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Cryptocurrencies Price Prediction: Bitcoin, Cardano & Cryptos – American Wrap 03 January

BTC/USD restrained below $97,000

BTCUSD started the new year on the right foot, briefly hitting $97,744 after bouncing from the important base of $91,700. However, it struggled to break above key resistance levels, with the 20- and 50-day simple moving averages (SMAs) capping the rally around $97,000. The RSI is also struggling to stay above neutral, signaling caution.  

Bitcoin Weekly Forecast: Slow but positive start

Bitcoin (BTC) edges slightly lower, trading around $96,500 on Friday after an over 2.5% recovery this week, with historical data showing modest average January returns of 3.35%. On-chain metrics suggest the bull market remains intact, indicating a cooling-off phase rather than a cycle peak.

Cardano’s ADA zooms above $1 as Bitcoin remains rangebound

Programmable blockchain Cardano’s ADA token jumped 12% in the past 24 hours to lead gains among crypto majors, with rangebound trading in bitcoin (BTC) influencing the broader market.

 

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