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Cryptocurrencies Price Prediction: Ethereum, Cardano & Bitcoin – American Wrap 1 December

Cryptocurrencies Price Prediction: Ethereum, Cardano & Bitcoin – American Wrap 1 December
FXStreet TeamFXStreet TeamFXStreet

Bitcoin to blast off to $100,000 following Plan B’s Stock-to-Flow model

Plan B has reaffirmed Bitcoin price target of $100,000 in one standard deviation band in his Stock-to-Flow model. One of the largest asset managers, Fidelity Investments, plans to launch a spot Bitcoin ETF in Canada this week. Alex Krüger has placed the odds of Bitcoin hitting fresh all-time highs by the year-end at 17%, as headwinds increase. 

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Altcoins recover as BTC chops

Bitcoin price is making a short-term run for the $60,000 psychological level in an attempt to move higher. Ethereum price inches closer to retesting the all-time high at $4,880 after rallying 22% over the past five days. Ripple price looks to collect liquidity resting above the $1.1 resistance barrier.

Cardano price positioned for bullish reversal, with 100% gains in sight

Cardano price reversal in the cards due to critical Gann time cycle. Extended oversold conditions increase the likelihood of anticipated reversal. A return too, and above, the $3.00 value area is incoming. Cardano price action has been some of the most dismal and disappointing out of all the major cryptocurrencies. But Cardano’s fortunes are about to change.

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Ripple is trading under pressure at the time of writing on Thursday, after bulls failed to break the short-term resistance at $2.22. The reversal may extend toward Monday’s low of $1.98, especially if risk-off sentiment persists in the broader cryptocurrency market.

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Bitcoin: BTC steadies as data suggests local bottom

Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.