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Cryptocurrencies Price Prediction: Solana, Algorand & Bitcoin – American Wrap 16 March

Cryptocurrencies Price Prediction: Solana, Algorand & Bitcoin – American Wrap 16 March
FXStreet TeamFXStreet TeamFXStreet

Bitcoin price responds to the Fed by rallying, a close at $41,250 essential for further upside

Bitcoin price action has thrown bulls and bears into a tailspin ever since the Fed announced its recent interest rate increase. However, at the time of publication, bulls are in control and look to initiate an extremely bullish entry signal that could set BTC on the path to new all-time highs. 

Solana price at risk of collapse

A brief technical and on-chain analysis on Solana price. Here, FXStreet's analysts evaluate where SOL could be heading next. Please, subscribe to our YouTube channel, follow us on Twitter @FXScrypto and join our Telegram channel.

Algorand Price Forecast: ALGO prepares for 25% rally towards $87

Algorand price has been one of the more bearish cryptocurrencies this week as the price has printed the lowest low all month at $66. Despite the bearish grip, the 12-hour chart says the current downtrend could be coming to an abrupt end.

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FXStreet Team

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

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.