Cryptocurrencies Price Prediction: Bitcoin, Ethereum, Ripple, Cardano & Binance– American Wrap 28 December – FXStreet

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Bitcoin price action forms a bull flag on its Point and Figure chart, indicating a return to the $60,000 value area. Ethereum price faces consistent rejection against key Ichimoku resistance levels, preventing any close above the $4,000 value area. XRP price continues to find difficulty holding above two key Ichimoku levels.
Cardano (ADA) price has been on the right track these past few days, with a technical rally that saw bulls rejected by the 55-day Simple Moving Average (SMA) at $1.63, just a few ticks shy of the $1.68 significant historical level. ADA price gaps were lower this morning and looked to be pairing back most of the built-up gains from last week in search of support. Expect price action to dip further with support at $1.37 or $1.20.

The crypto market crash on Monday triggered cascading liquidations in futures across derivatives exchanges. Assets with the highest market capitalization were hit the hardest in the bloodbath. 
 

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Bitcoin (BTC) price is in a tight spot, and subject to some ferocious moves in markets where every asset class has seen outflows of money. Unfortunately, risk assets like cryptocurrencies and stocks have sold off more than bonds and commodities, with only one victory in the forex market: the US dollar.
Ethereum price prediction continues to be a high-risk activity as the second-biggest cryptocurrency continues to fall. ETH price dropped to $1,100 during the Asian trading session on Tuesday and has since bounced back to levels around $1,200 in the European session. 
XRP price is showing strength as it bounces off a stable support level in line with an uptick in bullish momentum and recovery in Bitcoin price. Investors need to tread carefully, however, as the crypto markets are on the precipice of a capitulation move.
Cardano (ADA) price is set to book a solid intraday rally which makes one wonder if ADA traders are aware of what is happening in the markets. With global markets rattled and coiled by inflation worries and several asset classes on the back foot.
BTC is at a point in its journey through the bear market where investors are split into camps that are expecting a relief rally, a continuation of the crash and a full-blown bull rally. Interestingly, none of the aforementioned theses is wrong per se.
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