Cryptocurrencies price prediction: Bitcoin, Ripple & NEO - European Wrap - 12 September


Bitcoin price prediction: BTC/USD bulls regain control, upside momentum lacks strength – Confluence Detector

Bitcoin is trading below the opening price ($10,158) on Thursday. The bulls initially extended the leg above $10,200 resistance before a reversal swept in at $10,205.70). The chart I analyzed earlier today shows regression having been stopped slightly above $9,800 on Wednesday. The almost immediate bounce above $10,000 was supported by the ascending trendline further encouraging the buyers to regain control.

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Ripple price analysis: XRP/USD recovers from $0.2500, still under pressure

Ripple’s XRP, the third-largest digital asset with the current market capitalization of $10.8 billion, has recovered from the intraday low of $0.2211 and settled at $0.2530 by the time of writing. Despite the recovery, XRP/USD stays down 1.4% on a day-on-day basis.

 

Ripple

NEO price analysis: NEO/USD cannot make its way above $9.00

NEO has been sidelined below $9.00 handle. The 20th largest digital asset with the current market value of $628 million has gained nearly 2% since the beginning of the day and stayed unchanged on a day-on-day basis. NEO is most actively traded at Bitfinex against USDT. From the longer-term perspective, the coin peaked at $24.04 on June 26 and has been moving within a downside trend ever since

 

NEO

 

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Top 3 price prediction Bitcoin, Ripple, Ethereum: Cryptos seeing multiple launches into the universe

The BTC/USD pair is currently trading at the $10.187 price level, the same price level as in recent weeks. The most serious difficulty for Bitcoin is the low volatility, after many days in the same price range, strength and speed indicators are at minimum levels. It will not be easy to start again.

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Ethereum (ETH) price analysis: ETH/USD settles above $200.00 amid altcoins'bull run

The second-largest cryptocurrency with the current market capitalization of $22.9 billion hit $215.18 during early Asian hours. While the coin has retreated to $212.40 by the time of writing, the upside momentum remains strong as the coin stays above a critical $200.00.

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NEO price analysis: NEO/USD retreats from intraday high, upside momentum recedes

NEO is performing strongly on Wednesday. The 20th largest digital asset with the current market value of $69 million gained over 7% both on a day-on-day basis and moved nearly 3% higher since the beginning of the day.  At the time of writing, NEO/USD is changing hands at $9.80, off the intraday high of $9.87. 

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TRON market update: TRX/USD tests DMA50 for the first time since July

TRON (TRX) is one of the best performing coins on Wednesday. TRX/USD has gained over 10% of its value to trade at $0.0178 by press time. While the coin has retreated from the intraday high ($0.0178), the upside momentum is still strong as TRX is moving in sync with the rest of the market. 

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Bitcoin Weekly Forecast: Rangebound trading and September blues come upon the crypto market

Bitcoin finishes the week with marginal losses. The first digital currency recovered from the recent low of $9,886 but stayed in the red zone as of the end of the week.

Read the weekly forecast

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