Cryptocurrencies Price Prediction: Bitcoin, Tron and Cardano – European Wrap 4 September

Bitcoin seems poised to fill CME gap at $9,600, but how likely would it be?

The flagship cryptocurrency has been on a downward spiral for a couple of days now. The declines commenced just after BTC failed to hold above $12,000 following a breakout earlier this week. BTC/USD succumbed to an increased in the selling pressure, exploring levels slightly below $10,000. Many analysts weighed in on the matter believe that the pullback could be Bitcoin's way of closing the CME BTC Futures gap before it resumes the uptrend. 

Ethereum Market Update: ETH contract calls on steroids, price may follow the lead

Ethereum's collapse gathered pace after the price broke below the critical support level of $400. At the time of writing, ETH/USD is changing hands at $388.79, down nearly 11% from this time on Thursday. The second-largest digital asset recovered from the intraday low of $374.81, but the upside momentum remains weak as long as the price stays below $400. 

TRON Price Analysis: TRX/USD continues surging, but different technical metrics spell trouble

TRON's TRX has been one of the best-performing digital assets out of top-20 recently. The coin has gained over  15% on a day-to-day basis and over 80% on a weekly basis. At the time of writing, TRX is changing hands at $0.0438. The coin has jumped to the ninth position in the global cryptocurrency rating, with the current market capitalization of $3 billion. An average daily trading volume surpassed $7 billion in the recent 24 hours, which is over 700% increase compared to average daily trading volumes registered during the previous week. 

Reprinted from fxstreet , the copyrights all reserved by the original author.