Cryptocurrencies Price Prediction: Bitcoin, Cosmos & Tezos – Asian Wrap 6 Oct
Bitcoin Price Forecast: BTC upside potential capped at $11,560
The relative strength index (RSI) for the flagship cryptocurrency is trending around the midline as BTC's supply and demand keep canceling each other out. If the price has a bearish breakout from the triangle, it will fall to the $10,600 support line, which should absorb most of the selling pressure (further explained in the IOMAp section).
Cosmos Price Prediction: ATOM sits on the verge of a 35% upswing
ATOM appears to be developing an inverse head and shoulder pattern on its 12hr chart. The neckline seems to be at $5.6. If the buyers gain enough momentum to break above this level, it could precede an upswing to $7.50, as dictated by the TD sequential indicator.
Tezos Market Update: Decentralized identities to launch on Tezos, XTZ goes through price consolidation
Spruce Systems are currently working on a system to bring in decentralized identifiers (DID) to the Tezos ecosystem. DIDs are one of the core components of self-sovereign identity (SSI). SSI is a movement that gives an individual complete control over their identity.
Author
FXStreet Team
FXStreet
