Cryptocurrencies Price Prediction: Ethereum, Polygon & Bitcoin – American Wrap 12 July

FXStreet Team FXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Big crypto needs to prove itself as downside risk multiplies

Bitcoin price is now down -4.44% for the month as it clings to the support formalized by the 12-month simple moving average (SMA). Ethereum price is down -7.75% for the month but barely holds the instructive 2020 ascending trend line. Meanwhile, XRP is down -10.24% this month while navigating a range framed by the inverse head-and-shoulders neckline and the 78.6% Fibonacci retracement level.

Gamblers to move back to Bitcoin after Italy wins Euro Cup

Bitcoin continues to trade in a tight range and few traders seem to expect a resolution to the upside. Next BTC mining difficulty adjustment is expected to be less negative than the previous one. The inflow of funds on cryptocurrency exchanges may increase volatility and suggest a bullish outlook.

MATIC Price Forecast: Polygon breaks, may unleash a stampede for the exits

MATIC price plotted a large symmetrical triangle pattern on the charts that is officially triggering today. With the break to the downside, Polygon is now vulnerable to a large decline that may test the 200-day simple moving average (SMA) if the broader cryptocurrency complex suffers a renewed surge in selling pressure.

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