|

Cryptocurrencies Price Prediction: Bitcoin, DEX & MASK– American Wrap 16 February

Bitcoin price could run up to $41,000 over the next month if it follows this pattern

Bitcoin price rose by nearly 10% in the last 24 hours to bring the trading price to $24,460. While many assume this is all the fuel the king coin has in its bullish tank, BTC is actually suggesting a different possibility.
Bitcoin bearish divergence in April 2019
Trading volumes on BNB Chain-based decentralized finance exchange Level Finance have crossed over $1 billion in a little over two months since its December launch – suggesting high interest from users for such products.
Chart
Mask Network (MASK) had had a staggering performance these past three days, even before the US inflation numbers came out. With traders becoming convinced that 2023 is the year of the turnaround that will reintroduce more normal market conditions, price action is seeing investor inflow to get ahead of that. As inflation drops, tensions between China and the United States are seen cooling down, and Ukrainian tensions are becoming the new normal. Markets are focused instead on only good news.
MASK/USD daily chart

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Ripple and Stellar outlook: XRP and XLM rebound amid mixed signals

Ripple and Stellar extend their recovery on Thursday after finding support at key technical levels. However, mixed derivatives and on-chain data for both altcoins suggest that traders remain cautious and have yet to show strong conviction in a sustained rebound. Derivatives data shows a mixed and cautious outlook among traders.

Crypto Overview: Bitcoin steadies above $76,000 amid Fed rate hike – Privacy coins rally

Bitcoin holds steady around $76,000 at press time on Thursday, showing near-term strength as the US Federal Reserve raised interest rates by 25 bps. Privacy coins, Zcash and Dash, post double-digit gains over the last 24 hours, emerging as top performers. Bitcoin hovers around $76,200 on Thursday holding steady after a 3% decline on Tuesday.

Bitcoin slips below $76.7K True Market Mean amid weak demand — Glassnode
Bitcoin (BTC) has slipped below its recent trading range and the True Market Mean at $76,700, but the top crypto has remained relatively resilient despite a failed Clarity Act Senate vote, FOMC rate hike and a broader altcoin sell-off.
Bitcoin, crypto market see muted activity following FOMC rate hike

Bitcoin (BTC) traded above $76,000 on Wednesday as the Federal Reserve raised its benchmark interest rate by 25 basis points, bringing the federal funds target range to 3.75%-4.00%. The unanimous 12-0 decision marked the Fed’s first rate hike since July 2023.

Bitcoin: BTC retreats as macro headwinds grow
Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.