Cryptocurrencies Price Prediction: Bitcoin, XRP & Ethereum – European Wrap 25 October
|Bitcoin Weekly Forecast: New all-time high at $78,900 looks feasible
Bitcoin (BTC) trades slightly down at around $67,500 on Friday after finding support around the $66,000 level on Wednesday, following three consecutive days of decline earlier in the week. While prices are down around 2% this week until Friday, the technical outlook suggests a bullish bias for BTC, projecting a new all-time high of $78,900 in the short-term.
XRP fails to recover even as Ripple files appeal in response to SEC's move
Ripple (XRP) price has been range bound between $0.5666 and $0.5068 since October 3. Over the past 20 days, XRP has traded within the range even as the Securities & Exchange Commission (SEC) vs. Ripple lawsuit sees new developments.
Ethereum Price Forecast: ETH declines below $2,500 as demand fades
Ethereum (ETH) is trading in the red on Friday, nearing its daily support level of $2,461; a close below this level could signal further declines. This bearish outlook is further supported by the Coinbase Premium Index being below neutral and a long-to-short ratio under one, indicating falling demand, and more traders anticipating falling prices.
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.