Cryptocurrencies Price Prediction: Bitcoin, Swipe and Cardano – European Wrap 5 April


Top 3 Price Prediction Bitcoin, Ethereum, Ripple: XRP heads to new yearly highs while the others take a backseat

The Bitcoin and Ethereum paused their trajectory as this technical indicator flashed a cycle top signal. The retracement that ensued left a lot of the over-leveraged traders liquidated. Regardless, both cryptocurrencies still have their upside target in place. Read more...

 

BTC/USD 1-day chart

 

Swipe Price Prediction: SXP blasts through critical supply barrier triggering 57% rally

Swipe Price has shattered the base of an ascending triangle pattern catalyzing a 57% upswing. The $5.96 target seems likely, especially considering the lack of resistance as seen in the GIOM model for SXP. A secondary confirmation will arrive after a decisive close above the MRI’s breakout line at $4.68. Read more...

 

SXP/USDT 1-day chart

Cardano Price must defend this point for a 12% upswing as network activity increases

Cardano has been trading in a downtrend for several days on the 4-hour chart, and the price is currently located at a key support level for the bulls. Despite the weak price action, Cardano has seen a massive spike in the number of new addresses joining the network. Read more...

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Ethereum bulls eye $2,500 after shattering crucial resistance level

Ethereum price closed well above the MRI's breakout line at $2,345, suggesting a massive bullish momentum in play. Whales are accumulating non-stop, which hints at their interest in ETH at current price levels. A bullish divergence between the number of daily active addresses and exchange deposits reveals a move to $2,500 shortly.

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Chainlink adoption soars, but LINK price may retrace before setting up new all-time highs

Chainlink Network will now receive high-quality price feeds from traditional markets via data provider New Change FX. LINK price shows signs of exhaustion as the MRI flashed a cycle top signal. A minor retracement will arrive before a climb to record levels.

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Algorand vies for 85% advance upon the breach of its consolidation

Algorand price is traversing a bullish pennant, hinting at an 85% upswing to $2.83. A decisive close above $1.53 will signal a breach of the pennant’s upper trend line. ALGO will kick-start a new downtrend if it slices through the 50% Fibonacci retracement level at $1.03.

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Bitcoin on-chain data shows BTC is reaching “peak hype,” signaling short-term consolidation

Bitcoin’s on-chain data suggest a short-term correction may be needed before Bitcoin could continue its price rally.  Market sentiment toward Bitcoin poses a major concern for the cryptocurrency, indicating it is approaching “peak hype.”

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Bitcoin Weekly Forecast: SEC commissioner cozies up to BTC ETF, on-chain metrics reset making way for volatile move

Bitcoin’s mainstream adoption has soared over the last couple of months, with institutions like Visa, Goldman Sachs, Morgan Stanley, and others dipping their toes in the BTC markets. Likewise, prices look primed to advance further despite the ongoing consolidation phase.

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