Cryptocurrencies price prediction: Bitcoin, Ripple & Ethereum - Asian Wrap 14 Feb


Bitcoin Price Prediction: BTC/USD falls after failing at $10,500 level, settles around $10,200

After a brief flirtation with the $10,500 level, BTC/USD dropped to $10,235.58 from $10,352.25 this Thursday. So far, in the early hours of Friday, the price has fallen further to $10,227.48. There is a healthy support level at $10,185, which is holding the price up.

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Ripple Price Analysis: XRP/USD eke out an advantage as the asset becomes overpriced

XRP/USD went up from $0.305 to $0.327 this Thursday and crossed above the 20-day Bollinger Band, indicating that it was overpriced. Right on cue, the bears stepped in this Friday to check the price to $0.325 and attempt to drop it back inside the Band. The price is still hovering above the SMA 20, SMA 50 and SMA 200 curves.

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Ethereum Price Analysis: ETH/USD faces the ultimate resistance at $280 amid calls to hit $300

Ethereum's ongoing bullish action is still mainly dependent on the breakout from a falling wedge pattern whose formation began during the retracement witnessed from June 2019’s highs above $360. The digital asset has risen above key resistance areas in January and February including $140, $260 and $270.

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Bitcoin Price Analysis: Bart Simpson pattern implies BTC price manipulations

Bitcoin volatility jumped to November 2019 high amid a sudden price collapse during US trading hours on Wednesday. Bloomberg reports that amid the price decline, 10-days volatility surged to 65%, while the 30-days volatility in the highest since January 28 at 35.40%.

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Ethereum Price Analysis: ETH/USD creates double-top formation, risks further sell-off

Ethereum (ETH) now the second-largest digital asset with the current market value of $28.3 billion, has lost nearly 8% in recent 24 hours to trade at $256.0 at the time of writing.

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LTC/USD breakdown could test $65 ahead of recovery to $100

Litecoin has been posting frequent gains ever since the price broke above the long term resistance trendline that started in June 2019. The recovery has also remained within the confines of an ascending channel.

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Bitcoin Cash Price Analysis: BCH/USD desperately searches for support, breakdown to $350 looms

The cryptocurrency assets suffered another massacre on Wednesday during the American session. The mid-week recovery posted on Tuesday through to Wednesday turned out to be a bull trap.

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Bitcoin Weekly Forecast: BTC bulls brace for jump to $11,000

Bitcoin (BTC) has been growing for three weeks in a row. The first cryptocurrency hit $10,504 on Thursday - the highest level of 2020.

Read the weekly forecast

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