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Cryptocurrencies Price Prediction: Dogecoin, Bitcoin & Cryptos — American Wrap 03 April

Cryptocurrencies Price Prediction: Dogecoin, Bitcoin & Cryptos — American Wrap 03 April
FXStreet TeamFXStreet TeamFXStreet

Dogecoin price to test support as Musk doubles down on getting his case thrown out with late Friday repeal

Dogecoin (DOGE) price is tanking after some volatile moves this Monday in the ASIA PAC and European sessions. Traders are grasping to understand the late filing from Musk’s lawyers on Friday that could mean a systemic risk for Dogecoin. T court ruling that recently spoke in favor of the Commodity Futures Trading Commission’s (CFTC) view of cryptocurrencies and altcoins as  commodities. All this puts Dogecoin in the middle of the storm and could see it tanking 20% if the judge rules in favor of Musk.
DOGE/USD  4H-chart    
Dedollarization is a concept that has been around for a long time now but has only begun taking shape over the last few years. While Crypto was built to be a global currency, independent from other currencies, the devaluation of the US Dollar (USD) might play in its favor, making its aim a reality.

BTC/USD

Overview
Today last price28007.52
Today Daily Change-179.99
Today Daily Change %-0.64
Today daily open28187.51
 
Trends
Daily SMA2027340.07
Daily SMA5024721.58
Daily SMA10022414.35
Daily SMA20020423.44
 
Levels
Previous Daily High28540.56
Previous Daily Low27872.33
Previous Weekly High29185.83
Previous Weekly Low26522.52
Previous Monthly High29185.83
Previous Monthly Low19570.66
Daily Fibonacci 38.2%28127.59
Daily Fibonacci 61.8%28285.3
Daily Pivot Point S127859.7
Daily Pivot Point S227531.9
Daily Pivot Point S327191.47
Daily Pivot Point R128527.94
Daily Pivot Point R228868.37
Daily Pivot Point R329196.18
Experts examine Bitcoin's liquidation levels for signs to determine when the alt season price rally could kick in. Altcoins wiped out all gains from the past week, before starting a recovery on the daily price chart. 
Bitcoin liquidation levels heat map

Author

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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