Cryptocurrencies Price Prediction: Rippe, Bitcoin and Ethereum – European Wrap 25 July

view original post

Bitcoin price shows a lack of bullish momentum as it bounces off the previously created range. This development could result in a bearish outlook if the immediate support cluster is breached. In such a case, Ethereum and Ripple price are likely to follow suit and drop.

Bitcoin price is undergoing an uptick in sell-side activity that has led to a retracement after nearly a week of an uptrend, starting July 13. Now, BTC has arrived at a level that will decide its fate and perhaps the directional bias for altcoins. 

Ethereum price is doddering marginally below $1,550 following a few days of stability. The leading smart contracts token had jumped from support roughly at $1,040 in the previous week, and nearly brushed shoulders with $1,700. ETH’s ability to carry on with the recovery to $2,000 may be limited due to the upcoming Federal Open Market Committee (FOMC) meeting.