Cryptocurrencies Price Prediction: Bitcoin, Ethereum and Avalanche – European Wrap 20 February
|This buy signal for Bitcoin price hints the start of a new macro bull run, should you start buying dips?
With Bitcoin (BTC) price up 47% year-to-date, things are looking quite bullish after cascading collapse of major crypto players in 2022. So, this newsletter is focused on answering the questions that most retail investors are faced with right now:
Ethereum price poised for 20% rally due to these reasons
Ethereum (ETH) price shows a clear sign of consolidation around a significantly important monthly resistance level. Although ETH has flipped this hurdle into a support floor on the lower timeframes, investors need to wait for a decisive breakout from the pennant to confirm the start of the second leg.
Avalanche Price Prediction: AVAX set to book 40% gains as this technical signal could expand demand
Avalanche (AVAX) price is seeing bulls storming out of the gate this Monday morning after what appears to be the best-performing week of the month at least. A big bullish signal is nearly in motion as the 55-day Simple Moving Average (SMA) is set to cross the 200-day SMA and form a Golden Cross. Expect that grand bullish formation to fall in line with AVAX crossing above $22 and breaking out of the cap residing there since last September .
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