|

Cryptocurrencies Price Prediction: Polygon, Polkadot & Bitcoin — Asian Wrap 05 Oct

MATIC Price Prediction: Polygon bulls ready for new all-time high at $3

MATIC price has been consolidating since it set up a swing low on April 19. This coiling up phase comes after Polygon took off exponentially. Going forward, investors can expect a similar run-up due to the formation of a bullish continuation pattern.

Polkadot price develops bearish divergence, hinting at 22% drop

Polkadot price is nearing an inflection point. Like a majority of the cryptocurrency market, Polkadot has paused after experiencing a massive rally. At first glance, Polkdadot appears to be in very favorable buying conditions. However, not all is as it may seem.

Bitcoin positions for bullish breakout as the road to $70,000 becomes more clear

Bitcoin price has experienced a massive rally throughout the last couple of days of September and the beginning of October. A nearly 20% gain from the September 29th low to the weekend high has generated substantial interest and expectations to a new bullish breakout for Bitcoin.

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

Ripple remains range-bound above key support

Ripple holds firmly above the $1.00 near-term support at the time of writing on Monday. The remittance token’s upside is capped under key descending moving averages, undermining the broader technical outlook.

Crypto Today: Bitcoin, Ethereum, XRP eye short-term recovery amid ETF inflows

Cryptocurrency prices are gaining traction on Monday, with Bitcoin trading above $65,000, Ethereum holding the near-term $1,900 support and Ripple hovering above the critical $1.00 demand zone. The broad recovery comes amid capital inflows through US-listed ETFs.

Worldcoin advances on Eightco buying, firm retail demand

Worldcoin is up 12% so far on Monday, advancing the mild gains from the previous day. Eightco Holdings reported that it holds 302 million WLD tokens, worth roughly $96 million, indicating steady institutional interest, with retail demand holding firm as Open Interest is up 15% in 24 hours.

Bitcoin: Bulls regain ground as BTC reclaims $65,000 

Bitcoin holds above $65,000 at the time of writing on Monday, after recovering more than 2% last week, with bulls finding support around the 200-week Simple Moving Average. Strong spot Exchange Traded Funds inflows point to renewed institutional demand.

Bitcoin: Can bulls weather the market uncertainty?
Bitcoin (BTC) remains resilient, trading above $65,000 on Friday, with bulls defending key support despite cautious market sentiment. US-listed spot Bitcoin Exchange-Traded Funds (ETFs) showed strong inflows through Thursday, pointing to renewed institutional demand.