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Cryptocurrencies Price Prediction: Bitcoin, Polygon and Shiba Inu – European Wrap 4 March

Cryptocurrencies Price Prediction: Bitcoin, Polygon and Shiba Inu – European Wrap 4 March
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Weekly Forecast: BTC bull run to flourish unhinged beyond $52,000

Bitcoin price is hovering between a weekly supply and a daily demand zone, leading to a bracketed movement. The recent run-up fell short of retesting the upper boundary and is currently correcting to find a stable support level.

BTC/USDT 1-day chart

Polkadot price eyes 25% rally, while DOT remains subdued by 50-day SMA

Polkadot price has been in a steady downtrend since November 2021 and shown no signs of a turnaround. Now, however, there are glimmers of hope for investors as DOT meanders close to a stable support level.

DOT/USDT 1-day chart
 

Shiba Inu price is back in a downtrend holding a potential 17% correction

Shiba Inu (SHIB) price action is under the scrutiny of bears as bulls have given away their upper hand and are falling over each other to get out of SHIB price action as it tanks for a third consecutive day. With three bearish signals on the technical front and failed peace talks again between Russia and Ukraine, the background looks set for more downturns to come. From the opening price today, SHIB price action is set to correct another 17% before the current intermediary floor is reached for a test of $0.00002100.

SHIB/USD daily chart

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