|

Cryptocurrencies Price Prediction: AVAX, Polkadot & Bitcoin– American Wrap 24 February

AVAX Price Prediction: Despite an almost 10% crash, Avalanche shows optimistic signals

AVAX price has managed to perform phenomenally to recover the losses it faced back in November 2022. However,  Avalanche has ended up imitating Bitcoin’s price action. Regardless, the altcoin is safe from any downfall, provided these conditions are met.
AVAX/USD 1-day chart
Polkadot ecosystem is preparing for its summit at the ETH Denver 2023 event. DOT started its short-term uptrend on December 30, 2023 and bulls are targeting the $9 level for the altcoin. 
DOT/USDT price chart
BlueWallet is sunsetting its lightning node connection to Lndhub, according to an official statement. BlueWallet will cease custodial lightning operations, meaning that BlueWallet users of the Bitcoin (BTC $23,822) Lightning Network must connect to nodes to continue using BlueWallet lighting services.

BTC/USD

Overview
Today last price23050.74
Today Daily Change-892.03
Today Daily Change %-3.73
Today daily open23942.77
 
Trends
Daily SMA2023254.65
Daily SMA5021792.13
Daily SMA10019276.94
Daily SMA20019779.62
 
Levels
Previous Daily High24598.6
Previous Daily Low23616.84
Previous Weekly High25254.58
Previous Weekly Low21370.42
Previous Monthly High23962.97
Previous Monthly Low16491.68
Daily Fibonacci 38.2%23991.87
Daily Fibonacci 61.8%24223.57
Daily Pivot Point S123506.88
Daily Pivot Point S223070.98
Daily Pivot Point S322525.12
Daily Pivot Point R124488.63
Daily Pivot Point R225034.49
Daily Pivot Point R325470.39

Author

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

More from FXStreet Team
Share:

Editor's Picks

Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Bitcoin: Recovery hopes fade after the Fed spoils the party
Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.