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Cryptocurrencies Price Prediction: Bitcoin, Ethereum and Polkadot – European Wrap 29 August

Cryptocurrencies Price Prediction: Bitcoin, Ethereum and Polkadot – European Wrap 29 August
FXStreet TeamFXStreet TeamFXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Can bulls make a strong comeback this week?

Bitcoin price is showing signs of pausing its downtrend with growing hints of a recovery. Investors need to wait for confirmation, however, before getting more seriously bullish. Ethereum and Ripple await the big crypto’s cue to do the same. 

BTC/USD 12-hour chart

Ethereum funding rate drops to the floor, what to expect from ETH price?

Ethereum funding rates are similar to the level observed in July 2021, ahead of a massive rally in Bitcoin and ETH. The funding rate – the difference between the perpetual contract prices and short prices of an asset – is a key metric to predict crypto trend reversals. 

 
ETH-USDT price chart

Polkadot price needs to juice up before rallying 40%

Polkadot price is currently hovering around a crucial level that could result in an uptick in buying pressure and a rally. However, sellers could trigger another liquidity hunt before attempting a run-up. 

DOT/USDT 1-day chart

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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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