Cryptocurrencies Price Prediction: Ethereum, Shiba & Bitcoin – American Wrap 27 January
|Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto losses contained as markets rebound
Bitcoin dipped in the US trading session after the Fed gave markets the message that they expect to make more rate hikes in 2022g. Since then, however, price action has been kept very much contained by bulls. We see a similar pattern in the other two majors, Ethereum and Ripple, with each finding strong support around a technical element, and the Relative Strength Index (RSI) flatlining, and thus paving the way for bulls to start an uptrend.
Bitcoin struggles against resistance as bulls keep their eye on $40,000
Bitcoin price action faced intense selling pressure after the Fed’s decision, with Bitcoin losing more than 5% from its Wednesday high. If the sell-off from the top wasn’t discouraging enough for bulls, then the daily close in the red certainly added insult to injury. However, a significant sell-off and bearish continuation move have not developed – yet.
Whale accumulation of $88 million in Shiba Inu could not prevent further price decline
Shiba Inu developers revealed the memecoin’s plans for entering the metaverse with “Shibverse.” The Dogecoin-killer’s price continued to drop despite accumulation by whales and news of its entry in the metaverse.
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