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Cryptocurrencies Price Prediction: Bitcoin, Ripple & Yearn.Finance – Asian Wrap 27 Nov

Cryptocurrencies Price Prediction: Bitcoin, Ripple & Yearn.Finance – Asian Wrap 27 Nov
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Analysis: Bears seeking a discount from old support

The crypto has corrected some of the latest bearish moves, but not even in a 38.2% Fibonacci retracement as of yet. Bulls can aim for between a 50-61.8% Fibo retracement from where bears will be looking for old support to act as a resistance. In doing so, markets will be on the lookout for the next bearish impulse.

Ripple Price Analysis: XRP/USD fails to extend bounce off 10-day SMA

Ripple fades bounce off 0.4581 while declining to 0.5240, down over 2% during early Friday. The crypto major slumped the previous day, before bouncing off-late SMA. However, failures to extend the corrective recovery join the RSI conditions that ease from the overbought region to keep the sellers hopeful.

Yearn.Finance Price Prediction: YFI looks ready to regain lost ground, bulls target $25,000

Following a significant retracement that has sent the price of Yearn.Finance below $21,000, it would seem that it is on the cusp of an upward trend. After trading in treacherous zones for a while, technical indicators show that the digital asset might not remain there for long.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Experts agree: Bitcoin nears bottom, but weak demand raises doubts

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Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.