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Cryptocurrencies Price Prediction: Bitcoin, Polygon and Binance Coin – European Wrap 17 February

Cryptocurrencies Price Prediction: Bitcoin, Polygon and Binance Coin – European Wrap 17 February
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Weekly Forecast: If BTC bear market ends, $43,000 is the next target for bulls

Bitcoin price shows a clean bounce off a stable support level that paused its retracement and restarted its 2023 bull rally. While the recovery was impressive, it faced massive selling pressure as it approached the 200-day Simple Moving Average (SMA). Regardless, the big crypto’s position looks strong and optimistic as it consolidates.

BTC/USDT 1-week chart

Is Bitcoin price out of the woods? Derivatives traders bet on massive rally in BTC

MATIC price continued its short-term uptrend, yielding nearly 5% gains for holders since February 16. The native token of the Ethereum scaling solution Polygon is prepared for more upside despite concerns of high transaction fees and the challenges associated with the Ethereum Virtual Machine (EVM). 

Global In/Out of Money in MATIC

Binance CEO says $2.37 billion moved from BUSD to Tether after Paxos-issued stablecoin suffers de-peg

Binance USD, the dollar-pegged stablecoin that was previously issued by Paxos has suffered a de-peg. BUSD’s market capitalization declined as traders pulled capital from the token and moved it to Tether USDT. 

BUSD price 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 Weekly Forecast: BTC drops below $68,000 as oversold signal fails to stop sellers

Bitcoin Weekly Forecast: BTC drops below $68,000 as oversold signal fails to stop sellers

Bitcoin corrects more than 7% so far this week, hitting an intraday low of $67,568 on Friday. Rising liquidations, continued ETF outflows, and weakening risk appetite are leaving BTC vulnerable to further downside.

Ripple risks losing $1.00 support as 24-hour liquidations hit $20 million

Ripple risks losing $1.00 support as 24-hour liquidations hit $20 million

Ripple remains on edge, trading around $1.00 on Friday. The remittance token’s sharp decline has persisted since November 5, initially triggered by the $6.3 billion Binance hack and later accentuated by the US midterm elections.

Crypto Today: Bitcoin, Ethereum, XRP extend losses as bears tighten their grip

Crypto Today: Bitcoin, Ethereum, XRP extend losses as bears tighten their grip

Bitcoin's (BTC) sell-off deepens on Friday, with the spot price below $69,000. The largest crypto by market capitalization leads the intense selling, with Ethereum (ETH) below $2,000 and Ripple (XRP) hovering just above $1.00.

Bitcoin just posted five straight losing weeks, and the storm may not be over yet

Bitcoin just posted five straight losing weeks, and the storm may not be over yet

Bitcoin is struggling to find support, slipping below $70,000 as multiple headwinds threaten to push the Crypto King lower. The much-anticipated “Uptober” rally failed to materialize, with persistent selling pressure and widespread liquidations instead reinforcing the “Rektober” narrative.

Bitcoin: BTC drops below $68,000 as oversold signal fails to stop sellers

Bitcoin: BTC drops below $68,000 as oversold signal fails to stop sellers

Bitcoin (BTC) extends its correction, falling more than 8% and hitting an intraday low of $67,568 on Friday. Despite oversold technical signals, selling pressure continues to intensify, with persistent Exchange Traded Funds (ETFs) outflows, leveraged liquidations and weakening risk appetite weighing on the Crypto King outlook.