Cryptocurrencies Price Prediction: Bitcoin, Polkadot and Shiba Inu – European Wrap 22 April
Bitcoin Weekly Forecast: Early longers trapped, a move to $46,200 likely
Bitcoin price reveals an opportunity to buy as it stoops to crucial support levels. This downswing looks to be a ploy from market makers to purge the sell-side liquidity before triggering an uptrend.
Failed attempts at bull rally could crash Polkadot price to this level
Polkadot price is at a junction where a failure to breach through significant hurdles will result in a corrective phase. On the other hand, a swift recovery above these levels could set a base for impressive gains.
Why Shiba Inu price is set for a 15% value increase
Shiba Inu (SHIB) price slipped in late trading hours on Thursday after earnings shook the markets. Instead of seeing a continuation to the downside, bulls have already pared back most of the incurred losses and are back on track to test the sloping side of a wedge pattern. Add to that the fact that there is a catalyst event this weekend with the French elections, where Macron is set to win according to the polls, and price action is set to pop in favour of bulls.
Author
FXStreet Team
FXStreet
