Cryptocurrencies Price Prediction: Bitcoin, Ripple & Yearn.Finance – Asian Wrap 13 Jan


Bitcoin Price Analysis: BTC prints five-day downtrend as sellers tighten grip below 34,000

BTC/USD stays on the back foot around 33,800 during early Wednesday’s trading. The crypto major pair dropped below the 10-day SMA on Tuesday while flashing the most bearish MACD signs since early December, which in turn favor sellers as the quote declines for the fifth consecutive day.

 

Ripple Price Analysis: XRP eases inside 13-day-old symmetrical triangle

XRP/USD drops to 0.2875 during early Wednesday. In doing so, the ripple pair defies recovery hopes, triggered the previous day, while funneling down a symmetrical triangle established since December 25. Sellers may eye December lows on triangle breakdown.

 

Yearn.Finance Price Prediction: YFI eying up $40,000 after defending critical level

YFI price had a massive 50% breakout on January 7 which got a lot of continuation in the next two days up to $39,939. Unfortunately, the entire market suffered a significant collapse and YFI dropped towards $25,250. On the daily chart, the digital asset dropped to a low of $25,250.

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Cardano Price Forecast: ADA targets 900% bull rally, but it must clear $0.33 first

Cardano had a significant rally towards $0.355 at the beginning of 2021. After a notable dip to $0.228, bulls bought it and managed to push Cardano price to $0.33 again before a small rejection.

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Ethereum price aims to flush out doubters before the ultimate breakout to $2,000

Ethereum bulls bought the dip on January 11, pushing the digital asset from a low of $915 towards $1,256. The smart-contracts giant has been outperforming Bitcoin in the past 24 hours despite the negativity seen on social media.

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XLM Price Prediction: Stellar consolidates ahead of a 30% move

XLM price trades at $0.291 at the time of writing after a healthy consolidation after hitting a 2021-top at $0.411. There is a high chance that XLM is about to see a massive breakout or breakdown within the next 24 hours.

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Bitcoin Weekly Forecast: BTC price faces extreme volatility ahead of a new all-time high

Bitcoin had a wild run this week, dropping from a high of $41,350 to a low of 30,420 in less than 48 hours. The panic sell-off was stopped on its tracks at the 26-EMA on the daily chart as bulls quickly bought the dip and created a V-Shape recovery pushing BTC towards $40,100 again. 

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Bitcoin Weekly Forecast: BTC price faces extreme volatility ahead of a new all-time high

Bitcoin had a wild run this week, dropping from a high of $41,350 to a low of 30,420 in less than 48 hours. 

Read the weekly forecast

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