Cryptocurrencies Price Prediction: Bitcoin, Tron and Dogecoin – European Wrap 6 October


Share:

Bitcoin price sees traders balancing on the sharp end of the blade

Bitcoin price action is slowly but surely trying to move north on price charts as traders try to continue and hold on to the momentum that started on Monday morning. Unfortunately, that winning streak got cut short near the US closing bell on Wednesday, although a fierce recovery in the last minutes erased most of the incurred losses but still did not prove strong enough to turn the red candle into a green one for the day. This nervous price action shows the imbalance in the price action as both buyers and sellers try to preposition for the next leg up in the last quarter of the year, which could turn very bullish, or yet again very bearish.

 

BTC/USD Daily chart

TRON price averts bearish fate, 15% gains on the horizon

TRON price shows a tight consolidation that has been ongoing for roughly one and a half years. A breakout from this setup could result in an explosive move south. Although TRX came close to embarking on such a move, buyers seem to have come to the rescue, triggering a U-turn.

TRX/USDT 1-day chart

Dogecoin price and on-chain metrics forecast 35% rally for DOGE

Dogecoin price has been stuck trading between two barriers since August 28. The recent attempt to push through the upper limit indicates that DOGE buyers are ready to push it higher. DOGE/USDT 4-hour chart

 

 

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Join Telegram

Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content


Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended Content

Editors’ Picks

Axie Infinity price recovery delayed despite investor deposits hitting a five-month high

Axie Infinity price recovery delayed despite investor deposits hitting a five-month high

Axie Infinity price, following the broader market cues, is trending downwards for the moment as the bearishness in the market has grown considerably. Incited with the regulatory crackdown by the Securities and Exchange Commission (SEC), the investors have resorted to offloading their holdings for now.

More Axie Infinity News

Coinbase to keep cornerstone staking service after CEO Armstrong fires shots at the SEC

Coinbase to keep cornerstone staking service after CEO Armstrong fires shots at the SEC

Coinbase Exchange has committed to maintaining its cornerstone cryptocurrency staking services after CEO Brian Armstrong countered the US Securities and Exchange Commission (SEC), demanding regulatory clarity. 

More Cryptocurrencies News

Cardano price signals accumulation as ADA crashes by nearly 10% in 24 hours

Cardano price signals accumulation as ADA crashes by nearly 10% in 24 hours

Cardano price took a critical hit on June 7 as the entire crypto market continues to suffer the impact of the regulatory crackdown against Binance and Coinbase. Amidst this chaos, the investors that bore the loss found an opportunity for recovery, but it does not sit in the hands of retail investors.

More Cardano News

BNB price falls 10% as US court summons Binance CEO, Changpeng Zhao

BNB price falls 10% as US court summons Binance CEO, Changpeng Zhao

Binance Coin  is down a staggering 20% since June 4 to the current price of $260.93, representing a 10% downswing since the beginning of the Asian session on June 7. The leg down comes in light of recent developments in the case between Binance versus the US Securities and Exchange Commission (SEC).

More Binance Coin News

Bitcoin: BTC targets $30,000 as short-term bias turns bullish

Bitcoin: BTC targets $30,000 as short-term bias turns bullish

Bitcoin (BTC) price shows a clear sign of the bulls’ victory. After failing to trigger a steep correction, bears look now out of context, at least in the short term, allowing buyers to restart a minor uptrend. 

Read full analysis

BTC

ETH

XRP