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Cryptocurrencies Price Prediction: Bitcoin, Dogecoin and Polygon – European Wrap 25 April

Cryptocurrencies Price Prediction: Bitcoin, Dogecoin and Polygon – European Wrap 25 April
FXStreet TeamFXStreet TeamFXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptos hang by a thread as bulls disappear

Bitcoin price has slid below a crucial support level slowly indicating that the sellers are overwhelming the buyers into a slow death. Although the last two times BTC tagged this barrier, it resulted in a bullish move, this time around, things are different and could head south. Ethereum, Ripple and altcoins could see a similar bearish fate.

BTC/USDT 3-day chart

Should you buy Dogecoin after the recent dip

Dogecoin price is tracing a massively popular and bullish pattern on the weekly time frame. A breakout from this setup could trigger bullish volatility for the meme coin, which has been virtually absent since its all-time high in May 2021.

 
DOGE/USDT 1-week chart

Polygon’s MATIC could dip below $1 for these reasons

Polygon (MATIC) price is set to drop 12% as price fades further under the scrutiny of dollar strength and investors worrying about Covid spreading in Beijing and Shanghai. Not only is that last element a worry – that lockdowns can swing back into effect in Europe and the US – but it also adds to pressure again on the already troubled supply chains, potentially resulting in higher inflation. With that correlation, investors are pulling more funds out of equities and cryptocurrencies and fleeing into cash and safe havens this morning. This is causing a drop in MATIC price towards $1.20 and possibly lower going into the trading week as big tech is set to report its earnings.
MATIC/USD daily chart

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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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