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Cryptocurrencies Price Prediction: Bitcoin, Dogecoin & Cardano — Asian Wrap 19 December

Cryptocurrencies Price Prediction: Bitcoin, Dogecoin & Cardano — Asian Wrap 19 December
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Prediction: Is this the bull trap that will bring BTC below $14,000?

Bitcoin (BTC) price results from a very violent week regarding economic data and central bank speakers. Even without those elements, BTC has no reason to rally substantially higher as the global market situation on its own is deteriorating quite rapidly.

Dogecoin Price Prediction: DOGE gets a harsh lesson on ‘No means No!’

Dogecoin (DOGE) price receives yet again a firm rejection, this time from a technical moving average. The rejection and fade to the downside is almost a play and repeat from last week when a similar event occurred against a monthly pivot level.

Cardano Price Prediction: ADA hopes for a White Christmas trashed by the Fed and ECB

From a purely technical point of view, Cardano (ADA) price action is set to end the last two trading weeks of 2022 with massive losses. The several catalysts lined up this past week have not been attributing as expected and could see traders exit their positions for the last-minute Christmas rally.

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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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Bitcoin Weekly Forecast: BTC drops below $68,000 as oversold signal fails to stop sellers

Bitcoin Weekly Forecast: BTC drops below $68,000 as oversold signal fails to stop sellers

Bitcoin corrects more than 7% so far this week, hitting an intraday low of $67,568 on Friday. Rising liquidations, continued ETF outflows, and weakening risk appetite are leaving BTC vulnerable to further downside.

Ripple risks losing $1.00 support as 24-hour liquidations hit $20 million

Ripple risks losing $1.00 support as 24-hour liquidations hit $20 million

Ripple remains on edge, trading around $1.00 on Friday. The remittance token’s sharp decline has persisted since November 5, initially triggered by the $6.3 billion Binance hack and later accentuated by the US midterm elections.

Crypto Today: Bitcoin, Ethereum, XRP extend losses as bears tighten their grip

Crypto Today: Bitcoin, Ethereum, XRP extend losses as bears tighten their grip

Bitcoin's (BTC) sell-off deepens on Friday, with the spot price below $69,000. The largest crypto by market capitalization leads the intense selling, with Ethereum (ETH) below $2,000 and Ripple (XRP) hovering just above $1.00.

Bitcoin just posted five straight losing weeks, and the storm may not be over yet

Bitcoin just posted five straight losing weeks, and the storm may not be over yet

Bitcoin is struggling to find support, slipping below $70,000 as multiple headwinds threaten to push the Crypto King lower. The much-anticipated “Uptober” rally failed to materialize, with persistent selling pressure and widespread liquidations instead reinforcing the “Rektober” narrative.

Bitcoin: BTC drops below $68,000 as oversold signal fails to stop sellers

Bitcoin: BTC drops below $68,000 as oversold signal fails to stop sellers

Bitcoin (BTC) extends its correction, falling more than 8% and hitting an intraday low of $67,568 on Friday. Despite oversold technical signals, selling pressure continues to intensify, with persistent Exchange Traded Funds (ETFs) outflows, leveraged liquidations and weakening risk appetite weighing on the Crypto King outlook.