Cryptocurrencies Price Prediction: Cardano, BCH & Bitcoin – Asian Wrap 19 June

FXStreet Team FXStreet

Cardano Price Forecast: Derivatives and on-chain losses compound bearish trend

Cardano (ADA) remains under pressure, trading below $0.165 at the time of writing on Friday, losing over 11% so far this week. Weakening derivatives metrics and deteriorating on-chain data support further correction on ADA. Cardano derivatives metrics support a negative outlook. CoinGlass’ long-to-short ratio for ADA reads 0.62 on Friday, nearing its lowest level in over a month. This ratio, being below one, reflects bearish sentiment in the market, as more traders are betting on the asset’s price to fall.

Crypto Overview: Bitcoin extends decline amid US-Iran negotiation concerns – BCH, HYPE lead losses

Bitcoin Cash trades below $200 at the time of writing on Friday, maintaining a bearish bias well beneath the 20-day SMA around $224 and the 50-day EMA near $303.60. The BCH price is compressing toward the lower Bollinger Band at roughly $163, while the RSI hovers in oversold territory near 27, suggesting that downside pressure persists but the sell-off is becoming stretched, even as the MACD histogram remains in the positive territory.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC weakens, ETH turns lower, XRP faces channel rejection

Bitcoin price trades at $63,021 on Friday after losing over 4% so far this week. BTC is extending a corrective phase below all key Exponential Moving Averages (EMAs), which cluster well above the current trading level, reinforcing a bearish near-term bias. The loss of the former rising support line, now a broken trend floor-turned-resistance around $73,925, underscores a market that remains capped despite the recent rebound. The Relative Strength Index (RSI) on the daily chart is hovering in the mid-30s, hinting at persistent but not yet extreme downside pressure. Meanwhile, the Moving Average Convergence Divergence (MACD) holds above the zero line with a positive reading, suggesting that bearish momentum is moderating rather than accelerating.

Author

FXStreet Team

FXStreet

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.

Ripple risks extending drop as June lows come into view

Ripple (XRP) ticks down below $1.20 with short-term support at $1.16 intact at the time of writing on Thursday. An early-week rally was rejected at $1.28, weighing on sentiment as traders broadly de-risked.

Crypto Today: Bitcoin, Ethereum and XRP pare losses on increasing bets of Fed tighter monetary policy

Cryptocurrency prices are broadly moderating downwards on Thursday, as market participants assess the impact of the Fed’s hawkish monetary policy stance. Bitcoin edges lower, with support at $64,000 holding.

Bittensor Price Forecast: TAO closes in key support, risking deeper losses

Bittensor price edges below $250 at press time on Thursday, marking its fourth straight day of losses. The AI token is losing retail demand as TAO futures Open Interest dips over 8% in the last 24 hours.

Bitcoin slips below $64,000 as hawkish Fed stance weighs on risk appetite

Bitcoin remains under pressure, extending its correction, trading below $64,000 at the time of writing on Thursday. The US Fed left interest rates unchanged but struck a hawkish tone on Wednesday, dampening the risk sentiment.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.