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Cryptocurrencies Price Prediction: Bitcoin, Solana and Ethereum – European Wrap 17 May

Cryptocurrencies Price Prediction: Bitcoin, Solana and Ethereum – European Wrap 17 May
FXStreet TeamFXStreet TeamFXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptos to have a bullish week ahead

Bitcoin price has been coiling up around the base of a range for quite some time. Monday’s range formation, however, indicates that an up move is likely in the coming days. Investors can expect Ethereum, Ripple and other altcoins to do the same.

BTC/USD 2-hour chart

Here is the path Solana price will take to surge to $80

Solana price has found a stable support level which is currently providing a foundation of support for bulls to make a comeback. Since Bitcoin price looks optimistic, there is a good chance that SOL will also rally in the next few days.

SOL/USDT 1-day chart

Optimism grows as China aims to end COVID lockdown, with Ethereum price targeting nearly $5,000

Ethereum (ETH) price saw its tail risk ballooning to a massive extent on Monday, but many elements got quickly defused near the US close. With tail risks diminishing, the dollar backing off, and equities rising, investors look ready to head back to cryptocurrencies and invest in the asset class. With that inflow, almost all cryptocurrencies are up against multiple percentages, and the horizon looks promising as possibly a rally is underway longer term towards $4,951.

ETH/USD daily chart

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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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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.