Cryptocurrencies Price Prediction: Bitcoin, Cardano & Axie Infinity — Asian Wrap 06 Jan [Video] – FXStreet

FXStreet Team FXStreet Team

Bitcoin price action shows that some very bearish price action may be coming up soon. Both the Japanese candlestick charts and two Point and Figure charts show dangers to the downside – but follow-through by sellers is necessary and has yet to happen.

Cardano price action continues to struggle to make any headway to higher valuations. ADA has spent 19 weeks in a downtrend from the most recent all-time highs made in September 2021. However, bullish momentum may return very soon.

Sky Mavis, developers of Axie Infinity recently revealed land play that is currently under development. Axie Infinity announces seasonal rewards for those who finished the game in the first 1000. Analysts have a bullish outlook on Axie Infinity price, despite scheduled reduction in staking rewards. 

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Bitcoin price is consolidating between significant barriers and shows no signs of moving out yet. The ongoing move could likely face rejection resulting in a steep correction that could send BTC to revisit levels last seen almost a month ago.
Ethereum (ETH) price is set to give a little bit of a blow to short-sellers as ETH price made a miraculous recovery on the back of a bounce from the $1,043 handle. 
Judge Sarah Netburn ruled against the SEC’s motion to protect the William Hinman documents. This is considered a decisive win in the latest SEC v. Ripple ruling.
Solana Mobile started accepting pre-orders for Saga phones in select countries worldwide, according to a recent announcement. Analysts believe Solana’s price rally is short-lived and upside is capped at $44. 
Bitcoin price is consolidating between significant barriers and shows no signs of moving out yet. The ongoing move could likely face rejection resulting in a steep correction that could send BTC to revisit levels last seen almost a month ago.
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