Cryptocurrencies Price Prediction: Bitcoin, Polkadot and – European Wrap 14 February – FXStreet

FXStreet Team FXStreet Team

Bitcoin price set up a higher high on the daily chart, and the current retracement is likely to confirm whether bulls are ready or not for a run-up. Ethereum and Ripple show different setups but ultimately will follow in the big crypto’s footsteps.
BTC/USD 1-day chart
Gavin Wood, the creator of the Polkadot network, believes that the altcoin allows people to interact without the need to trust each other. Leading the way in the decentralized Web3 ecosystem, Polkadot’s parachain auctions are considered a catalyst for the altcoin’s price. token has been in an uptrend for quite some time but the exhaustion of the recent rally has led to a consolidation. A breakout from this coil could be the trigger for further gains for CRO.
CRO/USDT 1-day chart

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Cardano price has been on a downswing for the past month and has revisited a crucial support level twice in this range. A breakdown of this barrier could lead to a steep correction to levels last seen a year ago. Cardano price set up a higher high at $1.64.
XRP price could be headed lower as sentiment fails to shift bullish, putting Ripple at risk of a 10% fall toward $0.70. The prevailing chart pattern suggests that the cross-border remittance token could continue to consolidate. 
Bitcoin price dropped below a critical Ichimoku level on Thursday and extended the drop throughout Friday and Saturday. However, this pullback is probably due to a return to equilibrium within the Ichimoku Kinko Hyo system.
MATIC price has been on a downtrend since December 27, 2021, and has shown no signs of a reversal so far. The recent uptrend, albeit promising for a while, failed to set up a higher high.
Bitcoin price is at an inflection point of its recent uptrend and is likely to reverse and establish a directional bias. If BTC sets a higher low, there is a good chance the rally will continue; else, investors can expect a steep correction.
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