Cryptocurrencies Price Prediction: Bitcoin, Zilliqa & Binance Coin — Asian Wrap 10 May
|Bitcoin price could rebound after reaching extreme oversold levels
Bitcoin price steep decline spells for a capitulation event underway. More price decline is likely to occur, but traders should consider the bullish macro thesis event until $28,799 is broken. The Bitcoin price decline has analysts deeming the cryptocurrency market a bear market.
Zilliqa price stabilizes before ZIL retests $0.12
Zilliqa price is coming off a deep pullback from the massive 500% rally in March. Last week’s weekly candlestick showed a historically bullish reversal pattern, but follow-through is necessary to confirm that pattern. Zilliqa price, like the rest of the cryptocurrency market, is facing a continued sell-off.
Binance coin price is on its way to $250
Binance coin price is likely to continue falling in the short term before the anticipated market bounce occurs. $250 is a probable target. Binance coin price had produced a ramping 1-2 pattern before a bearish engulfing candle displayed on the 3-day chart.
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