Cryptocurrencies Price Prediction: Dogecoin, Ethereum & Bitcoin – American Wrap 10 November
|Bitcoin smashes through $69,000 as US inflation hits its highest point in 30 years
Bitcoin enters price discovery as US inflation hits 6.3%. The benchmark cryptocurrency has hit a new all-time high as institutional capital continues to flow in Bitcoin. US inflation hit 6.3% as Bitcoin crosses previous all-time high and begins price discovery. Analysts argue that Bitcoin is likely to hit the end of year targets in the currency cycle as the Consumer Price Index rises. Bitcoin is considered a hedge against inflation; therefore, a rise in inflation influences capital rotation in Bitcoin.
Dogecoin to skyrocket to $1 as SpaceX confirms DOGE-1 moon mission
Dogecoin price continues to experience whipsaws in price action with no defined breakout yet established. That may change given some upcoming fundamental events combined with strong technical breakout levels. Dogecoin price action continues to frustrate buyers. DOGE is, quite literally, going to the moon.
Ethereum price rally isn’t over yet as ETH bulls keep tight support
Ethereum (ETH) has been on a steep rally since the beginning of October, holding 80% of profits already – and it does not look that price action in ETH will stop anytime soon. Fresh buyers are adding to the rally with additional media attention and current tailwinds in cryptocurrencies. ETH price action reveals that although a few indicators point to overbought, bulls are keeping to a tight short window for profit-taking before Ethereum price rockets off to new all-time highs.
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