Cryptocurrencies Price Prediction: Bitcoin, Ethereum and Binance Coin – European Wrap 2 September
|Bitcoin Weekly Forecast: BTC bears eye $17,500s if buyers do not step in here
Bitcoin price shows an ongoing consolidation as it hovers at the same level for the past six days with no signs of directional bias. A breakout from this tightening range could result in a bearish move that eyes a sweep of the sell-stop liquidity below recent lows.
Ethereum price turns into a battlefield with bulls trying to push higher
Ethereum (ETH) price is attempting to crack above a major moving average that, if it gives way, could open the door to a 20% rally back up to the August highs at $2000, with along the way $1,688 and $1,928 as good handles along the way to book some gains. If bulls can close above the MA by this evening it will give the green light for a jump higher; a close below, however, could trigger a fade lower towards supportive levels as September finally starts to get underway.
Binance Coin Price Prediction: An 18% crash in the making?
Binance Coin price is at an inflection point which could result in a steep correction if sellers take control. However, buyers are also in a position where they can seize control and reverse the trend.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.