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Cryptocurrencies Price Prediction: Bitcoin, Cardano and Dogecoin – European Wrap 21 May

Cryptocurrencies Price Prediction: Bitcoin, Cardano and Dogecoin – European Wrap 21 May
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Weekly Forecast: Capitulation rages as BTC freefalls, flushing out weak hands

Bitcoin price tried recovering from last week’s severe drop on May 12, but things took a u-turn as the cryptocurrency market fell off the rails, repeating the disaster last seen in March 2020. As BTC finds its footing, several on-chain developments suggest a consolidation could follow a swift upswing, while others indicate another sell-off.

BTC/USD 1-day chart

Cardano Price Prediction: ADA bulls' inability could lead to a 15% drop

Cardano price shows a second bearish attempt to break an uptrend as it dipped into a critical demand area. If the sell orders keep piling up, ADA is likely to retest the confluence of two crucial support levels.

ADA/USDT 4-hour chart

Dogecoin Price Forecast: DOGE squeezes before resuming the uptrend

Dogecoin price stabilizes after the harsh scourge of May 19. DOGE bullish rally has not come to an end and could retest the all-time high at $0.74. The Bollinger bands on the 12-hour chart suggest an entry price DOGE at $0.34

DOGE/USDt 12-hour chart

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