Cryptocurrencies Price Prediction: Bitcoin, Dogecoin and Polygon – European Wrap 25 April
|Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptos hang by a thread as bulls disappear
Bitcoin price has slid below a crucial support level slowly indicating that the sellers are overwhelming the buyers into a slow death. Although the last two times BTC tagged this barrier, it resulted in a bullish move, this time around, things are different and could head south. Ethereum, Ripple and altcoins could see a similar bearish fate.
Should you buy Dogecoin after the recent dip
Dogecoin price is tracing a massively popular and bullish pattern on the weekly time frame. A breakout from this setup could trigger bullish volatility for the meme coin, which has been virtually absent since its all-time high in May 2021.
Polygon’s MATIC could dip below $1 for these reasons
Polygon (MATIC) price is set to drop 12% as price fades further under the scrutiny of dollar strength and investors worrying about Covid spreading in Beijing and Shanghai. Not only is that last element a worry – that lockdowns can swing back into effect in Europe and the US – but it also adds to pressure again on the already troubled supply chains, potentially resulting in higher inflation. With that correlation, investors are pulling more funds out of equities and cryptocurrencies and fleeing into cash and safe havens this morning. This is causing a drop in MATIC price towards $1.20 and possibly lower going into the trading week as big tech is set to report its earnings.
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