Cryptocurrencies price prediction: Bitcoin, Ethereum & Ripple - American Wrap - 05 November
|Bitcoin technical analysis: BTC/USD the big barrier of $9100 - 9500 is being tested
Bitcoin price is trading in negative territory, down some 1.45% in the second half of the session.
BTC/USD price action is further narrowing within a pennant structure, subject to a breakout.
Big supply area is seen running from $9100-9500, ahead of the psychological $10,000 mark.
Ethereum technical analysis: ETH/USD must break down $200
Ethereum price is trading in the green, up 2.15% the session on Tuesday.
ETH/USD has offered little in terms of volatility over the last 11 sessions, as the price consolidates.
A strong barrier of resistance is observed at the psychological $200 mark, preventing further upside pressure.
Ripple's XRP technical analysis: XRP/USD bulls having another go at $0.3000
Ripple's XRP price is trading with the green by some 0.65% in the session on Tuesday.
XRP/USD running towards its second consecutive session in the green.
Should the bulls break down 0.3000, it would likely open the door to a fresh wave of selling pressure.
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.