Cryptocurrencies Price Prediction: Bitcoin, Monero & Crypto – European Wrap 24 September

Bitcoin stabilizes above $62,000 as holders take profits
Bitcoin (BTC) trades around $63,800 on Tuesday, consolidating within the $62,000 and $64,700 key levels. At the same time, on-chain data indicates short-term consolidation due to profit-taking by holders, mild spot BTC Exchange Traded Funds (ETF) inflows, and weakening spot buying pressure.
Monero price is poised for a decline following rejection from key resistance
Monero (XMR), a privacy-centric cryptocurrency, continues to decline on Tuesday after facing rejection for resitance barrier on Monday. On-chain data hints at a bearish sentiment among XMR’s traders as its long-to-short ratio trades below one, suggesting a decline in Monero’s price ahead.
Bitcoin keeps at heights, Litecoin pushes back from resistance
The cryptocurrency market corrected 0.5% to levels from a day earlier to $2.22 trillion, continuing to settle at the top near the previous month's peak. As expected, cryptocurrency sales intensified near the previous peak. The cryptocurrency market will need to rise another nearly 3% to validate the breaking of the multi-month downtrend.
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FXStreet Team
FXStreet
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