Cryptocurrencies Price Prediction: Bitcoin, Ethereum and Chainlink – European Wrap 11 September

Bitcoin Price Prediction: BTC crucial liftoff to $12,200 – discovering on-chain metrics

The flagship cryptocurrency is currently stuck in consolidation. The sluggish price movement comes after recovery from the recent dips under $10,000. On the upside, BTC is limited under $10,400. Meanwhile, the Bollinger Band highlights that ongoing consolidation is nearing an end. Read more

BTC/USD price chart

Ethereum Price Analysis: On-chain data bodes well for ETH bulls

At the time of writing, ETH/USD is changing hands at $361, down nearly 4% on a day-to-day basis. The coin hit the highest level of 2020 at $488 on September 1 and crashed to $307 by September 5, effectively losing over 34% in less than five days. Despite the recovery from the recent lows, the coin struggles to gain bullish momentum to get outside the current consolidation range. Read more

ETH/USD

Chainlink Technical Analysis: LINK on the cusp of a remarkable breakout to $17

Chainlink appears to be building a bullish trend in the short timeframe. Significant progress has been made since the drop below $10 in the first week of July. However, it is worth mentioning that the selling pressure at $13 continues to give bulls a hard time. Over the past few days, the price has been consolidating within the Bollinger Bands in the hourly range. As the Bollinger Bands squeeze, LINK draws closer to a period of high volatilityRead more

LINK/USD price chart

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