Cryptocurrencies Price Prediction: Zcash, Bitcoin & Ethereum – Asian Wrap 05 June
Arthur Hayes' “Holy Trinity” is dead: Exits Zcash after Orchard Pool exploit
Zcash trades below $400 at press time on Friday, as the privacy coin has slipped below its 50-day and 100-day Exponential Moving Averages (EMAs) at $495 and $430, respectively. ZEC extends the sharp decline toward the 50% retracement level at $372, measured over the downswing from $750 to $184, close to the 200-day EMA at $367, which still has a broader uptrend-backed tone.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – Bitcoin eyes $60,000, Ethereum risks $1,750, XRP could test $1
Bitcoin edges below $63,000 at press time on Friday, extending a six-day bearish phase after losing the former rising trendline that now acts as resistance near $71,675. The BTC price remains far below the 50-, 100-, and 200-day Exponential Moving Averages (EMAs), which cluster overhead from roughly $74,300 up to $81,455 and reinforce a capped near-term outlook.
Ethereum Price Forecast: BitMine's Strategy-inspired stock offering likely to fuel ETH purchases
Ethereum (ETH) is down more than 1.7% over the past 24 hours on Thursday, extending its weekly decline by 12% despite positive feedback following Ethereum treasury firm BitMine Immersion Technologies' (BMNR) plan to launch a Series A Perpetual Preferred Stock.
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