Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Polygon — Asian Wrap 31 January

FXStreet Team FXStreet

Bitcoin Price Forecast: Here’s what needs to happen for BTC to hit $50,000

Bitcoin (BTC) price shot up 3% on Monday but has since undone most of the gains and currently trades around $42,762. But a few things need to happen before BTC shows its bullish hand and resumes the uptrend.

Ethereum Price Prediction: $2,500 in sight as bullish metrics steer ETH back into the channel

Ethereum (ETH) price bullish outlook continues to abound despite the recent setback as bulls show fortitude. With technicals indicators and on-chain metrics supporting the intermediate trend, the upside potential for the second largest cryptocurrency by market capitalization continues to grow.

MATIC price eyes a 10% climb as Polygon tech’s Immutable zkEVM Mainnet early access goes live

Polygon (MATIC) price continues to push north despite growing overhead pressure. It shows no signs of stopping with multiple technical indicators in support as bulls buy the news of Polygon technology’s Immutable zkEVM mainnet going live for its early access.

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Solana Price Forecast: SOL consolidates as spot ETF inflows near $1 billion signal institutional dip-buying

Solana (SOL) price hovers above $131 at the time of writing on Monday, nearing the upper boundary of a falling wedge pattern, awaiting a decisive breakout.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP face pressure near key technical barriers

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) hover around key levels on Monday after correcting slightly in the previous week. The top three cryptocurrencies by market capitalization could face increased downside risk as bearish momentum builds across key indicators.

Top Crypto Losers: DASH, SPX, PENGU – Privacy and meme coins lose ground

Altcoins, including Dash (DASH), SPX6900 (SPX), and Pudgy Penguins (PENGU), are leading losses as the broader cryptocurrency market remains cautious ahead of the macroeconomic data releases, such as the US Nonfarm payroll report, CPI data, and the Bank of Japan’s rate-hike decision.

Top 3 Price Prediction: BTC and ETH eyes breakout, XRP steadies at support

Bitcoin (BTC) and Ethereum (ETH) are nearing the key resistance levels at the time of writing on Friday, and a successful breakout could open the door for a fresh rally. Meanwhile, Ripple (XRP) is stabilizing around a crucial support zone, hinting at a potential rebound if buyers maintain control.

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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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