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Cryptocurrencies Price Prediction: Bitcoin, XRP & Ethereum – European Wrap 25 October

Cryptocurrencies Price Prediction: Bitcoin, XRP & Ethereum – European Wrap 25 October
FXStreet TeamFXStreet TeamFXStreet

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.

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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. 

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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.

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