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Cryptocurrencies Price Prediction: Bitcoin, WLD & Ethereum – Asian Wrap 24 June

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC under pressure, ETH loses key support, XRP momentum weakens

Bitcoin price trades at $62,700 on Wednesday, maintaining a bearish near-term bias as it remains well below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) at roughly $68,596, $71,747, and $77,384, respectively. The dense cap formed by these overhead EMAs suggests that bounces are likely to be sold into, even as the Relative Strength Index (RSI) stabilizes in mildly oversold territory near 37 and the Moving Average Convergence Divergence (MACD) indicator remains in positive territory, hinting at fading downside momentum rather than a clear bullish reversal.

Crypto Market Overview: Bitcoin loses $63,000 amid tech sell-off – WLD, VVV tokens lead losses

Worldcoin is down 5% at press time on Wednesday, extending its 12% drop from the previous day. Price action reflects a short-term correction phase, following the June 17 high at $0.7229, shifting away from the prevailing recovery phase. Momentum is modest but constructive, with the RSI at 50 falling toward the midline and the MACD crossing below its signal line, hinting that selling pressure is gradually intensifying.

Ethereum Price Forecast: EF cuts 20% of workforce, reduces annual spend by 40% after restructuring

Ethereum has recorded $157 million in liquidations over the past 24 hours, driven by $140 million in long liquidations, per Coinglass data. On the daily chart, ETH is extending a bearish bias as price holds below the 20-, 50- and 100-day Exponential Moving Averages (EMAs) at roughly $1,753, $1,901 and $2,064. The top altcoin also remains below the broken descending trendline trigger near $1,729 and the horizontal cap at $1,741, reinforcing the view that the market remains constrained within a broader downside phase.

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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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Top 3 Price Prediction: BTC under pressure, ETH loses key support, XRP momentum weakens

Bitcoin, Ethereum, and Ripple remain under pressure on Wednesday after falling slightly the previous day. BTC trades below $63,000, ETH slips below $1,700, while XRP momentum continues to weaken. The deteriorating price action in these top three cryptocurrencies suggests a potential continuation of the near-term correction.

Crypto Market Overview: Bitcoin loses $63,000 amid tech sell-off – WLD, VVV tokens lead losses
Bitcoin (BTC) edges below $63,000 at press time on Wednesday, amid a global sell-off of tech stocks, including AI and chip stocks. The broader crypto market recorded $550 million in total liquidations, primarily driven by long liquidations, suggesting sell-side dominance, with Worldcoin (WLD) and Venice Token (VVV) leading losses.
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Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.