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

Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum Classic – Asian Wrap 20 Aug
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Bitcoin Price Prediction: Persistent bulls take the price back above $11,800

BTC/USD bulls attempt to fight back following a bearish Wednesday. The price has gone up from $11,758,56 to $ 11, 809.33. The daily confluence detector shows one strong resistance and support level at $12,250 and $11,700. The $12,250 resistance level has the monthly Pivot Point one resistance-one and one-day Bollinger Band middle curve.

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Ripple Market Update: XRP/USD remains under bearish control as price slips below $0.29

XRP/USD bears remained in control as the price went down further to $0.288. This Wednesday’s bearish price action saw the price dip below the $0.30-level and the 20-day Simple Moving Average (SMA 20) curve. The Elliott Oscillator has had three straight red sessions, showing that current short-term market sentiment is bearish.

Etheruem Classic Price Forecast: ETC/USD bulls face strong resistance levels on the upside

ETC/USD dropped from $7.27 to $6.79 over the course of Wednesday. The bulls have a daunting task upfront as the daily confluence detector shows several strong resistance levels. The $6.80 level has the one-month Fibonacci 38.2% retracement level. Up next, we have the $7-level, which has the daily Pivot Point one support-one.

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Ripple stabilizes as support holds amid steady ETF inflows

Ripple stabilizes as support holds amid steady ETF inflows

Ripple pares losses and trades around $1.05 at the time of writing on Monday. The cross-border remittance token is attempting a recovery after last week’s sell-off, which intensified as the US and Iran exchanged fire.

Crypto Today: Bitcoin and Ethereum edge higher, XRP pares losses as US and Iran agree to resume talks

Crypto Today: Bitcoin and Ethereum edge higher, XRP pares losses as US and Iran agree to resume talks

Bitcoin is showing renewed signs of recovery, approaching the $60,000 mark at the time of writing on Monday. Among altcoins, Ethereum is positioned for a potential breakout above $1,600, while Ripple continues to face bearish pressure, holding just above the key $1.00 psychological support.

Bitcoin four-year cycle: BTC risks 75% drawdown with four months of bear market still ahead

Bitcoin four-year cycle: BTC risks 75% drawdown with four months of bear market still ahead

Bitcoin price continues to trend downward below the $60,000 support zone after losing over 50% of its value since the $126,199 high in October. Bitcoin’s four-year cycle, measured from cycle tops to bottoms, suggests that four months of a bear market are still ahead.

Bitcoin Price Forecast: Mild recovery as US and Iran agree to halt attacks, resume talks

Bitcoin Price Forecast: Mild recovery as US and Iran agree to halt attacks, resume talks

Bitcoin recovers slightly on Monday, trading above $60,000 after closing below the 200-week SMA the previous week. Market sentiment turned cautiously positive after the US and Iran agreed to halt attacks and renew peace talks.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin has remained under pressure this past week, losing over 5% as traders assess mixed signals from different parties involved in the Middle East conflict.