|

Cryptocurrencies Price Prediction: Bitcoin, Dogecoin and Crypto.com – European Wrap 13 October

Bitcoin price flirts with $19,000 as US inflation could push BTC price to $17,600

Bitcoin (BTC) price slips almost 1% in early morning trading as overall markets are calm but anxious about the US inflation figures coming out later today. The risk at hand could be an upside surprise, as seen with the job numbers last month which would see a persistently strong dollar get even stronger. Increased dollar strength could choke Bitcoin bulls and squeeze them out of their positions with technical support set to catch any nosedive moves.

BTC/USD Daily chart

Dogecoin Price Prediction: The Truth about investing in DOGE

Dogecoin price has undone all the gains amassed since the second quarter of 2021. This massive U-turn comes as the crypto markets remain susceptible to sellers and changes in the traditional finance markets.

DOGE/USDT 1-day chart

Crypto.com price continues to drop despite making bullish fundamental strides

Crypto.com price shows little response to the fundamental developments that are surrounding the company. This lack of response can be attributed to the current market conditions, which are largely bearish and have been so for nearly a year. 

CRO/USDT 1-day 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

Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

The cryptocurrency remains in a broader corrective bias on Friday, despite majors such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) holding slightly higher than early-week support levels.

Cardano: Whale selling, cautious derivatives limit ADA rebound

Cardano is trading near $0.170 at the time of writing on Friday after staging a modest rebound from last week's sharp correction. However, the recovery remains fragile as large holders have resumed reducing their positions, adding fresh selling pressure to ADA.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support.

Pi Network Price Forecast: Bulls attempt comeback as bearish strength fades

Pi Network is trading at around $0.120 on Friday after a modest recovery the previous day. Despite this recent rebound, traders should be cautious as a scheduled unlock of 14.8 million PI tokens on Friday could limit the token's recovery potential by increasing market supply.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts
Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.