Cryptocurrencies Price Prediction: Bitcoin, Axie Invinity & Ethereum — Asian Wrap 31 Dec

Bitcoin Price Prediction: Buy opportunity before BTC hits $63,000

Bitcoin price has found some significant support against a make-or-break price level. A large number of new short positions was opened near the close of yesterday’s candlestick – and those new short sellers are likely feeling the pressure as Bitcoin ticks higher.

Axie Infinity could spike over 60%, but downside risks for AXS remain

Axie Infinity price has faced significant selling pressure since the beginning of November, dropping as much as 46% from the all-time high. AXS is currently down 42% from the all-time high. There are some signs that a strong rally may occur – but other signs point to further movement south.

Ethereum presents a massive buy opportunity before ETH hits $6,000

Ethereum price has just created sufficient conditions for one of the most potent bullish reversal signals in Point and Figure analysis. The potential trade could trigger a $2,000 rise from the entry with a more than 50% gain. Ethereum price has one of the best bullish reversal setups it has seen in a while on the $100/3-box reversal Point and Figure Chart.