Cryptocurrencies Price Prediction: Bitcoin, Polygon and Ethereum – European Wrap 5 September
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC shows potential for a recovery rally
Bitcoin price reveals a bearish start to the week, which would allow market makers to collect the much-anticipated sell-stop liquidity. This development is extremely important as it may set the base for an upcoming BTC and altcoin-wide recovery rally.
A butterfly effect means issues for Polygon’s MATIC this morning
Polygon (MATIC) price is set to take a big step lower as price action tumbles in a domino effect that creates too many headwinds for bulls to bear. Positions are being sold as the Relative Strength Index tanks. Expect to see a further sell-off this week as a turnaround is nowhere near, and a default by an energy supplier in Europe could trigger a Lehman Brothers domino effect.
Can Ethereum price reach $2,000 again before the Merge update?
Ethereum price seems to be following Bitcoin price lower now that the Merge-induced bullish momentum has subsided. However, investors can still be optimistic about a potential recovery rally as the highly anticipated update, scheduled to take place between September 6 and September 15, approaches.
Author
FXStreet Team
FXStreet
