|

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

More from FXStreet Team
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Ripple faces persistent bear risks, shrugging off ETF inflows

Ripple is extending its decline for the second consecutive day, trading at $2.06 at the time of writing on Friday. Sentiment surrounding the cross-border remittance token continues to lag despite steady inflows into XRP spot ETFs. 

Luna Classic soars 20% as Do Kwon's sentence hearing looms

Luna Classic surges 20% on Friday, extending its recovery for the fourth consecutive day. Roughly 959 million tokens have been burned in December so far, fueling LUNC's recovery.

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000. 

Ethereum strengthens against BTC post-Fusaka, targeting $3,200 breakout

Ethereum trades above $3,100 on Friday, with bulls aiming for a breakout above a two-month-old resistance trendline. Ethereum gains strength against Bitcoin as demand for the major altcoin increases after the Fusaka upgrade.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.