Cryptocurrencies Price Prediction: Bitcoin, Zcash & Theta – Asian Wrap 25 Sep
|Bitcoin Price Forecast: BTC faces strong resistance at $10,800
In the 12-hour chart, BTC/USD has dropped from $10,744 to $10,695 following two straight bullish sessions wherein the price bounced up from the $10,223.42 support line and breaking above the SMA 200 and SMA 50 curves. Currently, the price has met resistance at the SMA 20 and dropped down.
Zcash Price Analysis: Bulls take over after ZEC flashes buy signal in the daily chart
Zcash has a little over 53 days left before it goes through the next halving event. Similar to Bitcoin, Zcash also goes through a halving event every four years. The current block reward happens to be 6.25 ZEC, which will drop to 3.125 ZEC following the halving.
Theta price analysis: THETA reaches all-time high levels and may face bearish correction
The daily chart has charted a cup and handle pattern, from which the buyers enjoyed a bullish breakout. However, the RSI is trending on the verge of the overbought zone as the price looks to open the doors for short-term bearish correction. To see how much the correction will be, let’s check the IOMAP.
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.