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Cryptocurrencies Price Prediction: Bitcoin, Ethereum and Shiba Inu – European Wrap 24 October

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Brief respite from bears and $22,000 BTC on the cards

Bitcoin price has been consolidating over the weekend, albeit triggering a minor rally. This move continues to be undone as sellers offload their holdings. But the bullish move over the weekend could be an indication of more positive developments to come.

BTC/USD 1-day chart

Ethereum price only has one entry point for a long position

Ethereum (ETH) price action is set to jump between 7% on the low side and 28% by a more generous calculation, according to price targets established for the end of the week. As the dust settles over recent events, traders are reassessing the situation and it is becoming clear two key factors are dictating the future path of trading. The first is company earnings this week and the second, how the UK political situation unfolds. These will determine how far ETH price action could rally.

 
 ETH/USD Daily chart

Shiba Inu Price Prediction: Two levels to accumulate SHIB for maximum returns

Shiba Inu price remains bearish with no clear signs of a bullish attempt to recover. Moreover, the inefficiencies hint at a further move down south, bringing more pain to SHIB holders. 

SHIB/USDT 4-hour 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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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.