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Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – Asian Wrap 29 Jan

Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – Asian Wrap 29 Jan
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Analysis: BTC bulls battle key short-term resistances above $34,000

BTC/USD rises to $34,167 while flashing a two-day winning streak during early Friday. The crypto major has been on a recovery move after taking a U-turn from $29,239 on Friday and is currently attacking a short-term resistance line and 100-bar SMA, from January 14.

Ripple Price Analysis: XRP buyers confront short-term key SMA to regain 0.2700

XRP/USD rises to 0.2717 amid early Friday’s trading session. In doing so, the altcoin refreshes intraday top while extending the recovery moves from a swing low of 0.2440 marked on Wednesday. Multiple resistance lines stand tall to challenge bulls. 

Ethereum Price Prediction: ETH scarcity will drive the digital asset to $2,000

Ethereum price has been under consolidation after establishing a new all-time high at $1,475 which wasn’t quite convincing. ETH dropped to $1,207 but has rebounded and it’s currently trading at $1,338. ETH faces very little resistance to the upside and can quickly establish a new all-time high.

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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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Cardano Price Forecast: Approaches critical support as correction risks grow

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Crypto Overview: Bitcoin slips below $77,000 – Raydium, Falcon Finance hold gains

Crypto Overview: Bitcoin slips below $77,000 – Raydium, Falcon Finance hold gains

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Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC pullback, ETH stalls, XRP weakens

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC pullback, ETH stalls, XRP weakens

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) remain under pressure on Friday as the broader cryptocurrency market extends its losses over 4%, 2.5% and 5%, respectively, this week.
Ethereum Price Forecast: ETH holds above $2,400 as PPI data strengthens rate hike expectations

Ethereum Price Forecast: ETH holds above $2,400 as PPI data strengthens rate hike expectations

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Bitcoin: Gearing up for a sharp move

Bitcoin: Gearing up for a sharp move

Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.