Cryptocurrencies Price Prediction: Bitcoin, Shiba & MATIC – American Wrap 10 May

FXStreet Team FXStreet

MATIC price oversold for the first time in 11 months, making ready for short-term recovery

MATIC price continued its downtrend this week after losing the $1 mark, bringing the cryptocurrency to a four-month low. However, an important signal noted over the last 24 hours suggests that the altcoin may not be too far away from beginning a recovery.

Bitcoin, Ethereum prices rally as US CPI inflation falls to 4.9%

Bitcoin price eyes the $29,000 target as US Consumer Price Index (CPI) came in at 4.9%, below market participant’s expectations of 5%. The largest asset by market capitalization rallied in response to the data release by the US Bureau of Labor Statistics (BLS).

Shiba Inu price in penalty box with descending trend channel chasing bulls away

Shiba Inu (SHIB) price has been handed over to the law of physics as the chart is starting to show proof of gravity even in altcoins. SHIB bulls are nowhere to be seen as only a handful venture to build a stake in Shiba Inu at the present. With the descending trend channel firmly aligned and acting as a scarecrow in the face of any would-be bulls, a return to $0.00001000 is almost impossible, while the downside points to $0.0000750 or another 15% lower.

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Crypto Overview: Bitcoin stabilizes above $65,000, as Zcash and Worldcoin lead broader recovery

Bitcoin shows signs of recovery, trading above $65,000 on Monday, as the broader crypto market rebounds, fueled by improving sentiment following the United States (US) and Iran's confirmation of a preliminary peace agreement.

Crypto Today: Bitcoin, Ethereum, XRP recovery gathers strength as US-Iran reach peace agreement

Cryptocurrency prices remain broadly elevated on Monday, led by Bitcoin’s upswing toward $66,000. Altcoins, including Ethereum and Ripple, mirror Bitcoin’s momentum, trading above $1,700 and $1.18.

Bitcoin extends rebound as US and Iran reach framework deal to end the war

Bitcoin steadies above $65,700 at the time of writing on Monday, after recovering nearly 4% in the previous week. BTC recovery was boosted following Sunday’s news that the US and Iran have reached a preliminary peace deal, lifting the risk appetite.

Pi Network Price Forecast: Launchpad upgrades, fading bearish pressure lift recovery prospects

Pi Network (PI) began the week on a positive note, trading above $0.1340 on Monday after posting a mild recovery and closing above a key resistance in the previous week.

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.