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

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.

BTC/USDT 1-day chart

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.

DOT/USDT 6-hour chart

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.

ADA/USDT 12-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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Ripple recovery lacks momentum as bulls defend $1.00 support

Ripple maintains a bearish outlook while trading above its immediate $1.00 support on Thursday. The remittance token has sustained a steady decline from the July high of $1.18, underpinning reduced demand and the lack of catalysts to sustain recovery.

Crypto Today: Bitcoin, Ethereum, XRP remain sluggish amid mixed ETF flows

The cryptocurrency market continues to trade sideways on Thursday, with Bitcoin struggling to reclaim the $64,000 level. Ethereum is attempting to build momentum near the key $1,900 resistance, while Ripple maintains support above $1.00, yet upward movement remains limited.

Bitcoin Price Forecast: BTC rebounds slightly as consolidation range keeps direction unclear

Bitcoin rebounds mildly, trading above $63,800 at the time of writing on Thursday after four consecutive days of losses. BTC has been trading sideways since mid-July, while cautious institutional flows and neutral momentum indicators suggest traders remain hesitant, pointing to a lack of clear directional bias.


Hyperliquid eyes 50-day EMA breakout as bullish momentum builds

Hyperliquid is trading in the green on Thursday, extending gains toward the 50-day Exponential Moving Average (EMA) at $58.36. Institutional demand remains firm as Hyperliquid treasury Hyperion DeFi saw a $31 million fair value increase in the last quarter.

Bitcoin: Can bulls weather the market uncertainty?
Bitcoin (BTC) remains resilient, trading above $65,000 on Friday, with bulls defending key support despite cautious market sentiment. US-listed spot Bitcoin Exchange-Traded Funds (ETFs) showed strong inflows through Thursday, pointing to renewed institutional demand.