Cryptocurrencies Price Prediction: Bitcoin, Polygon & Crypto.com — Asian Wrap 04 Jan

FXStreet Team FXStreet

Bitcoin price is at make or break point as whale activity hit a peak over the weekend

Bitcoin traders pushed the asset’s price higher before the end of 2021 through large wallet investor activity on Coinbase. Analysts have predicted a drop in Bitcoin price and a retest of support at $41,000. Analysts have predict a retest of $41,000, as there is thick volume support at this level.

MATIC develops major bearish breakout pattern that could revisit $1.75

MATIC price action has recently generated significant warning signs regarding how much higher it can move over the short term. The past seven days have seen testing the upper trendline of a broader rising wedge pattern that has existed since September 2021.

Crypto.com token remains constricted, indecision may push CRO to retest $0.40

Crypto.com price action had been one of the biggest surprises of 2021. Substantially bullish technical and fundamental events propelled CRO into a major leader in the cryptocurrency space. Traders now await a clear direction for price action as Crypto.com price consolidates.

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FXStreet Team

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Ripple falls below $1.20 despite Africa stablecoin payments push

XRP corrects to trade below $1.20 following early-week rejection at $1.28 and broader crypto market weakness. XRP remains under pressure from declining major moving averages, undermining the MACD buy signal.

Crypto Today: Bitcoin, Ethereum, XRP trim breakout gains as focus shifts to Fed decision

Cryptocurrency prices broadly decline as investors show caution toward risk assets ahead of the Fed's interest rate decision on Wednesday. Bitcoin (BTC) holds around $65,000 after correcting from its Monday high of $67,292.

Ondo Price Forecast: Multiple trendline rejections, fading bullish momentum warn of a steeper correction

Ondo price hovers around $0.3700 at press time on Wednesday, maintaining a broader corrective phase under the influence of a resistance trendline. Retail demand for ONDO remains firm, driven by the tokenization trend for traditional stocks and other Real World Assets.

Bitcoin steadies near $66,000 as markets await first Warsh-led Fed decision

Bitcoin steadies near $66,000 at the time of writing on Wednesday as investors await the Fed’s interest rate decision. Institutional demand shows slight improvement as spot Exchange Traded Funds recorded a mild inflow on Tuesday, after weeks of outflows.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.