Cryptocurrencies Price Prediction: Bitcoin, Avalanche & — Asian Wrap 28 Feb [Video] – FXStreet

FXStreet Team FXStreet Team

BTC/USD seesaws around $36,700 during the late Sunday’s trading, after declining for three consecutive weeks in the last. In doing so, the Bitcoin pair makes rounds to the 61.8% Fibonacci retracement (Fibo.) of the quote’s upside from late January to February 10.

AVAX price has developed a new higher low on the Point and Figure chart, giving many Point and Figure traders the confirmation necessary to look at the long side of the trade. As a result of the current price action, a new probable long entry setup has appeared. price action has seen the same rally off its lows that many cryptocurrencies have seen since Thursday. At present, CRO is halted up against the first of two resistance clusters that must be broken. A return to $0.50 would be the first step to returning to all-time highs.

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XRP price has been on a steady downtrend with lower lows and lower highs depicted by a declining trend line. However, this correction could be a blessing in disguise as it is likely to provide a buying opportunity, allowing investors to position themselves for a quick gain.
Dogecoin price is preparing for a further decline as the prevailing chart pattern suggests that DOGE is headed in a downward direction. The canine-themed token could tag the lower boundary of the governing technical pattern as it searches for support. 
MATIC price suffered a bearish fate as it encountered a breaker on its way, leading to rejection and correction on February 7. Since then, Polygon has consolidated and is currently preparing for a quick run-up. MATIC price crashed 40% after piercing a bearish breaker.
BTC/USD stays pressured around short-term key support after three-week downtrend. Bear cross, downbeat oscillators keep sellers hopeful around 61.8% Fibonacci retracement level. Five-week-old ascending trend line support may test the bears nearby horizontal line.
BTC suffered a fatal crash to a crucial support level after news of Russia attacking Ukraine spread. This downswing caused the crypto market to crumble, but the recovery seems to be going well and suggests that BTC could be due for a relief rally.
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