Cryptocurrencies price prediction: Bitcoin, Ripple & Neo - Asian Wrap 05 Dec


Bitcoin price prediction: Lack of healthy support levels could see BTC/USD drop even further

BTC/USD bears came out on top for the fifth straight day, going down from $7,305.45 to $7,232 this Wednesday. The hourly breakdown shows us that Bitcoin plummeted from $7,491.40 to $7,197.50 in just one hour. As per the daily confluence detector, there are no healthy support levels on the downside, indicating that a further price drop may be around the corner.

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Ripple price analysis: XRP/USD keeps getting knocked down by the downward trending line

XRP/USD has dropped slightly from $0.214 to $0.213 in the early hours of Thursday. The daily price has repeatedly been thwarted by the resistance provided by the downward trending line. The price is floating below the 200-day Simple Moving Average (SMA 200), SMA 50 and SMA 20 curves.

 

Neo technical analysis: NEO/USD has fallen by 10.25% over the last five days

NEO/USD has fallen from $9.75 to $8.75, dropping by 10.25% over the last five days. The daily price is trending in a downwards channel formation and floating below the 200-day Simple Moving Average (SMA 200), SMA 50 and SMA 20 curves. The Relative Strength Index (RSI) indicator is around 36.

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Bitcoin Price Analysis: BTC/USD consolidation lags triangle breakout

Bitcoin remained under pressure during the entire weekend. The attempts made to stay above $7,200 support failed, leaving to the path of least resist ace to be below $7,000. Bitcoin’s immediate upside is limited by the 50 SMA on the 2H chart.

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Ethereum Price Update: ETH/USD defends $140 support yet again

Ethereum is largely unchanged compared to the levels towards the end of last week. The pressure oozing from the bears continued across the weekend session. Besides action beyond $145 remained limited.

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Ripple Price Analysis: XRP/USD spirals in freshly reignited downward momentum

Ripple has ignited the bearish momentum breaking the weekend-long support at $0.2160. The losses come after an attempt to break out from the descending channel resistance failed.

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Cardano’s IOHK celebrates 120 staking pulls less than 24 hours after testnet launch

The research firm in charge of developing Cardano, a major cryptocurrency, IOHK was delighted to announce the fantastic performance of the newly launched testnet.

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Bitcoin Weekly Forecast: It's all about whales again

On the cryptocurrency market, regulators, governments and central bankers and other big names like that are inferior to whales when it comes to generating trends and price movements.

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