TRENDING:
Trade War
XAU/USD
Silver
EUR/USD
GBP/USD
USD/CAD
AUD/USD
Sponsored by
Login
|

Cryptocurrencies Price Prediction: MATIC, Bitcoin & Cryptos – American Wrap 12 October

Cryptocurrencies Price Prediction: MATIC, Bitcoin & Cryptos – American Wrap 12 October
FXStreet TeamFXStreet TeamFXStreet

MATIC price crashes 66% from 2023 peak as Polygon hardfork looms

Polygon (MATIC) price appears to be stuck in a downtrend since it reached a 2023 top in February, noting only one instance of recovery attempted.  The drawdown has left the altcoin grasping at straws to note a rebound, with another attempt likely to be made in the next couple of hours. 
MATIC/USD 1-day chart
Bitcoin Grayscale Investment Trust with ticker GBTC is showing sideways corrective price action in the hourly chart, ideally a bullish triangle pattern that can take the Bitcoin price higher once it’s fully completed, especially if we consider a strong daily trendline support.
gbtcD
Before she worked at Alameda Research, Caroline Ellison did not think she’d break the rules of morality and also accounting. Of course, this was also before her ex-boyfriend and boss Sam Bankman-Fried convinced her that such mores were worth bending for the greater good.
 
 

Author

FXStreet Team

More from FXStreet Team
Share:

Editor's Picks

Ripple bulls defend key support amid waning retail demand and ETF inflows

Ripple bulls defend key support amid waning retail demand and ETF inflows

XRP ticks up above $1.40 support, but waning retail demand suggests caution. XRP attracts $4 million in spot ETF inflows on Thursday, signaling renewed institutional investor interest.

Crypto Today: Bitcoin, Ethereum, XRP rebound as risk appetite improves

Crypto Today: Bitcoin, Ethereum, XRP rebound as risk appetite improves

Bitcoin rises marginally, nearing the immediate resistance of $68,000 at the time of writing on Friday. Major altcoins, including Ethereum and Ripple, hold key support levels as bulls aim to maintain marginal intraday gains.

Bitcoin Weekly Forecast: No recovery in sight 

Bitcoin Weekly Forecast: No recovery in sight 

Bitcoin price continues to trade sideways between $65,729 and $71,746, extending its consolidation since February 7. US-spot ETFs record an outflow of $403.90 million through Thursday, pointing to the fifth consecutive week of withdrawals.

Pi Network Price Forecast: PI recovery stalls amid profit-taking

Pi Network Price Forecast: PI recovery stalls amid profit-taking

Pi Network tests 50-day EMA support on Friday, after a 5% decline the previous day. PiScan data shows large deposits on CEXs totaling over 4 million PI tokens in the last 24 hours, reflecting an exodus of investors taking profits.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: No recovery in sight

Bitcoin: No recovery in sight

Bitcoin (BTC) price continues to trade within a range-bound zone, hovering around $67,000 at the time of writing on Friday, and falling slightly so far this week, with no signs of recovery.