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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Dogecoin – American Wrap 07 May

Bitcoin price coils up for 20% climb, Standard Chartered forecasts more gains for BTC

Bitcoin (BTC) price remains devoid of directional bias, trading sideways as part of a horizontal chop. However, this may be short-lived as BTC price action consolidates in a bullish reversal pattern on the one-day time frame.
Ethereum is hinting at a resumption of a sideways movement on Tuesday after seeing inflows for the first time in seven weeks. The Securities & Exchange Commission’s (SEC) Chair Gary Gensler has also called most crypto assets securities following a Wells Notice targeted at ETH-related firms.
Dogecoin (DOGE) price shows signs of a potential reversal on a higher timeframe picture. However, in the short term, it could trigger a quick impulse move to the upside. 
 

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