Cryptocurrencies price prediction: Bitcoin, Ripple & Ethereum - European Wrap - 9 October


Bitcoin price prediction: BTC/USD upward progression remains restrained – Confluence Detector

Bitcoin bears have continued to push the price lower for the second day in a row. The selloffs witnessed have seen the price dive from levels above $8,300 to test $8,100 (short-term) support. With the prevailing bearish trend, low volume and a low volatility, it means that upward movement will stay limited.

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Ripple price prediction: XRP/USD bulls get ready for a breakthrough - XRP confluence

Ripple’s XRP took off from the Asian low of $0.2740, but the upside may be limited as the price is moving closer to a stiff resistance created by the long-term sloping trendline. At the time of writing, XRP/USD is changing hands at $0.2780, has stayed mostly unchanged both on a day-on-day basis and since the beginning of Wednesday, though the coin has six bullish days in a row, which is the longest period since May 2019.

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Ethereum market update: ETH/USD  bulls intimidated by DMA50

ETH peaked at $185.30 on October 8 and retreated to $184.00 by the time of writing. The second-largest digital asset with the current market value of $19.6 has gained 2% both on a day-on-day basis and since the beginning of Wednesday.  Ethereum’s average daily trading volumes dropped below $7 billion from $7.5 billion on Tuesday.

 

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Bitcoin Price Prediction: BTC/USD en route to $20,000 by end of 2020

Bitcoin price has employed defense mechanisms after a breakdown from highs above $10,000. The price formed a weekly low below $9,400 before recovering above $9,600. The trading commenced at $9,667 on ...

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Ripple Price Analysis: XRP/USD sandwiched between SMA 200 and SMA 50 curves

XRP/USD dropped from $0.203 to $0.2028 as Wednesday’s sessions came to a close. The price is floating above the green Ichimoku cloud and between the SMA 200 and SMA 50 curves.

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ETH/USD trends near the upper curve of the 20-day Bollinger band

ETH/USD went up from $237.65 to $242.16 as Wednesday’s session came to a close. The price is trending near the upper curve of the 20-day Bollinger band, as the MACD shows increasing bullish momentum. 

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IOT/USD outperforms Bitcoin, spikes above the Ichimoku Kinko Hyo

IOTA is towering above major cryptocurrencies in the market following a 1.7% growth on the day compared to Bitcoin’s 0.08% gain. Other cryptoassets such as Ethereum and Ripple have ...

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Bitcoin Weekly Forecast: BTC/USD bulls fight for every inch of the ground on their way to $10,000

After a sharp sell-off at the beginning of the week, BTC/USD climbed back above $9,000 and made its way above another important resistance $9,300.

Read the weekly forecast

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