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

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

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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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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Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

The cryptocurrency remains in a broader corrective bias on Friday, despite majors such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) holding slightly higher than early-week support levels.

Cardano: Whale selling, cautious derivatives limit ADA rebound

Cardano: Whale selling, cautious derivatives limit ADA rebound

Cardano is trading near $0.170 at the time of writing on Friday after staging a modest rebound from last week's sharp correction. However, the recovery remains fragile as large holders have resumed reducing their positions, adding fresh selling pressure to ADA.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

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.

Pi Network Price Forecast: Bulls attempt comeback as bearish strength fades

Pi Network Price Forecast: Bulls attempt comeback as bearish strength fades

Pi Network is trading at around $0.120 on Friday after a modest recovery the previous day. Despite this recent rebound, traders should be cautious as a scheduled unlock of 14.8 million PI tokens on Friday could limit the token's recovery potential by increasing market supply.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

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.