Cryptocurrencies Price Prediction: Bitcoin, TRON and Ethereum – European Wrap 20 October
|Bitcoin Weekly Forecast: Can BTC rally before the next Fed meeting?
Bitcoin price seems to be reacting extremely well to the Fed’s decision to raise interest rates. A part of this connection can be attributed to the high correlation with the stock market. Additionally, high-impact macroeconomic news which affects the traditional markets is also having a noticeable impact on BTC.
TRON Price Prediction: TRX buyers hold off the bears but not for long
TRON price is in a multi-year pattern with serious bearish implications. This pessimistic outlook, however, is not written in stone and could change if buyers come in at the right time.
Ethereum price action grinds lower as bearish triangle remains in play
Ethereum price action barely slipped 2% on Wednesday as the weekly performance of the second biggest cryptocurrency turned negative. Tail risks inflated quite rapidly on the back of turmoil in the UK government whilst its economy flirted with collapse. A campaign of massive continuous bombings by Russia in Ukraine didn’t help either. With these elements still highlighted the mood remains risk-off, triggering a cash exodus out of cryptocurrencies.
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