,000 amid swelling institutional pressure

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Ondo extends gains, defying the broader market crash

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ONDO extends gains on Wednesday, after rising 9% the previous day. Early access to Ondo Perps, offering 24/7 perpetual futures on US stocks, ETFs, and commodities, fuels the recovery.

Billions in ETF outflows don’t bode well

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Bitcoin (BTC) remains under pressure, trading below $74,000 on Friday, and is set to post its third consecutive week of losses. The institutional sell-off continues, with spot BTC Exchange-Traded funds (ETFs) recording billions in outflows. In addition, sticky inflation and macroeconomic headwinds suppress the Crypto King’s upside potential. Institutional demand continues to weaken so far this week.