Cryptocurrencies Price Prediction: Bitcoin, Bitcoin Cash & Ethereum – European Wrap 14 May
|Bitcoin Price Analysis: BTC/USD above 9,500, is this the beginning of the journey to $20,000?
Bitcoin price is bullish several days after the halving process. While many people expected a massive price action after the halving, Bitcoin has taken a slow approach; first stepping into the $9,000’s range and then breaking the resistance at $9,500. At the time of writing, Bitcoin is trading at $9,540, following a 2.37% growth on the day. Buyers have kept their eyes on the medium-term target at $10,000 since the opening at $9,318.
Bitcoin Cash Price Analysis: BCH/USD trading between the 50-day SMA and 200-day SMA
Bitcoin Cash is battling with selling pressure as the European session commences. From an opening session of $239, BCH only managed to hit intraday highs of $241. The crypto is valued at $238 amid a growing bearish grip.
Ethereum Price Analysis: ETH/USD vulnerable to massive longs liquidations
Rumors about the upcoming launch of the long-awaited Ethereum update caused a strong growth of ETH long positions. The trend has gone parabolic and reached unsustainable levels. Since February, the number of ETH longs on Bitfinex increased by 150% despite the major cryptocurrency sell-off in March.
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