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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.

BTC/USD 4-hour chart

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.

 
MATIC/USD Daily chart

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. 

ETH/USD 4-hour chart

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