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Cryptocurrencies Price Prediction: Bitcoin, Polkadot and Shiba Inu – European Wrap 22 April

Cryptocurrencies Price Prediction: Bitcoin, Polkadot and Shiba Inu – European Wrap 22 April
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Weekly Forecast: Early longers trapped, a move to $46,200 likely

Bitcoin price reveals an opportunity to buy as it stoops to crucial support levels. This downswing looks to be a ploy from market makers to purge the sell-side liquidity before triggering an uptrend.

BTC/USDT 1-hour chart

Failed attempts at bull rally could crash Polkadot price to this level

Polkadot price is at a junction where a failure to breach through significant hurdles will result in a corrective phase. On the other hand, a swift recovery above these levels could set a base for impressive gains.

DOT/USDT 1-day chart 

Why Shiba Inu price is set for a 15% value increase

Shiba Inu (SHIB) price slipped in late trading hours on Thursday after earnings shook the markets. Instead of seeing a continuation to the downside, bulls have already pared back most of the incurred losses and are back on track to test the sloping side of a wedge pattern. Add to that the fact that there is a catalyst event this weekend with the French elections, where Macron is set to win according to the polls, and price action is set to pop in favour of bulls.

SHIB/USD  4H-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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Bitcoin reclaims $81,000 as traders await Fed policy decision, Big Tech earnings

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Crypto Today: Bitcoin, Ethereum, XRP recover ahead of Fed decision

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