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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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XRP turns bearish as US inflation jitters hit crypto

XRP turns bearish as US inflation jitters hit crypto

Ripple is stuck in a bearish trend, trading near $1.30 on Thursday. The remittance token’s bearish shift reflects the broader cryptocurrency market, which remains under heavy selling amid concerns about accelerating inflation in the US.

Pi Network extends losses ahead of Protocol v28 Mainnet upgrade

Pi Network extends losses ahead of Protocol v28 Mainnet upgrade

Pi Network (PI) trades around $0.0780 at press time on Thursday, rising from $0.0740 earlier in the day. Pi Mainnet is scheduled for the Protocol v28 upgrade on Friday, focusing on data handling and smart contract maintenance.

Crypto Today: Bitcoin, Ethereum and XRP test short-term support amid market-wide selling

Crypto Today: Bitcoin, Ethereum and XRP test short-term support amid market-wide selling

Cryptocurrency prices remain under intense selling pressure on Thursday, with Bitcoin struggling to hold above $81,000 after testing its key demand area near $80,000. Ethereum reflects Bitcoin’s weakening technical outlook, edging lower below $2,400.

Bitcoin slips below $81,000 amid inflation fears, ETF outflows

Bitcoin slips below $81,000 amid inflation fears, ETF outflows

Bitcoin extends losses, slipping below $81,000 on Thursday as hotter-than-expected US inflation data weigh on market sentiment. Institutional demand weakens as BTC spot ETFs recorded an outflow of over $261 million on Wednesday.

Bitcoin: Uptober or Rektober?

Bitcoin: Uptober or Rektober?

Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally. Profit-taking, a surge in long liquidations and weakening demand from institutional investors are weighing on BTC.