Cryptocurrencies Price Prediction: Bitcoin, Polkadot and Shiba Inu – European Wrap 22 April
|Bitcoin Weekly Forecast: Early longers trapped, a move to $46,200 likely
Bitcoin price reveals an opportunity to buy as it stoops to crucial support levels. This downswing looks to be a ploy from market makers to purge the sell-side liquidity before triggering an uptrend.
Failed attempts at bull rally could crash Polkadot price to this level
Polkadot price is at a junction where a failure to breach through significant hurdles will result in a corrective phase. On the other hand, a swift recovery above these levels could set a base for impressive gains.
Why Shiba Inu price is set for a 15% value increase
Shiba Inu (SHIB) price slipped in late trading hours on Thursday after earnings shook the markets. Instead of seeing a continuation to the downside, bulls have already pared back most of the incurred losses and are back on track to test the sloping side of a wedge pattern. Add to that the fact that there is a catalyst event this weekend with the French elections, where Macron is set to win according to the polls, and price action is set to pop in favour of bulls.
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