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Cryptocurrencies Price Prediction: Bitcoin, Avalanche and SafeMoon – European Wrap 11 March

Cryptocurrencies Price Prediction: Bitcoin, Avalanche and SafeMoon – European Wrap 11 March
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Weekly Forecast: BTC weakens structural support, hinting at a crash to $30,000

Bitcoin price remains stuck between two crucial levels with no sign of directional bias. The immediate support area that prevented a steep correction seems to be getting weaker with every retest, indicating that a breakthrough to the downside is likely.

BTC/USDT 1-day chart

AVAX price needs to revisit $70 before Avalanche bulls recover losses

AVAX price is experiencing a lack of directional bias, leading to sideways movement. Avalanche price needs to retest a vital support level before rethinking its allegiance.

 
AVAX/USDT 4-hour chart

SafeMoon price continues its bullish journey to $0.00164

SafeMoon price has lagged in its recovery, and lately, the uptrend seems to be going slowly. A continuation of this bounce seems plausible considering the consolidative nature of the big crypto.

SAFEMOON/USDT 4-hour chart

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Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.