Cryptocurrencies Price Prediction: Chainlink, Bitcoin and Shiba Inu – European Wrap 2 February


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Chainlink Price Analysis: Why it is so important to hear what Lagarde and the ECB have to say

Chainlink (LINK) price is not on the right spot of the chart after the Fed rate decision from Wednesday. A break of the triple top would have been ideal as now bulls seem to have lost interest and morale, and a decline in search of support could be at hand. Expect the ECB to be the catalyst and push price action back to $6.50.

LINK/USD daily chart

Why Bitcoin bulls are poised to win Friday’s $1 billion options expiry

Bitcoin options market data reveals an underlying bullish bias. There is a higher demand for calls versus puts, this can be interpreted as a positive sign for BTC price. Market participants expect a continuation of Bitcoin’s uptrend in February 2023. 

 
25% BTC Option Skew Delta

Shiba Inu Price Analysis: SHIB traders have nothing to show after last night

Shiba Inu (SHIB) price is set to take a step back after bulls were not keen to trade the Fed rate decision. Markets were stoked with a bullish outcome in favor of risk assets, and the self-fulfilling prophecy did occur in equities and some cryptocurrencies. With SHIB not being one of those cryptocurrencies, however, expect traders to search for better assets to place their money in.

SHIB/USD daily chart

 

 

 

 

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