Cryptocurrencies Price Prediction: Bitcoin, Ripple & Algorand – Asian Wrap 15 Feb


Bitcoin Price Analysis: Rising wedge at record top probes BTC bulls around 49,000

BTC/USD fades upside momentum while easing to $49,000 during the early Monday’s trading. The cryptocurrency pair refreshed the record time the previous day while inching closer to the $50,000 threshold. However, the upper line of the bearish chart pattern, on the four-hour play, challenged the bitcoin bulls near $49,700.

 

Ripple Price Analysis: XRP bullish potential to $1.0 remains intact despite recent pullback

XRP/USD stands on a slippery ground while refreshing the intraday low to $0.5620, down around 5.0% intraday, during early Monday. In doing so, the altcoin extends pullback from the highest levels since February 01 while also respecting multiple tops marked during the last two weeks.

 

Algorand Price Forecast: ALGO could quickly drop to $1.15 as technical turn bearish

Algorand is moving away from the recently achieved record high of $1.85 amid a strengthening bearish grip. The rally to this incredible price level started last year, but January and February have yielded massively for Algorand. However, the upswing appears vulnerable to losses, especially with a possible breakdown eyeing $1.15.

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Bitcoin adoption accelerates as coiling prices hint at explosive rally

Bitcoin price faces a stiff resistance wall that has prevented weak bullish momentum from passing through. As a result, a short-lived retracement has caused a majority of the market to follow suit despite BTC’s raging adoption and interest from institutions over the past week.

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VeChain upswing thwarted again as sell signals multiply

VeChain price shows an ambiguous outlook as it has set up a textbook uptrend with a series of higher highs and higher lows, but technical indicators hint at a downtrend.

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Judge reaffirms order SEC must produce documents on Bitcoin, Ether and XRP in Ripple case

Judge Sarah Netburn has restated that the Securities and Exchange Commission (SEC) must produce documents related to Bitcoin, Ether, and XRP amid the ongoing legal battle with Ripple Labs.

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Polkadot Price Prediction: DOT hints at minor retracement before resuming its rally

Polkadot price shows a slowdown in its bullish momentum that has resulted in sellers taking over. Now, a minor retracement could push DOT into a significant support barrier.

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Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

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