Cryptocurrencies Price Prediction: Bitcoin, Dogecoin & Ethereum– American Wrap 27 July

FXStreet Team FXStreet

Fed’s rate decision induces high volatility in Bitcoin

Bitcoin price shows initial reaction to the Fed’s interest rate decision. Day traders witnessing the move are likely to join the sudden influx of capitol targeting 22,000 and 22,614. A break above 21,800 will likely be the cartalyst to prompt the anticipated move. Bitcoin price at current time auctions at $21,900. Traders should be careful to not get trapped into the wrong side of the move. Liquidity hunts and shakeouts are common occurrences following major news events. A failure to promote additional bullish engulfing candlesticks above $22,100 or a retracement into $21,290 could be early evidence of a smart money trap.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Markets in trouble as bears win the power struggle

Bitcoin price leans toward a crash as bears win the power struggle. This development has shifted the market’s tide in favor of sellers, and will soon be reflected in Ethereum and Ripples’ prices. Bitcoin price reveals a massive bearish continuation pattern, hinting at a crash to $11,747. Ethereum price bounces temporarily, with bears eyeing a drop to $1,282 and lower. Ripple price undoes its bullish charm and reveals the possibility of further downside.

Dogecoin: A tool of speculation or starter drug for crypto

Mark Cuban, Dallas Mavericks boss recently commented on what happens to cryptocurrencies when speculators leave. Cuban addressed the state of Dogecoin, the starter drug for crypto. A senior research analyst at Messari identified similarities between Dogecoin and Cardano, sharing his findings.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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