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Cryptocurrencies Price Prediction: Polygon, Ripple & Bitcoin – American Wrap 08 April – FXStreet

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Bitcoin price is at an interesting point in its journey over the past three weeks. After breaching a massive hurdle, BTC continued heading higher but has retraced over the last three days. Despite the recent drawdown, BTC has a high probability of an uptrend.
BTCPERP 2022 04 08 07 39 50 637849892819623040 637850514880901077
XRP price has seen better days as the digital remittance token failed to reach $1 last month. Analysts at FXstreet did manage to foresee the sell-off coming, noticing sudden changes in price and volume behavior. It seems there was a reason for all the erratic price fluctuations for XRP lately. 
XRPUSDT 2022 04 08 16 24 56 637850499120909971 637850515426411505
Polygon price is currently trading at $1.50 within a previous demand zone. Last week’s bullish thesis mentioned that MATIC price could find a bottom between the $1.55 and $1.65. The uptrend invalidation was set at $1.55. Now that the MATIC price has completely invalidated the extended target, the MATIC price hints that a larger selloff may be underway.
MATICUSDT 2022 04 08 11 30 20 637850413086129911 637850515729866344

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While Cardano price continues its decline, large-wallet addresses are scooping and increasing their ADA holdings. Santiment revealed that large-wallet addresses had accumulated nearly 200 million ADA tokens over the past two weeks. 
Shiba Inu (SHIB) price slipped below necessary support after experiencing bearish pressure from a downward trend line. Bulls, however, have kept any further fades contained and even revealed a squeeze to the upside. 
Ethereum price is forecasting a quick uptrend as it consolidates in a set up in a step lock manner at its current level. Investors need to keep a close eye on influential Bitcoin price action since it could ruin the setup. 
Analysts predict a deterioration in Bitcoin price as the FOMC’s decision on a rate hike looms overhead. Bitcoin price could re-test $28,000 if the asset fails to rebound and break out of the bearish trend. 
Bitcoin is likely to slide below $37,699 to collect liquidity before heading higher. BTC has prematurely triggered a minor run-up, leaving its downside objective unfulfilled. Investors can expect BTC to slide lower and collect liquidity below a significant level before triggering a full-blown impulse move.
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Abhinav Breathes and Bleeds Technology. He's a humanoid with a passion for Gadgets, Cars, Gaming. You can usually find him on PSN Blabbering about his FIFA skills.

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