Cryptocurrencies Price Prediction: Bitcoin, Cardano & Axie Infinity — Asian Wrap 06 Jan [Video]
![Cryptocurrencies Price Prediction: Bitcoin, Cardano & Axie Infinity — Asian Wrap 06 Jan [Video]](https://editorial.fxstreet.com/images/Markets/Currencies/Digital Currencies/Bitcoin/bitcoin_closer.jpg)
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.
Author
FXStreet Team
FXStreet
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.
