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Cryptocurrencies Price Prediction: Bitcoin, Stellar Lumens & Chainlink – Asian Wrap 2 Oct

Cryptocurrencies Price Prediction: Bitcoin, Stellar Lumens & Chainlink – Asian Wrap 2 Oct
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Forecast: BTC upside limited at $10,600

The parabolic SAR has reversed from bullish to bearish in the 4-hour chart. This reversal happened after the price plummeted from $10,900 to $10,600. In the process, the price broke below the SMA 50, SMA 100 and SMA 200 curves. The MACD shows increasing bearish market momentum.

Stellar Lumens Price Prediction: XLM risks diving to $0.065 as technicals turn bearish

The cryptocurrency market suffered a setback on Thursday, with bears regaining control across the board. Stellar Lumens also experienced the retreat, following a rejection from areas slightly above $0.075. On the downside, short-term support appears to have been established above $0.07.

Chainlink Technical Analysis: LINK’s correction may drop it to $7

After running out of momentum near the $10.75 resistance line and the 100-day moving average, LINK has been sludging downward for the last five days. Technical analysis tells us that we are about to see a price correction to $7.

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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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XRP falls toward $1.00 amid muted ETF activity

XRP falls toward $1.00 amid muted ETF activity

Ripple (XRP) edges lower toward the short-term $1.05 psychological support level at the time of writing on Wednesday. This marks three consecutive days of losses, undermining investor interest and the broader optimism for a potential deal between the United States (US) and Iran to reopen the Strait of Hormuz.
Swiss-based Taurus gives banks access to Hedera via unified digital asset platform

Swiss-based Taurus gives banks access to Hedera via unified digital asset platform

Taurus, a Switzerland-based digital asset infrastructure provider, announced on Wednesday that it has extended its services, targeting banks and regulated financial institutions on the Hedera (HBAR) network. Meanwhile, HBAR is paring losses, trading above $0.0650 at the time of writing. The token shows signs of stability amid a broader bearish trend.
Crypto markets trade muted, lag risk rally

Crypto markets trade muted, lag risk rally

Whilst hopes for a US-Iran agreement to revive the Strait of Hormuz and renewed AI-trade optimism lifted US equities to all-time highs, major cryptocurrencies remained largely sidelined on Wednesday. Bitcoin and Ether hovered near $64,000 and $1,800, respectively, extending their recent period of consolidation rather than participating in a broader risk rally they would normally follow.
Crypto Today: Bitcoin, Ethereum advance while XRP lags amid US-Iran deal optimism

Crypto Today: Bitcoin, Ethereum advance while XRP lags amid US-Iran deal optimism

Bitcoin (BTC) hovers near $64,000 at the time of writing on Wednesday, buoyed by a marginal improvement in crypto sentiment amid growing optimism that the United States (US) and Iran could potentially reach an agreement to open the Strait of Hormuz this week. Ethereum (ETH) mirrors Bitcoin’s neutral-to-bullish outlook, trading toward $1,900.
Bitcoin: Bulls hold the line

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.