|

Cryptocurrencies Price Prediction: Ethereum, Zilliqa & Bitcoin – American Wrap 08 June

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Beware of groupthink as crypto bellwethers test support

Bitcoin price on pace for the third consecutive down month, equalling the July 2019-September 2019 period. Ethereum price revealed a long-legged doji on the monthly chart, warning of indecision and distribution in May, despite the stellar performance to begin May. XRP price testing critical support for the second time since the end of May.

Zilliqa Price Forecast: ZIL teeters on the edge of a 30% decline

Zilliqa price reverses the breakout from a symmetrical triangle pattern after reaching 61.8% Fibonacci retracement. A close below the May 30 low of $0.092 confirms a drop to the May 23 low of $0.069, representing a 30% decline. Zilliqa price currently rests below the 200-day simple moving average (SMA) and on the rising trend line from the March 2020 low. The short-term outlook has naturally switched from mildly bullish to bearish, with May’s lows as potential targets if the trend line fails to block mounting selling pressure.

Bitcoin price flashes buy signal but the upside remains capped

Bitcoin price seems bound for a short-lived correction. A spike in selling pressure could push BTC to 30,000. If this support level holds, the flagship cryptocurrency could rebound to $42,000. Bitcoin price has presented a buy signal. Still, BTC seems bound to retrace before rising above $40,000. 

Author

More from FXStreet Team
Share:

Editor's Picks

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.

Bitcoin, Ethereum, and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Ethereum Price Forecast: FG Nexus continues distribution amid signs of returning risk-on sentiment

FG Nexus, once dubbed an Ethereum treasury firm, resumed offloading the top altcoin on Wednesday, distributing 7,550 ETH, according to data from smart money tracker EmberCN.

Top Crypto Gainers: Stable and Decred rally, Pippin approaches record highs

Altcoins, such as Stable, Decred, and Pippin, are extending gains so far this week, defying the risk-averse conditions in the broader cryptocurrency market. Stable and Pippin are near record high levels, while Decred extends its breakout rally above $30.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.