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Cryptocurrencies Price Prediction: Bitcoin, Chainlink and Dogecoin – European Wrap 21 January [Video]

Bitcoin Weekly Forecast: BTC may capitulate to $30,000

Bitcoin price has dropped considerably over the last three weeks. The recent downswing has made things worse for BTC and hints that a steep correction could be on its way.

BTC/USD 1-weekly chart

Chainlink price at make-or-break point while global markets tumble

Chainlink price has seen a massive collapse over the past five days, resulting in a retest of a crucial barrier. This downswing is not localized to the crypto markets and seems to originate on Wall Street after the Fed tightens the interest rates. This development has caused a massive blow to not just tech stocks but also stay-at-home stocks like Netflix, Peloton, Zoom Video Communications and so on. Due to the overall bearish nature of the markets, a breakdown of the immediate support level could be the key to triggering another leg down for LINK.

 
LINK/USDT 1-day chart

Dogecoin is a security and will be regulated, says Jim Cramer

The host of Mad Money, a CNBC show, issued a warning to Dogecoin holders. Cramer believes that Dogecoin is a security and it will be regulated soon. Analysts believe that the Dogecoin price could start an uptrend. 

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FXStreet Team

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.

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Crypto Today: Bitcoin, Ethereum, XRP hold steady ahead of US CPI

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