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Cryptocurrencies Price Prediction: Cardano, Ethereum & Bitcoin – American Wrap 07 October

Cryptocurrencies Price Prediction: Cardano, Ethereum & Bitcoin – American Wrap 07 October
FXStreet TeamFXStreet TeamFXStreet

Bitcoin targets $60,000 next as BTC enters new leg up in bull market

Bitcoin (BTC) price has been on a solid rally with a very technically built bull run. Buyers stepped in each time on crucial technical levels this week, making it a textbook example of how to trade a rally. Bulls are not done yet as there is still some fuel in the tank, and with global markets acting as additional motivation, the next target will be $60,000.

Analyst expects Ethereum price to explode to $30,000 amid network adoption

The vulnerability identified in the ETH2 staking pool has been patched safely. Ethereum's user adoption has exploded with a spike in daily active addresses and unique addresses interacting with the network. WAX blockchain announces two Ethereum compatibility approaches, plans to bring low-cost transactions to smart contracts on Ethereum.

Cardano breaks through resistance, signals 20% advance

Cardano (ADA) price saw some choppy price action this week. The turn came on Wednesday with bulls entering at $2.01, a level that showed its importance already in September. Bulls are now attacking the 55-day Simple Moving Average (SMA) around $2.45, which is putting a price cap on ADA for the moment.

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FXStreet Team

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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