Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Cardano — Asian Wrap 14 June

FXStreet Team FXStreet

Ethereum revisits historical indicator low last touched in 2019 at $120

ETH price revisits historical RSI low, which commenced the 2019-2021 bull run. Ethereum price has impulsively fallen, and detecting a conventional reversal signal will be challenging. An early invalidation of the bearish downtrend could be a breach at $1570 for investors willing to take on a high-risk, high-reward setup.

Can Bitcoin price dip lower? This is the support level traders are watching carefully

Bitcoin price reacquaints 2020 areas of interest as bear press $23,000. Increased volatility is likely to occur in the coming days. Bitcoin price has experienced a devastating decline to start this week’s trading session. BTC price is now consolidating in an uncertain spot. The steep decline has breached all short term bullish ideas.

Cardano price could sweep 2022 lows unless this happens

Cardano price is on track to sweep the May 12 lows at $0.39. Traders who have not entered following last week’s bearish thesis should wait for continuation signals. Cardano price, like several cryptocurrencies, is experiencing a steep sell-off to start the third trading week of June.

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FXStreet Team

FXStreet

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Ripple ticks up as buyers re-engage

Ripple trends higher at the time of writing on Thursday, trading above $1.12. The cross-border remittance token seeks to erase a persistent downtrend that has weighed on the price since mid-May, as investors navigated geopolitical tensions in the Middle East.

Crypto Today: Bitcoin, Ethereum, XRP rebound broadens despite continued US-Iran strikes

Bitcoin steadies its recovery on Thursday, edging higher toward $63,000 despite incessant capital outflows. Meanwhile, altcoins, including Ethereum and Ripple, exhibit subtle rebound signs, trading above $1,650 and $1.12, respectively.

Bitcoin stages modest rebound ahead of US PPI data

Bitcoin recovers slightly, trading above $62,500 on Thursday after three consecutive days of losses. US-listed spot ETFs recorded outflows of $213.85 million on Wednesday, indicating persistent withdrawals amid renewed US-Iran tensions.

Pi Network: Recovery at risk with 16 million PI tokens ready for unlock

Pi Network edges higher on Thursday after three days of consecutive losses earlier this week, extending the prevailing downtrend since late April. The scheduled unlocking of 16 million PI tokens on Thursday could add pressure to the intraday recovery.

Bitcoin: After the bloodbath, everyone looks at $60,000

Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty. The institutional sell-off continued to wreak havoc on capital flows, with spot Bitcoin Exchange-Traded Funds (ETFs) recording billions in outflows.