Cryptocurrencies Price Prediction: Bitcoin, Tezos & Band Bitcoin Cash – Asian Wrap 04 Nov


Bitcoin Price Forecast: BTC/USD slips below $14000 on mounting US election tensions

Bitcoin, the most favorite digital asset, quickly eroded $300 after facing rejection near the yearly highs of 14,077. The No. 1 coin fell as low as 13,730 after risk-off flows seeped into markets on mounting tensions surrounding the US election, as the results started trickling.

 

Tezos price struggles to recover while technicals suggest it's time to buy

Tezos plummeted over 60% after reaching an all-time high of $4.5 in mid-August. While the top-19 cryptocurrency continues to face an uphill battle, multiple technical indexes suggest it is on its way to greener pastures.

 

Bitcoin Cash Price Forecast: BCH breakdown to $200 beckons amid heightened volatility

The cryptocurrency market is trading in a period of high volatility, mainly brought about by the ongoing presidential elections in the United States. Bitcoin Cash was recently rejected from $280, leaving the button in the bears’ hands.

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Dogecoin: DOGE on the verge of a 75% lift-off

Dogecoin price breaks out of a bull flag pattern after surging 20%. DOGE could surge 75% to $0.095 if it bounces from the 50% Fibonacci retracement level at $0.055. A bearish outcome could evolve if the price re-enters the “flag” and starts consolidation.

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Bitcoin price ready for another upswing as the Fed publishes new preconditions for a digital dollar

The Fed will be looking for stakeholder interest and buy-in to support the launch of a CBDC. The US is still a long way to develop a digital dollar because many structures are not yet in place.

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Solana: SOL could take a breather and pullback 30% after a 600% bull rally

SOL price has been on an uptrend since Jan 22 with only minor corrections. SOL was surprisingly unbothered during the market crash on Feb 22 and 23, as it dropped by a mere 13%.

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Ethereum: ETH building overhead pressure threatens losses to $1,200

Ethereum’s recovery stalls at $1,700, opening the door to the ongoing bearish pressure. The IOMAP reveals the presence of intense selling pressure ahead of Ether.

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Bitcoin Weekly Forecast: BTC journey to $100,000 might be easier than expected

This past week has been extremely beneficial for Bitcoin which jumped by 30% since Monday 8. Several positive announcements, especially Tesla purchasing $1.5 billion worth of the digital asset propelled the flagship cryptocurrency to new highs.

Read the weekly forecast

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