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Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – Asian Wrap April 14

Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – Asian Wrap April 14
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Analysis: BTC/USD continues price consolidation below $7,000 as bears and bulls have an epic tug of war

BTC/USD continued to consolidate below the $7,000 level as the bears managed to drop the price from $6,906.90 to $6,874. The bears need to break below the $6,694.15 support level to continue the downward momentum. The MACD indicates decreasing bullish momentum, while the Elliott Oscillator has had three straight red sessions showing overall bearish sentiment.

Ripple Price Analysis: XRP/USD consolidates above $0.18, Xpring new smart features on XRP Ledger

Ripple appears to be settling above $0.18 following the recent rejection from highs around $0.2080. Recovery has been steady but slow after the colossal loss experienced in March amid the Coronavirus pandemic. As the world lulls in anxious wait for the fight against COVID-19 to succeed, Ripple’s employees continue to work day and night to ensure that new features are introduced and its blockchain solutions such as RippleNet expand to new localities.

Ethereum Price Analysis: ETH/USD continues price consolidation below $160

Following a bearish Monday, the bulls have started staging a comeback in the early hours of Tuesday, taking the price up from $156.80 to $157.80. The price continues to consolidate in a flag formation below the $160-level. The bulls need to overcome resistance at the SMA 50 and SMA 200 to reverse bearish market sentiment. 

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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 holds EMA support as ETF inflows persist

Ripple holds EMA support as ETF inflows persist

XRP ticks up as bulls defend the 200-day EMA support at $1.35. US-listed XRP ETFs record nine consecutive days of inflows, reinforcing steady institutional interest. XRP upholds a constructive bullish bias but risks extending the correction if momentum indicators deteriorate.

Crypto Today: Bitcoin, Ethereum, XRP broadly consolidate amid renewed US-Iran strikes

Crypto Today: Bitcoin, Ethereum, XRP broadly consolidate amid renewed US-Iran strikes

Bitcoin remains resilient above $78,000 as investors anticipate a renewed push toward $80,000. Ethereum continues to demonstrate a constructive technical setup, holding above $2,400. Ripple is exhibiting early signs of recovery near $1.37.

Bitcoin consolidates near $78,000 as ETF inflows surge

Bitcoin consolidates near $78,000 as ETF inflows surge

Bitcoin trades near $78,000 on Monday, consolidating after its recent rally as strong institutional demand continues to provide support. However, escalating Middle East tensions, rising oil prices and growing inflation concerns dampened risk appetite, which could cap the Crypto King’s upside.

Pi Network stages mild August recovery amid potential DEX environment test

Pi Network stages mild August recovery amid potential DEX environment test

Pi Network is trading around $0.0900 on Monday, continuing its consolidation above the $0.0836 support floor. The PI Testnet has seen around 30 new tokens released under the names of leading corporations, suggesting a potential test of the DEX environment.

Bitcoin: Billions in ETF inflows push BTC toward decisive breakout

Bitcoin: Billions in ETF inflows push BTC toward decisive breakout

Bitcoin (BTC) extends gains so far this week, trading near $80,000 after testing the 50-week Simple Moving Average (SMA) at $81,114 earlier. Strong institutional demand is supporting the rally, with spot BTC Exchange Traded Funds (ETFs) on track to record a second consecutive week of billion-dollar inflows.