|

Cryptocurrencies Price Prediction: Polkadot, Bitcoin & Axie Infinity – American Wrap 24 December

Why Bitcoin could see the Christmas holiday begin a 50% rally

Bitcoin price has developed the necessary conditions for a Point and Figure chart pattern known as a Bear Trap. However, it has also developed conditions favorable for a Bearish Catapult setup. Bitcoin price action on its $1,000/3-box Reversal Point and Figure chart has developed two patterns, one bearish and one bullish. Both represent trades that have high positive expectancy rates. But one trade has significantly more profit potential than the other.

Polkadot bulls pour in and rally DOT higher

Polkadot price could experience an unprecedented spike over the next week and extend into late January 2022. The setup on the $2.00/3-box reversal Point and Figure chart indicates a more than 300% move higher from the present value area. Polkadot price has a strong bullish reversal Point and Figure chart pattern developing. That pattern is known as a Spike Pattern. A Spike Pattern is any columns of Xs or Os with fifteen or more boxes.

Axie Infinity presents buy opportunity before AXS hits $170

Axie Infinity price action has an outstanding bullish early entry opportunity coming up. An A-B-C Corrective Wave was likely completed when Axie Infinity hit the 161.8% Fibonacci retracement near $90. That move simultaneously created the conditions necessary for one of the most sought-after bullish reversal patterns in Point and Figure Analysis: the Bullish Shakeout.

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.

More from FXStreet Team
Share:

Editor's Picks

Top 3 Price Prediction: BTC heading to $85,000, ETH awaits breakout, XRP holds $1.50 

Bitcoin approaches the key resistance zone near $85,000 on Friday after posting modest gains so far this week. Ethereum consolidates around $2,700 as traders await its next directional move. Meanwhile, Ripple steadies around $1.500 after recovering losses from earlier this week.

Pepe Price Forecast: PEPE sustains mild recovery on firm retail support

Pepe price holds steady around $0.00000440 at press time on Friday, sustaining the 3.50% gains from the previous day's rebound. The meme coin maintains firm retail demand, with its futures Open Interest stabilizing above $320 million and funding rates remaining positive. PEPE must reclaim the $0.00000500 psychological barrier to sustain an upward trend.

Near Protocol slides below $5.00 after Near Intents $4M exploit

Near Protocol (NEAR) uptrend has been cut short, as the price slides below $5.00. The correction comes after an exploit on the network’s Near Intents services, which affected deposits and withdrawals across 11 crypto networks. NEAR is currently trading at $4.88, below the daily high of $5.54, while falling momentum indicators suggest that sellers are gaining the upper hand.

XRP loses momentum as ETF inflows stall
Ripple (XRP) shows signs of weakness as it slides below $1.50 on Thursday. The correction from September highs of $1.66 aligns with recent struggles faced by major assets Bitcoin (BTC) and Ethereum (ETH). BTC currently trades above $83,000 while its upside is capped below $85,000. As for ETH, the smart contract token hovers between a narrow $2,600-$2,700 range.
Bitcoin: BTC consolidates gains as ETF inflows hit highest level since October 2025
Bitcoin (BTC) price holds above $84,000 at the time of writing on Friday as it consolidates gains of over 4% so far this week. Institutional demand supports the bullish outlook, with spot Exchange Traded Funds (ETFs) recording a net inflow of $2.25 billion through Thursday, pointing to the highest weekly inflow since October 2025.