Cryptocurrencies price prediction: BTC, Chainlink & Crypto Market - American Wrap - 22 04
|Bitcoin crosses $91,000 for first time in 50 days: Is Trump behind the latest rally?
Bitcoin price forecast hints at a $95,000 breakout as markets react to rising ETF demand and United States (US) President Donald Trump’s criticism of the Federal Reserve (Fed) Chair Jerome Powell.
Chainlink looks at $14 resistance as outflows from exchanges signal continued demand
Chainlink (LINK) price increases almost 3% on Tuesday to exchange hands at $13.47 at the time of writing. The oracle token, which has recovered 31% from $10.13 – the lowest year-to-date price seen on April 7 –, looks set to uphold its recent uptrend amid rising exchange outflows and a favourable technical setup. Still, the path beyond the $14 level looks more complicated due to the presence of strong resistance clusters.
Bitcoin Price Forecast: BTC extends gains toward $90,000 as ETFs inflows exceed $381 million
Bitcoin (BTC) is extending its gains, trading above $88,000 at the time of writing on Tuesday after rising nearly 3% the previous day. Institutional demand seems to be supporting BTC’s recent price rally, with US spot Exchange Traded Funds (ETFs) recording an inflow of $381.40 million on Monday. Moreover, Microstrategy (MSTR) announced a new purchase of Bitcoins, in this case 6,556 BTC for $555.8 million.
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