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Cryptocurrencies price prediction cardano bitcoin uniswap asian wrap september
Confirmed
In Short: Bitcoin and other major cryptocurrencies like Ethereum and Ripple trade above key levels, but face near-term risks.
Bitcoin's price on Friday was at $76,770, maintaining a bullish near-term outlook as it stayed above critical EMAs.
Uniswap also trades near $7.9520, holding a clear bullish bias as the price holds well above the 50-, 100-, and 200-day EMAs.
Ethereum and Ripple extended their recovery, trading above $2,400 and $1.300, respectively, on Friday.
Despite the strong recovery, Bitcoin faces mild pressure, trading below $77,000 on Tuesday, following a recovery the previous day.
Ripple is losing strength, trading below $1.40 on Tuesday, indicating near-term risks.
The Bitfinex Alpha report notes that Crypto King price action remains range-bound, and liquidation risks are building in the near term.
Bitcoin has staged a strong recovery after falling to a yearly low of $57,800 in July, gaining nearly 33% and recording two consecutive months of gains in July and August.
Cardano (ADA) extends its recovery, trading above $0.210 at the time of writing on Friday, after finding support around a key zone earlier this week.
These top three cryptocurrencies now face key technical levels that could determine whether their recoveries extend further or pull back.
Despite Bitcoin's recent surge to record highs over a year ago, the expected altcoin season has not materialized as anticipated.
What this adds
Friday's trading marks a continuation of the recovery trend for Bitcoin, Ethereum, and Ripple, despite near-term risks.
Background
Bitcoin and other major cryptocurrencies like Ethereum and Ripple trade above key levels, but face near-term risks.
What's confirmed
- Uniswap trades near $7.9520, maintaining a clear bullish bias as the price holds well above the 50-, 100-, and 200-day EMAs, which are clustered between roughly $5.32 and $4.39.
- Bitcoin, Ethereum, and Ripple extend their recovery, trading above $76,700, $2,400 and $1.300, respectively, on Friday.
- Meanwhile, the latest Bitfinex Alpha report notes that Crypto King price action remains range-bound, and liquidation risks are building in the near term.
- Bitcoin (BTC) faces mild pressure, trading below $77,000 at the time of writing on Tuesday following a recovery the previous day.
- Cryptocurrency prices are under pressure on Tuesday, with Bitcoin (BTC) retreating below $77,000.
- Ripple (XRP) is losing strength, trading below $1.40 on Tuesday.
- These top three cryptocurrencies now face key technical levels that could determine whether their recoveries extend further or pull back.
- Bitcoin has staged a strong recovery after falling to a yearly low of $57,800 in July, gaining nearly 33% and recording two consecutive months of gains in July and August.
What's still developing
- With Bitcoin soaring to record highs just over a year ago, everyone expected a routine altcoin season, where investors take profits from the top crypto to chase higher returns in altcoins.