Cryptocurrencies price prediction: Bitcoin, Ripple & Ethereum – European Wrap – 14 February


Bitcoin Price Analysis: BTC/USD is in technical retreat, in the long-run $100,000 is still a possibility

Bitcoin has been losing ground since Thursday amid technical correction as bulls stumbled upon a stiff resistance created by $10,500. At the time of writing, BTC/USD is changing hands at $10,120, down 2% on a day-to-day basis. With the total market capitalization of $184 billion BTC controls 61.9% of the market.

 

Bitcoin

Ripple Weekly Forecast: Time for Ripple bulls to shine

The cryptocurrency market has been on an upward roll since the beginning of the week. The bulls have not been afraid to flex their muscles with some stamping their feet on the bears. Ripple and other major cryptoassets jumped above critical barriers to form new 2020 highs. In particular, XRP gained incredibly from last week’s support at $0.28, advancing above $0.30.  A new high was formed marginally below $0.35. Bitcoin closed in on $10,500 while Ethereum clocked $275 before correction took over.

 

Ripple

Ethereum Price Analysis: ETH/USD bull trend intact as long as the price stays above $250.00

ETH, the second-largest digital asset with the current market value of $29 billion, hit the highest level of 2020 at $277.39 on February 13. By the time of writing the coin has retreated to $261.40 amid technical correction on the cryptocurrency market. ETH/USD has lost nearly 2% in recent 24 hours and stayed mostly unchanged since the beginning of the day.

Ethereum

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What BTC/USD needs to reclaim the ground above $10,000?

Bitcoin bulls fight the effects of the price sliding below a rising wedge pattern. Recovery from lows at $9,500 has been steady. However, the momentum appears to have fizzled out at $9,800. 

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Ripple Price Analysis: XRP/USD bulls match to jumpstart rally to $0.35

Ripple is making a comeback towards the broken support at $0.30. The recovery follows a slump from highs marginally under $0.35 to lows of $0.27119. The Bollinger bands daily middle curve formed ...

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ETH/USD tug of war at $270 intensifies as $280 beckons

Ethereum managed to stay above the support at $240 during the bearish Monday. Also contributing to the support was the long term ascending trendline. The recovery from the support has been steady enough to hit levels slightly above $270. 

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XMR/USD bulls make a comeback after finding support on the SMA 20 curve

XMR/USD bulls jumped up from the support provided by the SMA 20 curve to rise from $82.68 to $83.13. Before this, the market suffered from three straight bearish days following its repeated failure to ...

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Bitcoin Weekly Forecast: BTC bulls brace for jump to $11,000

Bitcoin (BTC) has been growing for three weeks in a row. The first cryptocurrency hit $10,504 on Thursday - the highest level of 2020.

Read the weekly forecast

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