Cryptocurrencies Price Prediction: Chainlink, Bitcoin & Crypto – European Wrap 22 April
Chainlink looks at $14 resistance as outflows from exchanges signal continued demand
Chainlink (LINK) price increases almost 3% on Tuesday to exchange hands at $13.47 at the time of writing. The oracle token, which has recovered 31% from $10.13 – the lowest year-to-date price seen on April 7 –, looks set to uphold its recent uptrend amid rising exchange outflows and a favourable technical setup. Still, the path beyond the $14 level looks more complicated due to the presence of strong resistance clusters.
Bitcoin Price Forecast: BTC extends gains toward $90,000 as ETFs inflows exceed $381 million
Bitcoin (BTC) is extending its gains, trading above $88,000 at the time of writing on Tuesday after rising nearly 3% the previous day. Institutional demand seems to be supporting BTC’s recent price rally, with US spot Exchange Traded Funds (ETFs) recording an inflow of $381.40 million on Monday. Moreover, Microstrategy (MSTR) announced a new purchase of Bitcoins, in this case 6,556 BTC for $555.8 million.
Top 3 gainers Fartcoin, POL, DeepBook: Altcoins surge as Bitcoin nears $90,000
Fartcoin price extends gains above the $1.00 level at the time of writing on Tuesday after recovering from a dip triggered by profit-taking activity ahead of the weekend. POL, formerly known as MATIC, changed course, reversing the trend in favor of the bulls to trade at $0.2195 at the time of writing. On the other hand, DeepBook (DEEP) explodes in double-digit gains following the protocol's launch on the Sui Network.
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