Cryptocurrencies Price Prediction: Bitcoin, Decentraland and Ripple – European Wrap 10 December
Bitcoin price is currently hovering around a crucial barrier as bulls and bears hash it out. This fight for control shows indecision among the participants and is often formed before a volatile move. Short-term investors need to be cautious about the next move, therefore, so as not to be caught off guard.
Decentraland price is currently providing sidelined buyers with another opportunity to accumulate before an uptrend kick-starts. The resulting uptrend is likely to propel MANA to post a higher high.
Ripple (XRP) price hurt investors yesterday after shooting above the 200-day Simple Moving Average (SMA) at $0.95, only to then fall back down again soon after The breakout lured many bulls in but in the late US session price collapsed, and XRP fell back into the pennant price pattern. After what seems to have been a bull trap investors are likely to cut their losses leading to an accelerated move down towards $0.62, should support at $0.78, not hold.