Cryptocurrencies Price Prediction: Bitcoin, Dogecoin & Shiba Inu – American Wrap 07 July

FXStreet Team FXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Rough Q2 for BTC to headline Tesla earnings, while ETH may drop 30%

Bitcoin price has been unable to fulfill expectations of a meaningful rally after triggering a multi-month head-and-shoulders pattern. Meanwhile, Ethereum price shows exhaustion and may be near a significant decline. XRP price remains unchanged, offering few clues as to directional intentions.

Dogecoin price caught in a bull-trap, DOGE looks for support below $0.20

Dogecoin price is a bit of an outlier this week since it does not seem to fit that narrative. It missed the boat with the jump to the upside. Instead, it burnt its fingers again on the $0.28-level only to trade lower.

Shiba Inu Price Prediction: SHIB is a compelling opportunity above $0.00000936

Shiba Inu price has been engaged in a multi-week bottoming process that illustrates an inverse head-and-shoulders pattern and a precise trigger. The completion of the right shoulder should be near as SHIB seeks a rally of 80% based on the measured move of the pattern.

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Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

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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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