Cryptocurrencies Price Prediction: Bitcoin, TRON & Ethereum – European Wrap 6 May

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Bitcoin Price Analysis: BTC/USD obstructed path to $9,500 delays pre-halving rally – Confluence Detector

Bitcoin price has only managed to hit highs of $9,075 on Wednesday amid a stalemate between the bulls and the bears. The level at $9,000 remains the crypto’s key pivotal point. On the downside, BTC/USD has touched intraday lows of $8,922. The European session is likely to turn bullish as volatility returns to the market. Other major cryptocurrencies such as Ripple and Ethereum lead the bullish action with gains of 1.17% and 1.18% respectively.

Tron Price Analysis: TRX/USD bounces off key support range

The choppy price movements between $0.0150 support and the critical resistance at $0.0164 seem to be supported by the RSI’s horizontal motion at 55. However, the MACD’s downward movement and the bearish divergence hint that selling influence is still present and could overshadow the buyers’ efforts. In this case, a reversal to the key support range is still on the table.

Ethereum Price Analysis: ETH/USD is ready to break from the triangle pattern

ETH/USD is changing hands at $209.76. The second-largest digital asset has recovered from the intraday low of $202.14 and gained over 2% since the beginning of the day. Ethereum is moving within a short-term bullish trend amid high volatility. The coin’s market capitalization is registered at $23.3 billion, while an average daily trading volume is set at $19 billion.

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FXStreet Team

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Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as investors turn more risk-averse

The cryptocurrency market trades under intense headwinds on Wednesday, led by Bitcoin’s (BTC) deepening sell-off below $60,000. The Crypto King hovers above $58,000.

Pi Network holds on thin ice with 76 million tokens ready to be unlocked

PI is holding steady around $0.1150 on Wednesday, stabilizing after three consecutive days of losses of around 10%. Pi remains under pressure, with more than 76 million tokens scheduled for unlocking in June, potentially accelerating the bearish trend.

Bitcoin sinks to 21-month low amid ETF outflows, US-Iran peace uncertainty

Bitcoin stabilizes around $59,000 after falling to a 21-month low of $57,800 on Wednesday. Geopolitical uncertainty remains elevated after Iran ruled out talks with US envoys, clouding prospects for a peace agreement and keeping risk sentiment fragile.

Jupiter positions for a trend reversal as network activity picks up

Jupiter is up 6% on Wednesday, crossing above its 200-day EMA at $0.2192. Network data shows a spike in monthly revenue and fees in June to a three-month high.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin has remained under pressure this past week, losing over 5% as traders assess mixed signals from different parties involved in the Middle East conflict.