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.

Image from Pixabay

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