Cryptocurrencies Price Prediction: Bitcoin, Swipe & Enjin — Asian Wrap 13 Apr
|Bitcoin price near record high, but deep correction awaits eager speculators
Outside of the March blip, Bitcoin price has failed to convincingly get above the February high at $58,367, creating a mix of anticipation and restlessness among speculators and media titans. The last three days’ price action has voided the head-and-shoulders top alternative and puts the attention back again on the rising wedge thesis.
Swipe price raises doubts about new rally as SXP loses bullish momentum
Swipe price has been wedging higher since mid-February until the April 10 breakout into all-time highs. The bearish reversal on April 10 combined with another bearish reversal today should caution traders that the upside will be limited in the short-term, and the potential for a deeper correction is now present.
Enjin Coin price rally fades quickly despite Coinbase listing
Enjin Coin was drifting until the bullish outside day on April 7, encapsulating the previous 11 days on well above-average volume. The following breakout into a new high was decisive, but it has since retraced back into the base. The next couple of days will be vital to ascertaining whether ENJ can restart the rally.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.