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Cryptocurrencies Price Prediction: Bitcoin, Dogecoin & Chainlink – Asian Wrap 22 Feb

Cryptocurrencies Price Prediction: Bitcoin, Dogecoin & Chainlink – Asian Wrap 22 Feb
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Analysis: BTC/USD pulls back to short-term support after refreshing record top

BTC/USD wavers around $57,000 while consolidating the weekend run-up to the fresh high on record, to $58,355. In doing so, the quote bounces off an immediate ascending trend line from Friday. While favoring further consolidation, the MACD flashes the first bearish signal in the last three days.

Dogecoin Price Analysis: DOGE battles key hurdles above $0.05 on Eion Musk’s tweets

Dogecoin retraces the initial spike to 0.0597 while easing to 0.0560 during the early Monday. Even so, the cryptocurrency pair stays near the key resistances on Tesla's owner’s optimism for DOGE. In contrast to Musk’s favor for the Dogecoin, the world’s second-richest man admits that bitcoin and ethereum 'seem high'.

Chainlink Technical Analysis: LINK bulls fight back control, as $37 beckons

Chainlink (LINK/USD) is resuming its bullish momentum after last week’s corrective pullback from record highs of $36.92. The ninth most traded cryptocurrency enjoys a market cap of $14.10 billion, as it sheds 1.72% over the last 24 hours while adding 1.24% on the week.

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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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Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

The cryptocurrency remains in a broader corrective bias on Friday, despite majors such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) holding slightly higher than early-week support levels.

Cardano: Whale selling, cautious derivatives limit ADA rebound

Cardano: Whale selling, cautious derivatives limit ADA rebound

Cardano is trading near $0.170 at the time of writing on Friday after staging a modest rebound from last week's sharp correction. However, the recovery remains fragile as large holders have resumed reducing their positions, adding fresh selling pressure to ADA.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support.

Pi Network Price Forecast: Bulls attempt comeback as bearish strength fades

Pi Network Price Forecast: Bulls attempt comeback as bearish strength fades

Pi Network is trading at around $0.120 on Friday after a modest recovery the previous day. Despite this recent rebound, traders should be cautious as a scheduled unlock of 14.8 million PI tokens on Friday could limit the token's recovery potential by increasing market supply.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.