TRENDING:
EUR/USD
GBP/USD
XAU/USD
Trade War
USD/CAD
AUD/USD
Sponsored by
Login
|

Cryptocurrencies Price Prediction: Bitcoin, Ripple & Tezos – American Wrap 14 May

Cryptocurrencies Price Prediction: Bitcoin, Ripple & Tezos – American Wrap 14 May
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Analysis: BTC/USD may retest $10,000 during US hours  – Confluence Detector

Bitcoin price has gained over 6% on a day-to-day basis and 4% since the start of Thursday. The first digital coin hit the intraday high of $9,944 and retreated t0 $9,720 by the time of writing. The further recovery is capped psychological $10,000, which is still a hard nut to crack for Bitcoin bulls. This barrier prevents BTC from moving towards $10 500. Once it is cleared, the recovery may start snowballing.

While the short-term momentum remains bullish, the RSI on the intraday charts has shown signs of reversal, which means, the coin may stay range-bound in the nearest future. 

XRP/USD: Ripple is in good shape to replace Swift - Chris Larsen

Ripple’s XRP is in good shape to replace Swift as an international payment network, according to the Ripple founder Chris Larsen. Speaking in the interview on the Block Stars podcast, he said that banks were unlikely to use Bitcoin’s proof-of-work system for validating transactions. To prove the point, he underlined that banks may be wary of the risks of 51% attack, in which a miner or a group of miners can gain control over more than 50% of the network hash rate and manipulate the entries in the ledger.

Tezos Price Analysis: XTZ is showing bearish technical signals and could break 2.50 again

Tezos has had better days and today XTZ has broken some key technical levels. The price has now made a lower high wave on the 4-hour chart below and the support zone of 2.61 has also been taken out and subsequently used as resistance. 

The Fibonacci extension target at the 161.8% area has been hit perfectly and now the price has retraced back to the aforementioned resistance zone. Moving forward if this is to be the 3rd wave in the Elliott Wave series then a break of 2.23 is on the cards.

Author

FXStreet Team

More from FXStreet Team
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

XRP edges lower despite record on-chain activity and steady ETF inflows

XRP edges lower despite record on-chain activity and steady ETF inflows

Ripple is trading under pressure at the time of writing on Thursday, after bulls failed to break the short-term resistance at $2.22. The reversal may extend toward Monday’s low of $1.98, especially if risk-off sentiment persists in the broader cryptocurrency market.

Aster lags recovery as perpetual DEX releases new roadmap on infrastructure, utility and ecosystem 

Aster lags recovery as perpetual DEX releases new roadmap on infrastructure, utility and ecosystem 

Aster is consolidating above $1.05 at the time of writing on Thursday, reflecting lethargic sentiment in the broader cryptocurrency market. The token native to the perpetual Decentralised Exchange had recovered from Monday's low of $0.88 but stalled around $1.08 on Wednesday.

Hyperliquid Price Forecast: Bulls aim breakout as RSI and MACD flash buy signal

Hyperliquid Price Forecast: Bulls aim breakout as RSI and MACD flash buy signal

Hyperliquid struggles to surface above $35 as a local resistance trendline caps the two-day recovery run. Hyperliquid Strategies Inc. (PURR) transfered 12 million HYPE tokens to Hypercore and staked 425,000 tokens, which reflects confidence. 

Cardano builds recovery momentum as sentiment improves

Cardano builds recovery momentum as sentiment improves

Cardano is extending its recovery for the second consecutive day, trading at around $0.4400 at the time of writing on Thursday. If this recovery leg from Monday's $0.3707 level steadies in the coming days, Cardano bulls could push toward a bullish December.

Orange Juice Newsletter – Smart insights by real people. Every day.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: BTC steadies as data suggests local bottom

Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.