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Cryptocurrencies price prediction cardano bitcoin uniswap asian wrap september
Developing
In Short: Bitcoin trades below $77,000, while Cardano and Uniswap maintain bullish trends.
Bitcoin's price dipped below $77,000 on Tuesday, reversing some of the gains made the previous day. According to the latest Bitfinex Alpha report, Bitcoin's price action remains range-bound with increasing liquidation risks in the near term.
Ethereum and Ripple also extended their recovery, trading above $2,400 and $1.300, respectively, on Friday. This suggests a broader positive trend across major cryptocurrencies despite Bitcoin's slight retreat.
The overall market sentiment remains cautiously optimistic, with many cryptocurrencies holding above key support levels and maintaining bullish biases despite the slight pressure on Bitcoin.
What's still developing
- 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.
- Bitcoin price trades at $76,770 on Friday, holding a bullish near-term bias as it remains comfortably above the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs) clustered between roughly $71,600 and $73,824.
- 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.