Bitcoin, Ripple and Chainlink – American Wrap: 22/10/2020

Bitcoin Price Prediction: Bitcoin faces a potential withdrawal before a final push to $ 20,000

Bitcoin is back above 60% of market dominance and surpassed $ 13,000 for the first time since June 2019. In the last week alone, BTC’s total market cap has increased by over $ 31 billion.

The flagship cryptocurrency has risen 13% in the past 48 hours after a massive announcement by PayPal to support digital assets such as BTC, ETH, BCH and LTC. The bulls are eating $ 20,000; however, there is a chance that Bitcoin will face a pullback first.

Chainlink Price Prediction: LINK remains bullish but could experience a pullback

Chainlink has had a whopping 11% breakout in the past 24 hours, surpassing that critical resistance level of $ 12. The bulls are in control of many times; however, the digital asset still faces some obstacles as it grows.

On the 4-hour chart, the TD sequential indicator presented an unconfirmed but nonetheless strong sell signal as the latter preceded a 13% loss over the next three days. Furthermore, the RSI is overextended, adding further selling pressure.

Ripple Price Prediction: XRP breaks through a critical resistance level and points to $ 0.30

XRP has been battling with an ascending triangle for about a month now and seems to have finally crossed the upper limit. If the digital asset can close above this critical resistance point, the bulls will have full control.

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