Cryptocurrencies price prediction: Bitcoin, Ripple & Ethereum - Asian Wrap 3 Oct


Bitcoin price prediction: BTC/USD still struggles to get past $8,500 as horizontal movement continues

BTC/USD continues to trend horizontally and struggles to break past the $8,500-level. The confluence detector shows us that the resistance level at $8,475 prevents any further upward movement.

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Ripple market update: XRP/USD lags the impending symmetrical triangle breakout

Ripple’s upward movement continues to hit snags even though the market is generally trending north. The looming triangle breakout is likely to elevate Ripple's price to highs between $0.26 and $0.2650.

 

Ethereum technical analysis: ETH/USD moving within bearish flag subject to potential breach

Ethereum price is trading in the green, up 0.90% the session on Wednesday. ETH/USD price action is moving within a bearish flag structure via the daily. There is much supply heading into the pychological $200 area, capping the bulls. 

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BTC/USD must overcome resistance at $8,985 to re-enter the $9,000 zone

BTC/USD has had a bearish start to the day following a bullish Tue. So far this Wed, the price of the asset went down from $8,811.45 to $8,773. This followed a pretty bullish Tue, wherein BTC/USD went up from $8,720.50 to $8,811.45.

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Ripple price overview: XRP/USD triangle breakout fails to materialize

XRP is also in the red on the third day of this week’s trading. The Asian trading session has been characterized by bearish action where Ripple kicked off the day at $0.2722 but touched an intraday ...

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ETH/USD keeps trending horizontally in a narrow $11-range

ETH/USD daily chart keeps trending horizontally in a narrow $11-range between $191 and $180. Currently, Ethereum is priced at around $185.85 and is floating above ...

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Chinese news agency hails bitcoin as “first successful application of blockchain”

Xinhua, a Chinese state news agency, recently praised bitcoin in a front-page article. The flagship cryptocurrency was hailed as blockchain technology’s first successful application.

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Bitcoin Weekly Forecast: Bulls wasted their chance

Bitcoin has been oscillating in a depressingly tight range since the beginning of November. Vanishing volatility makes it harder to engineer a decisive breakthrough from the range. 

Read the weekly forecast

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