Cryptocurrencies Price Prediction: Ethereum, Polygon & Bitcoin – American Wrap 12 July
|Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Big crypto needs to prove itself as downside risk multiplies
Bitcoin price is now down -4.44% for the month as it clings to the support formalized by the 12-month simple moving average (SMA). Ethereum price is down -7.75% for the month but barely holds the instructive 2020 ascending trend line. Meanwhile, XRP is down -10.24% this month while navigating a range framed by the inverse head-and-shoulders neckline and the 78.6% Fibonacci retracement level.
Gamblers to move back to Bitcoin after Italy wins Euro Cup
Bitcoin continues to trade in a tight range and few traders seem to expect a resolution to the upside. Next BTC mining difficulty adjustment is expected to be less negative than the previous one. The inflow of funds on cryptocurrency exchanges may increase volatility and suggest a bullish outlook.
MATIC Price Forecast: Polygon breaks, may unleash a stampede for the exits
MATIC price plotted a large symmetrical triangle pattern on the charts that is officially triggering today. With the break to the downside, Polygon is now vulnerable to a large decline that may test the 200-day simple moving average (SMA) if the broader cryptocurrency complex suffers a renewed surge in selling pressure.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.