Cryptocurrencies Price Prediction: Dogecoin, Ripple & Bitcoin – American Wrap 14 May

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Top 3 Prediction Bitcoin, Ripple, Ethereum: IRS focused on cryptocurrency tax cheats, ETH reclaims $4,000

Bitcoin price may have survived the first test at the head-and-shoulders neckline, but the resulting doji candle speaks to indecision. Ethereum price once again shakes off the broader weakness in the cryptocurrency market, eager to continue the seven-week rally. Ripple price strikes support at the 50-day simple moving average (SMA).

Dogecoin Price Prediction: DOGE bulls hold the key for 40% gains

Dogecoin price has seen a massive surge after Elon Musk’s recent tweet revealed that he is working with the developers of the meme coin to improve its transaction efficiency. With DOGE approaching a critical point in its uptrend, more gains stand to be realized if buyers push through.

Elliott Waves on BTC/USD hint at a bearish structure: Watch this level

Bitcoin has had another dip recently, losing yet more ground against bears. However, bulls keep prices firm above the March low at $43145, at least. Should prices decline towards the said levels, the probabilities of an impulse to the downside will increase. And there is two way this impulse could unroll, based on how the structure from the support mentioned above is seen.

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Ripple nears lifeline support as macro risks intensify

Ripple continues to face significant selling pressure, sliding below $1.10 at the time of writing on Wednesday. This decline mirrors the broader weakness in the crypto market, exacerbated by mounting macroeconomic headwinds and persistent geopolitical uncertainties.

Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as September Fed rate-hike odds increase

Bitcoin is trading between $62,000 and $63,000 at the time of writing on Wednesday, weighed down by headwinds stemming from macroeconomic uncertainty and geopolitical tensions in the Middle East, especially as the US and Iran continue to offer conflicting accounts of the nuclear discussions.

Cardano vulnerable to deeper losses amid SecondFi exploit

Cardano price hovers below $0.1500 at press time on Wednesday, extending a refreshed bearish impulse move of over 20% in the last nine days. The exploitation of the Cardano ecosystem’s SecondFi wallet-generation software, resulting in a loss of about 16 million ADA, weighs on retail strength.

Bitcoin struggles as institutional demand remains weak

Bitcoin remains under pressure, trading around $62,700 on Wednesday after losing 2% the previous day. Persistent institutional selling, with spot Exchange Traded Funds (ETFs) recording outflows on Tuesday, continues to weigh on BTC.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.