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Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – Asian Wrap 20 May

Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – Asian Wrap 20 May
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Analysis: BTC/USD continues to consolidate below the $10,000 level

BTC/USD fell from $9,783.65 to $9,756.30, as the bears took control following four straight bullish days. The daily confluence detector shows a strong resistance level on the upside at $10,165. It has the one-day Bollinger Band upper curve, one-day Pivot Point resistance-one and one-week Pivot Point resistance-two.

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Ripple Price Analysis: XRP/USD sandwiched between SMA 20 and SMA 50 curves

XRP/USD dropped from $0.2049 to $0.2048 in the early hours of Wednesday, as the price continues to trend within the green Ichimoku cloud. The price is currently sandwiched between SMA 50 and SMA 20 curves. The MACD shows decreasing bearish momentum, while the Elliott Oscillator is back in the green following a red session.

Ethereum Price Analysis: ETH/USD bears remained in control as the price consolidates below the $215 level

ETH/USD bears remained in control for the second straight day as the price fell from $214.66 to $213.46. Despite the adverse price action, the MACD shows that the market momentum has reversed from bearish to bullish. William’s %R is trending around -5.55 in the overbought zone, so more downward price correction may be expected.

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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.

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Ripple extends losses as derivatives interest cools

Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.