Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Shiba Inu – American Wrap 23 March

FXStreet Team FXStreet

Bitcoin price lures short-sellers before pulling the rug and returning to $50,000

Bitcoin price continues to press higher and higher, shaking off multiple intraday sell-off attempts with responsive buying pressure. However, as the week transitions to Thursday and Friday, the importance of where Bitcoin closes on the weekly chart becomes more and more critical.

Ethereum price to wreck short positions with a 20% jump

Ethereum price action continues to be bullish with strong buying pressure pushing ETH close to yesterday’s high. More importantly, however, is Ethereum’s proximity to completing an extremely bullish breakout signal in the Ichimoku Kinko Hyo system.

Shiba Inu price readies to breakout after 1 billion SHIB burned

Shiba Inu price could recover from the recent drop in price as the community and merchants send SHIB to the burn pot. Over 1.02 billion SHIB tokens were burnt in a 24-hour period on March 22, 2022.

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FXStreet Team

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Uniswap Price Forecast: UNI tests 200-day EMA supply amid renewed retail demand

Uniswap (UNI) edges higher near an immediate resistance at $3.88 on Tuesday. The native decentralized exchange (DEX) token is defying a broader correction in the cryptocurrency market, even as Bitcoin (BTC) falls toward $63,000 from its July highs around $67,000.

XRP slides amid risk-averse pressure and ahead of Fed rate decision

Ripple (XRP) continues to trade under increasing pressure on Tuesday. This marks the second consecutive day of declines, reflecting broader risk-off sentiment as investors appear to shift gears in anticipation of the Federal Reserve (Fed) interest rate decision. On Wednesday, the Federal Open Market Committee (FOMC) is widely expected to leave interest rates unchanged in the 3.50%-3.75% range.

Crypto Today: Bitcoin, Ethereum, XRP remain under pressure as risk-off sentiment persists

Bitcoin (BTC) is falling toward the immediate $63,000 support at the time of writing on Tuesday, weighed down by continued risk-off sentiment. Altcoins, including Ethereum (ETH) and Ripple (XRP), remain under pressure, trading below $1,900 and $1.10, respectively. Crypto market sentiment remains largely unresponsive and in the Fear territory, as reflected in the Fear & Greed Index.

Bitcoin price prediction: Is $60K back in focus as headwinds mount?

Bitcoin is falling towards 63k, at a 10-day low, as a sell-off in AI-linked stocks has hit risk sentiment, spilling over into cryptocurrencies and as investors look cautiously ahead to tomorrow's FOMC rate decision. Bitcoin is down 2.7% over the past 24 hours and more than 4% over the past seven days as it extends its pullback from 67k the July high reached last week.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.