Cryptocurrencies Price Prediction: Bitcoin, Ripple & ChainLink – Asian Wrap 8 Oct
|Bitcoin Price Forecast: BTC faces strong resistance stack between $10,700-$10,800
The price is consolidating in a symmetrical triangle pattern and is currently sandwiched between the 50-12-hour SMA and 200-12-hour SMA. Strong resistance lies at the 50-12-hour SMA curve ($10,700) that has repeatedly rejected the price.
Ripple Market Update: All eyes on the upcoming Swell event as XRP keeps getting rejected at key resistance level
Swell is Ripple’s annual conference held by the American technology company Ripple. First announced in August 2017, it’s an interactive conference that brings together the top figures in the digital currency and blockchain worlds. In 2020, the event will be held virtually on October 14 and 15.
Chainlink Price Prediction: LINK could re-test $10 but faces steep resistance ahead
On September 24, LINK had a massive price spike from $7.4 to $10.53, climbing above the 100-SMA and turning it into support. Unfortunately, this level was lost on September 29 and the price started to decline shortly after. Several buy signals have been presented on numerous time-frames, showing increased buying 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.