RATE Group | Bitcoin $8500, Ripple $0.27, Ethereum $185.27. Cryptocurrencies price prediction – Europ…
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Bitcoin $8500, Ripple $0.27, Ethereum $185.27. Cryptocurrencies price prediction – Europ…

14 Nov Bitcoin $8500, Ripple $0.27, Ethereum $185.27. Cryptocurrencies price prediction – Europ…

Posted at 12:44h in Bitcoin News by

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Bitcoin’s recent could have found a pit stop at $8,500 but not a credible bottom. For this reason, the recovery momentum could not overpower the bears’ front staged at $8,800. Meanwhile, the ongoing retreat casts danger on the zone at $8,500 (recent support). According to Mike McGlone, an analyst with Bloomberg the current downtrend is in no hurry to stop.

fxsoriginal

Ripple’s XRP extended thee sell-off to $0.2633 on Thursday. The coin is moving in sync with the market, controlled by bearish sentiments. A sustainable move below $0.2700 support bodes ill for XRP’s short-term forecast, making it vulnerable to further losses.

Ripple’s XRP confluence levels 

Looking technically, $0.27 has turned into a key resistance level for XRP/USD. The longer, the coin stays below this barrier, the worse is the technical picture. Currently, there are several barriers clustered both above and below the price; though the way to the South seems to be the path of least…

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