|

Cryptocurrencies Price Prediction: Bitcoin, Avalanche & MATIC— American Wrap 18 April

MATIC price breaching this key level could trigger a 50% rally and turn 1.15 billion MATIC profitable

MATIC price currently resides among the few altcoins that have failed to mark any growth over the last two months. The altcoin, in particular, has been facing a barrier for the last month and a half, clearing which is crucial to initiate a bounce back to a price point last tagged by the cryptocurrency in February 2022.
Bitcoin dominance

Avalanche (AVAX) price is gearing up for bulls to hand them a simple but profitable trade. After the break above the red descending trend line on Monday, this week is shaping up for another bullish candle, making it the fourth in a row. Conscious bulls want to trade the 10% gain projected and not go shooting from the start just yet. Otherwise, the rally could get overheated and stall quickly.

AVAX/USD  Weekly chart
Bitcoin price shows a loss of bullish momentum, and it could be due to investors booking profits. Since BTC has produced a lower low, this move could trigger a notorious slide, catching late bulls off-guard. 
BTC/USDT 1-day chart

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

XRP consolidates as inflows and volume climb
Ripple (XRP) retains a slightly bullish outlook on Wednesday despite logging a minor correction from the supply range near $1.15. The remittance token is down 0.5% on the day, reflecting a broader cryptocurrency market drawdown, primarily driven by persistent geopolitical tensions between the United States (US) and Iran in the Middle East.
Bitcoin Price Prediction: BTC recovery holds as ETF inflows persist
Bitcoin (BTC) trades slightly lower around $66,000 on Wednesday as tensions in the Middle East escalate further. Still, the Crypto King is up over 2.5% so far this week.
South Korea crypto volumes shrink as retail investors shift to stocks
South Korea’s major crypto exchanges have seen their trading activity fall sharply over the past year as the country’s stock market surged, suggesting retail speculative interest may be shifting toward equities, Cointelegraph analysis shows.
Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid ETF inflows, US-Iran persistent strikes
Bitcoin (BTC) trades elevated above $66,000 immediate support on Wednesday, following a minor correction from its weekly high of $66,956. The broader crypto market appears to lag on the backdrop of the macro-driven rally, with Ethereum (ETH) hovering above $1,900 and Ripple (XRP) holding support at $1.13.
Bitcoin’s potential recovery in the second half hinges on these 4 catalysts
Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.