TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

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.

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 recover ahead of US Senate vote on CLARITY Act

Crypto Today: Bitcoin, Ethereum, XRP recover ahead of US Senate vote on CLARITY Act

Bitcoin edges higher, trading near $77,884 as of Monday, in tandem with broader gains across the cryptocurrency market. Ethereum and Ripple follow Bitcoin’s neutral-to-bullish trajectory, holding key support levels at $2,521 and $1.38, respectively.

Bitcoin Price Forecast: BTC recovery faces headwinds from ETF outflows and elevated Fed rate-hike bets

Bitcoin Price Forecast: BTC recovery faces headwinds from ETF outflows and elevated Fed rate-hike bets

Bitcoin is recovering, trading above $78,200 on Monday after a more than 4% pullback the previous week. Elevated Fed rate-hike bets and geopolitical risks are boosting the USD, capping BTC’s upside potential.

Pi Network extends gains as ecosystem development supports recovery

Pi Network extends gains as ecosystem development supports recovery

Pi Network (PI) extends its recovery on Monday, trading above $0.097 after two consecutive weeks of gains. Continued ecosystem development and improved developer tools are boosting utility.

Cardano Price Forecast: Hovers near key EMAs as cautious metrics leave rallies exposed to selling

Cardano Price Forecast: Hovers near key EMAs as cautious metrics leave rallies exposed to selling

Cardano hovers near the key 50-day and 100-day EMAs around $0.200 on Monday after losses of over 8% in the previous week. The technical outlook suggests that bullish attempts remain vulnerable to selling pressure at higher levels.

Bitcoin: BTC retreats as macro headwinds grow

Bitcoin: BTC retreats as macro headwinds grow

Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.