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Cryptocurrencies Price Prediction: Ethereum, Bitcoin and Dogecoin – European Wrap 5 August

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptocurrency markets make comeback as BTC bulls resurface

Bitcoin price taking a second attempt at an upswing to retest $42,451. Ethereum price has flipped a crucial resistance level at $2,640 into a support barrier. Ripple price lacks momentum and is close to testing a crucial demand zone extending from $0.623 to $0.671.

BTC/USDT 9-hour chart

Bitcoin price back on track to $100,000 as BTC exchange outflows skyrocket

Previous bull markets were triggered when the Bitcoin supply held by long-term investors increased consecutively for months. BTC has built a base around $30,000, and the benchmark crypto is back on track for hitting $100,000 in 2021. 

Dogecoin price hesitantly aims at 36% advance

Dogecoin price is facing a tough time pushing past a crucial ceiling, which has stunted its growth. Compared to other altcoins, DOGE is struggling. However, breaching past the said barrier will open the path to an explosive upswing.

DOGE/USDT 9-hour chart

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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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Bitcoin eyes 50-day EMA breakout, Ethereum consolidates, XRP steadies

Bitcoin, Ethereum, and Ripple trade near key technical levels on Friday as the broader cryptocurrency market pauses following last week's recovery. BTC is approaching the 50-day Exponential Moving Average while ETH continues to consolidate between two major EMAs.

Uniswap lead gains, Cardano and NEAR risk rejection at EMAs resistance

Top altcoins Uniswap, Cardano and Near Protocol all saw gains on Thursday after a slight recovery across the crypto market. UNI rallied over 10% on Thursday, reaching a six-month high after unveiling Launches, a new feature in its Web App that aggregates tokens across launchpads that leverages the decentralized exchange as their trading infrastructure.

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Strategy, Coinbase post weak Q2 earnings amid prediction market growth for the exchange

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Bitcoin: BTC holds firm, but the $100 Oil threat could change the game
Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.