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Cryptocurrencies Price Prediction: Bitcoin, VeChain and Polkadot – European Wrap 8 November

Cryptocurrencies Price Prediction: Bitcoin, VeChain and Polkadot – European Wrap 8 November
FXStreet TeamFXStreet TeamFXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: ETH leads crypto market rally with new all-time high

Bitcoin price has been on a steady uptrend for the past two days and shows signs of continuing. Ethereum and Ripple are following the big cryptic and are heading higher. This trend is likely to translate to other altcoins in the market soon.

BTC/USD 1-day chart

VeChain price flips crucial barrier, triggering 63% breakout to new all-time highs

VeChain price has been stuck under a stiff resistance level for roughly five months but recently managed to break above and flip it into a support level. This development screams a massive uptrend is on its way. 

VET/USDT 1-day chart

Polkadot price to explode to $100 as parachain and crowdloan proposal passes

Polkadot price saw a massive uptick in buying pressure on November 1, which pushed it into the price discovery mode for a brief period. However, this run-up was based on fumes, which has led to consolidation under a crucial resistance barrier. A breach of this level is likely to propel DOT to new highs.

DOT/USDT 1-day chart

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Bitcoin: BTC steadies as data suggests local bottom

Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.