Cryptocurrencies Price Prediction: Bitcoin, Binance Coin and Decentraland – European Wrap 18 February – FXStreet

FXStreet Team FXStreet Team
FXStreet

Bitcoin price is currently retracing after failing to pierce through a thick resistance barrier. Going forward, investors can expect the pullback to bounce off a significant support level confluence and give the uptrend another go.
 
BTC/USDT 1-day chart
Binance Coin price has been on a steady downtrend after failing to set up a higher high. This downswing is currently stabilizing around a support level as BNB prepares for a new attempt.
SHIB/USDT 4-hour chart
Decentraland price has been on a downswing for the past two days and is currently attempting to make a U-turn. There is a good chance MANA will slide lower before triggering a quick run-up.
MANA/USDT 4-hour chart
 
 
 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Bitcoin price is currently retracing after failing to pierce through a thick resistance barrier. Going forward, investors can expect the pullback to bounce off a significant support level confluence and give the uptrend another go.
Institutional capital inflow to altcoins continues, and Mark Cuban believes MATIC and Ethereum could outperform Bitcoin. MATIC price recently suffered a drop, and analysts predict a continuation of the downtrend. 
Binance Coin price has been on a steady downtrend after failing to set up a higher high. This downswing is currently stabilizing around a support level as BNB prepares for a new attempt.
Decentraland price has been on a downswing for the past two days and is currently attempting to make a U-turn. There is a good chance MANA will slide lower before triggering a quick run-up.
Bitcoin price slips below the 50-day SMA as it eyes a retest of the $36,398 to $38,895 demand zone. Despite the crash, long-term investors are bullish as the supply of BTC on exchanges hits a three-year low. A breakdown of the $34,752 support level will invalidate the bullish thesis.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXStreet are those of the individual authors and do not necessarily represent the opinion of FXStreet or its management. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.Any opinions, news, research, analyses, prices or other information contained on this website, by FXStreet, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

source