Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple – American Wrap 25 June
|Bitcoin Technical Analysis: BTC/USD briefly dips below $9,000 and loses the daily uptrend
Bitcoin lost the daily 12-EMA and the 26-EMA on June 24 after a notable crash towards $9,000. On June 25, Bitcoin finally succumbed and dipped below $9,000 but not for long. The top-ranked digital asset remains inside a daily ascending parallel channel formed at the beginning of May.
-637287080674428428-637287133984635008.png){kind=link}
Ethereum Technical Analysis: ETH/USD bounces from $227 and holds the daily uptrend
This is the second bullish reversal candlestick formed by Ethereum. The pattern can be seen on June 15 as well, where ETH/USD did get a decent amount of continuation the next day which eventually led to a significant break towards $250. Will history repeat itself? The situation is different but better for Ethereum as the digital asset is now in a daily uptrend and much closer to the daily 12-EMA.
-637286933582688075-637287134147765663.png){kind=link}
Ripple Price Prediction: Is XRP/USD at danger of falling towards $0.10 again?
It’s quite apparent that XRP has been weaker than Bitcoin or Ethereum. XRP, like most of the other altcoins, is following Bitcoin, however, every crash, XRP crashes harder and every bounce recovers less. The XRP/BTC pair has been in a huge downtrend basically since January 2018.
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.