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

Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – Asian Wrap April 9

Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – Asian Wrap April 9
FXStreet TeamFXStreet TeamFXStreet

Bitcoin technical analysis: BTC/USD sits below a huge stack of resistance

BTC/USD had a bearish start to this Thursday as the price fell from $7,369 to $7,310. The daily confluence detector shows that there is a lack of healthy support levels to hold the price up. On the other hand, the price is sitting directly below a strong stack of resistance from $7,350-$7,415. 

fxsoriginal

Ripple Price Analysis: XRP/USD flirting with the 38.2% Fibonacci amid consolidation

Ripple price has kicked off the session on Thursday with losses amounting to 1.07%. The majority of the digital assets in the market are grappling with increased selling pressure. Bitcoin price is down 0.57% to trade at $7,326 while Ethereum has lost 1.1% of its value to trade at $171.

Ethereum Price Analysis: ETH/USD drops down after encountering resistance at the SMA 200

ETH/USD is currently consolidating in a flag formation as it dropped from $173.31 to $171.75 in the early hours of Thursday. The price encountered resistance at the SMA 200 and fell down. If the bulls were to regain control, they have three obvious goals - take the price up to $173.50 and break above the SMA 200, go above $176.50 to break above the SMA 50.

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

Democrats win House and Senate in US midterms: Why isn’t all bad news for crypto

Democrats win House and Senate in US midterms: Why isn’t all bad news for crypto

The biggest story this week was Tuesday’s US midterm elections, which saw Democrats win control of both the House and the Senate in a clear blue wave. This political shift in the US has triggered sharp price swings across the cryptocurrency market.

Ripple nears oversold territory as traders eye buying opportunities

Ripple nears oversold territory as traders eye buying opportunities

Ripple remains structurally capped near $1.20 after selling pressure wiped out the early-week rise to $1.34, driven by the US midterm elections. Market participants exhibited regulatory concerns ahead of the Democrats taking control of Congress in January, with many repositioning and adjusting their portfolios.

Bitcoin Weekly Forecast: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin Weekly Forecast: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin is down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. A sharp sell-off in US technology stocks reversed Bitcoin’s post-election rally on Thursday, triggering a wave of liquidations across the market and intensifying bearish pressure.

Post-US midterm elections market sell-off weighs on PI

Post-US midterm elections market sell-off weighs on PI

Pi Network (PI) continues to attract sellers, as the post-US midterm results triggered a sell-off in the US tech stock market and also wiped out over $1 billion from the crypto market.

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.