Bitcoin, Ethereum & Ripple – American Wrap 06 October

Bitcoin goes through supply shock while analyst forecasts $200,000 BTC

Bitcoin supply shocks have historically pushed the asset’s price higher. Bitcoin’s previous rallies have been triggered by a drop in supply across exchanges and a spike in whale accumulation. 

Ethereum price to set new all-time high at $4,500 as ETH bulls take over

Ethereum price has finally caught up with Bitcoin’s price action by displaying a bullish condition within the Ichimoku Kinko Hyo system. There were some concerns about whether Ethereum was positioning for a bull trap, but those fears were mainly laid to rest.

Here’s why XRP price will skyrocket to $15

XRP price has been struggling lately on a lower time frame, while altcoins are enjoying massive bull rallies. However, on the weekly chart, Ripple indicates that it is forming a massive bullish pattern that could propel it higher.

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