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

Cryptocurrencies Price Prediction: Bitcoin, Ripple, & Ethereum – Asian Wrap 17 Jun

Cryptocurrencies Price Prediction: Bitcoin, Ripple, & Ethereum – Asian Wrap 17 Jun
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Forecast: BTC/USD lacks healthy support levels

BTC/USD dropped from $9,527.65 to $9,477.50 in the early hours of Wednesday as bears took control, following a bullish Tuesday. The daily confluence detector shows that BTC/USD lacks healthy support levels, so further price drop is possible. There is strong resistance at $9,545.

fxsoriginal

Ripple Price Analysis: XRP/USD’s Elliott Oscillator has a green session following five straight red sessions

XRP/USD fell from $0.1925 $0.1916 this Tuesday as the bears stepped in to correct the market following a bullish Monday. The MACD shows sustained bearish momentum, while the Elliott Oscillator has had a green session after five consecutive red sessions.

Ethereum Price Analysis: ETH/USD bears take control as price falls below $235

ETH/USD dropped from $235.40 to $234 in the early hours of Wednesday following a bullish Tuesday. The price is sandwiched between the SMA 20 and the upward trending line. The 20-day Bollinger jaw has narrowed, which indicates that overall price volatility is decreasing. The Elliott Oscillator has had seven straight red sessions, showing sustained bearish sentiment. 

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

Why altcoin season isn't coming back — and what stole its capital

Why altcoin season isn't coming back — and what stole its capital

If, after two years of being frozen in ice, Katara and Sokka woke you up to the crypto market, it would seem like 100 years have passed. With Bitcoin soaring to record highs just over a year ago, everyone expected a routine altcoin season, where investors take profits from the top crypto to chase higher returns in altcoins.

Bitcoin Weekly Forecast: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin Weekly Forecast: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin recovers, trading above $78,000 on Friday, but the 50-week SMA near $78,760 continues to cap its upside. A hawkish Fed outlook, escalating Middle East tensions, and the CLARITY Act's failure to advance in the US Senate could limit BTC upside.

Why Bitcoin's over 30% rebound doesn't mean the bear market cycle is done

Why Bitcoin's over 30% rebound doesn't mean the bear market cycle is done

BTC has staged a strong recovery after falling to a yearly low of $57,800 in July, gaining nearly 33% and recording two consecutive months of gains in July and August. Is this the start of a new bullish phase, or simply another recovery within a broader bear-market cycle?

Crypto Today: Bitcoin, Ethereum, XRP eye short-term breakout as bulls return

Crypto Today: Bitcoin, Ethereum, XRP eye short-term breakout as bulls return

Bitcoin trades higher near $78,000 on Friday as bulls return after early-week macro uncertainty and regulatory headwinds. Ethereum aligns with the broader crypto market’s neutral-to-bullish outlook, holding support above $2,400 and gaining momentum for a short-term breakout at $2,500.

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin (BTC) price action has remained resilient this week, trading above $78,000 at the time of writing on Friday, heading toward a key resistance zone. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) on track for a second straight week of outflows, with over $420 million recorded through Thursday amid escalating Middle East tensions.