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

FXStreet Team FXStreet

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.

Avalanche price bears low-hanging fruit as a 10% gain lies just around the corner

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.

Bitcoin Price Forecast: Can BTC bears manifest a 30% crash?

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.

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FXStreet Team

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Crypto Today: Bitcoin, Ethereum, XRP extend decline, pressured by increasing ETF outflows

Cryptocurrencies are trading under pressure on Thursday, weighed down by risk-off sentiment driven by Middle East tensions and macroeconomic uncertainty. Bitcoin has extended its decline below $65,000 and is targeting the key support area at $60,000.

Bitcoin’s massive storm is back: Why the sell-off is far from over

Bitcoin price action over the last few weeks has felt less like a normal, healthy correction and more like a slow grinding crash that continues to wreak havoc on holdings and trading accounts. And everything suggests that the dramatic crash isn’t over.

Hyperliquid and Near Protocol fall sharply as Arthur Hayes dumps HYPE and NEAR for Worldcoin

Hyperliquid (HYPE) and Near Protocol (NEAR) prices have dropped 11% and 17%, respectively, at press time on Thursday, erasing gains as the well-known investor Arthur Hayes dumps HYPE and NEAR holdings.

Pi Network hits record low as market-wide risk-off sentiment weighs

PI price hovers around $0.1300 at press time on Thursday, reflecting a mild rebound from the $0.1186 record low reached earlier on the day. Deposits totaling roughly 1 million PI tokens on exchanges over the last 24 hours suggest waning investor confidence amid a broader market risk-off sentiment.

Billions in ETF outflows don’t bode well

Bitcoin (BTC) remains under pressure, trading below $74,000 on Friday, and is set to post its third consecutive week of losses. The institutional sell-off continues, with spot BTC Exchange-Traded funds (ETFs) recording billions in outflows. In addition, sticky inflation and macroeconomic headwinds suppress the Crypto King’s upside potential. Institutional demand continues to weaken so far this week.

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