fxs_header_sponsor_anchor

Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – Asian Wrap April 9

Bitcoin technical analysis: BTC/USD sits below a huge stack of resistance

BTC/USD had a bearish start to this Thursday as the price fell from $7,369 to $7,310. The daily confluence detector shows that there is a lack of healthy support levels to hold the price up. On the other hand, the price is sitting directly below a strong stack of resistance from $7,350-$7,415. 

 

Ripple Price Analysis: XRP/USD flirting with the 38.2% Fibonacci amid consolidation

Ripple price has kicked off the session on Thursday with losses amounting to 1.07%. The majority of the digital assets in the market are grappling with increased selling pressure. Bitcoin price is down 0.57% to trade at $7,326 while Ethereum has lost 1.1% of its value to trade at $171.

 

Ethereum Price Analysis: ETH/USD drops down after encountering resistance at the SMA 200

ETH/USD is currently consolidating in a flag formation as it dropped from $173.31 to $171.75 in the early hours of Thursday. The price encountered resistance at the SMA 200 and fell down. If the bulls were to regain control, they have three obvious goals - take the price up to $173.50 and break above the SMA 200, go above $176.50 to break above the SMA 50.

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.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.