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Cryptocurrencies Price Prediction: Bitcoin, Dogecoin and Tezos – European Wrap 11 July

Cryptocurrencies Price Prediction: Bitcoin, Dogecoin and Tezos – European Wrap 11 July
FXStreet TeamFXStreet TeamFXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto markets await a greener start to the week

Bitcoin price is retracing to a stable support area which suggests a potential rally might be on its way. This development has also pushed Ethereum, Ripple and other altcoins down before the recovery bounce appears.

BTC/USD 1-day chart

Will Dogecoin price take a hit as Twitter looks to sue Elon Musk

Dogecoin price shows a chance for reversal while one of the meme coin’s biggest proponents – Elon Musk – is likely to be stuck in a lawsuit.

 
DOGE/USDT 1-day chart

Tezos set to collapse like a house of cards

Tezos (XTZ) price held some good cards over the weekend as a bullish triangle was underway with the monthly pivot at $1.66 and a technical moving average just above set for the taking. The bullish setup is vanishing as sentiment got a turn on Monday morning, with ASIA PAC in deep negative numbers as China has locked down a few big-city blocks in Shanghai, adding to more supply chain issues. Add that to the energy crunch in Europe and speculation on higher inflation in the US and you see the tone setting for a bear market where cryptocurrencies are the least favourite segment investors want to be in.

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