RATE Group | Bitcoin $8500, Bitcoin Cash $235, Litecoin $45. Cryptocurrencies Price Prediction – European Wrap
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Bitcoin $8500, Bitcoin Cash $235, Litecoin $45. Cryptocurrencies Price Prediction – European Wrap

04 May Bitcoin $8500, Bitcoin Cash $235, Litecoin $45. Cryptocurrencies Price Prediction – European Wrap

Posted at 14:48h in Cryptocurrency News by

Bitcoin price failed to make a comeback into the $9,000’s range over the weekend. The stability followed an incredible bullish action on Thursday last week that saw the price high new April highs at $9,466. The bullish action was, however, met by increased selling activity and coupled with the high volatility in the market, pulled Bitcoin into a reversal action, the extent of testing new support at $8,400. A minor recovery ensued but Bitcoin stalled under $9,000.

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Bitcoin Cash extended the bearish action on Monday below the $240 support. A low was formed at $235, marking the end of the intraday bearish action. BCH/USD has corrected upwards to trade at $241. However, it is still far from the intraday high achieved at $252. With entire cryptocurrency market clouded by a bearish wave, BCH could retest the short support but no rapid price movements are expected in the near term especially with the volatility shrinking.

BCH/USD price chart

Litecoin topped at $50.96 on…

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