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Cryptocurrencies Price Prediction: Bitcoin, Cardano & Axie Infinity — Asian Wrap 06 Jan [Video]

FXStreet Team FXStreet

Bitcoin bearish continuation setup could be a trap as BTC positoined for a drop to $35,000

Bitcoin price action shows that some very bearish price action may be coming up soon. Both the Japanese candlestick charts and two Point and Figure charts show dangers to the downside – but follow-through by sellers is necessary and has yet to happen.

Cardano to gain more than 50% as ADA coiled and ready to spring

Cardano price action continues to struggle to make any headway to higher valuations. ADA has spent 19 weeks in a downtrend from the most recent all-time highs made in September 2021. However, bullish momentum may return very soon.

Experts predict Axie Infinity price could rally by 80% as the game rises in popularity

Sky Mavis, developers of Axie Infinity recently revealed land play that is currently under development. Axie Infinity announces seasonal rewards for those who finished the game in the first 1000. Analysts have a bullish outlook on Axie Infinity price, despite scheduled reduction in staking rewards.

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FXStreet Team

FXStreet

XRP defends $1.90 support as ETFs attract inflows despite retail caution

Ripple (XRP) is consolidating above $1.90, a short-term support level, at the time of writing on Thursday. This mild uptick marks two consecutive days of a strengthening technical outlook, following recent market-wide volatility.

Pi Network rebounds on creator event, PI payments updates

Pi Network recovers by over 3% at press time on Thursday, after a steady declining trend. The rebound aligns with the announcement of new updates to the network, including the integration of PI payments and a community-centered creator event.

Crypto Today: Bitcoin, Ethereum, XRP post modest gains as ETF selling pressure intensifies

Bitcoin is extending its modest gains for the second consecutive day, trading above $90,000 at the time of writing on Thursday. Altcoins, including Ethereum and Ripple, are attempting to stabilize after days of persistent selling pressure.

Bitcoin recovers above $90,000 as Trump backs off Greenland tariffs threat

Bitcoin price recovers above $90,000 on Thursday after retesting the midpoint of a horizontal parallel channel. Trump’s Davos speech on Wednesday ended the imposition of new tariffs on European nations against the US purchase of Greenland, improving risk sentiment.

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Bitcoin: BTC bulls remain strong amid institutional demand, risk-on sentiment improves

Bitcoin (BTC) price holds above $95,500 at the time of writing on Friday after rallying more than so far 5% this week. The rising institutional and corporate demand supports the bullish price action in BTC.