Cryptocurrencies Price Prediction: Bitcoin, Polkadot and Enjin Coin – European Wrap 23 July

FXStreet Team FXStreet

Bitcoin Weekly Forecast: Musk changes tune on BTC as adoption and miners continue to make headway

Bitcoin price revival appears to be going well considering the recent sweep of the July 15 swing high. While this uptick in the market value of BTC is bullish, there is bound to be a minor pullback that will help catapult the pioneer cryptocurrency higher.

Polkadot Price Prediction: DOT retraces to gather steam for explosive 48% rally

Polkadot price slipped below a crucial demand barrier, exacerbating the sell-off. However, this descent bounced off old support, which led to a healthy upswing. Now, DOT might pull back to gather steam before it kick-starts another leg up.

Cardano Price Prediction: ADA might pull back to $1.11 before heading higher

Cardano price has seen a quick run-up after approaching the trading range’s lower limit. While this uptick in ADA’s market value was obvious, investors should be aware of a minor pullback before the so-called “Ethereum killer” embarks on another leg up.

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FXStreet Team

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Derive Price Forecast: Rising derivatives demand positions DRV for further gains

Derive (DRV) edges higher extending its third consecutive day of recovery above $0.1000. The increasing volume and fees collected through Perpetuals and Options contracts suggest that Derive’s market share in crypto derivatives is growing.

Cardano Price Forecast: Fading bearish momentum offers hope for recovery

Cardano (ADA) is stabilizing around $0.145 after suffering a sharp 21% decline over the previous two weeks. Derivatives metrics continue to reflect cautious market sentiment; however, fading bearish momentum suggests ADA could recover in the coming days.

Top 3 Price Prediction: BTC rebounds; ETH and XRP defend key support following recent correction

Bitcoin, Ethereum and Ripple are showing early signs of stabilization after a correction of nearly 6%, 8% and 7%, respectively, over the previous week. BTC reclaims $60,000, ETH is holding firmly above the critical $1,500 support level, while XRP is also attempting to stabilize around the key $1.00 psychological level.

Crypto Market Overview: Bitcoin stuck near $60,000 – Zcash, Jupiter extend losses

The broader cryptocurrency market continues to trade under pressure, with Bitcoin (BTC) struggling for direction near $60,000 on Monday. Retail sentiment in crypto leans bearish, with CoinMarketCap’s Fear and Greed Index at 15 on Monday, maintaining a sideways trend deep in the “Extreme Fear” zone.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin has remained under pressure this past week, losing over 5% as traders assess mixed signals from different parties involved in the Middle East conflict.