Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple – American Wrap 29 June
|Bitcoin Price Prediction: BTC/USD is close to a strong move above $10,000 as the number of Bitcoin inside exchanges keeps dropping
Bitcoin is currently trading at $9,130 after a negative weekend. Bears managed to crack $9,000 and BTC/USD dropped as low as $8,800 on some exchanges. However, the move didn’t last long and bulls were able to buy the dip and recover above $9,100. Bitcoin is still in a daily downtrend but $9,000 has proved to be a strong support level.
Ethereum Technical Analysis: ETH/USD drops to $216 hitting a monthly low indicating imminent trend reversal
Ethereum is currently trading at $226 after failing to defend the last daily low of $225. Unfortunately, bulls have lost the daily uptrend even though Ethereum has recovered from the $216.37 dip.
-637290519925045808-637290552522949699.png){kind=link}
Ripple Technical Analysis: XRP/USD plummets down to $0.169, XRP could be doomed
While the entire crypto market suffered a dip on June 27, it’s clear that XRP is almost always the most affected coin. Every crash, XRP crashes further, and then, when it’s time to recover, it’s weaker. Basically, with every recovery, XRP is a little lower than before losing its market capitalization dominance while Bitcoin cash inches closer to the top 4.
-637290331412426070-637290552697955386.png){kind=link}
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.