Cryptocurrencies Price Prediction: Cardano, Bitcoin & Ethereum – Asian Wrap 07 August

Crypto Overview: US Senate delays Clarity Act vote – Cardano and LayerZero sustain gains

Bitcoin maintains a bearish near-term bias as its price holds below the 50-day EMA at $64,637 and remains well below the 100-day EMA at $66,977 and the 200-day EMA at $72,419. The Moving Average Convergence Divergence (MACD) is marginally below its signal line, hinting at waning downside momentum, while the Relative Strength Index (RSI) near 51 suggests a broadly neutral tone rather than a decisive directional push.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC under pressure, ETH trades sideways, XRP gravitates toward $1

Bitcoin price trades at $64,318 on Friday, maintaining a mildly bearish near-term bias as price holds beneath the 50-day Exponential Moving Average (EMA) at $64,637, as well as the 100-day EMA at $67,021 and the 200-day EMA at $73,149. The Relative Strength Index (RSI) at 51 sits near neutral, while the Moving Average Convergence Divergence (MACD) hovers just below the zero line with a slightly negative reading, hinting at subdued bullish momentum and a market that remains capped by overhead trend filters.

Ethereum Price Forecast: Whales absorb retail distribution as bear market nears late stage​

Ethereum (ETH) large holders have been accumulating the supply of retail investors in 2026. In a report released late Wednesday, CryptoQuant analysts highlighted that the supply of the 1K-10K ETH cohort has fallen from 15.6 million ETH in January to roughly 12.9 million ETH. The distribution pattern in this cohort accelerated in early January and late April, preceding notable declines in the top altcoin.