Ethereum, Dogecoin & Bitcoin – American Wrap 14 July

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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Powell says private cryptos may not be necessary, while BTC nears a volatility surge

Bitcoin price continues to tighten, compressing the Bollinger Band Width (BBW) to the lowest reading since October 15, 2020. Ethereum price briefly loses grip on the critical ascending trend line originating in March 2020, but beware of a bear trap. XRP loses pivotal $0.650 support, but Average True Range (ATR) has compressed to the early April levels, hinting at incoming volatility. 

Bitcoin investors in extreme fear, unaware of incoming bullish supply shock

Bitcoin Fear and Greed index shows that fear has gripped the market for over 60 days in a row. The popularity and demand for altcoins with small market capitalization have increased. No big spikes are noted in Bitcoin net flows, whales with less than 10,000 Bitcoins continue accumulating.

Dogecoin price finds local bottom, DOGE targets $0.30

Dogecoin price is on a five-day losing streak with no new highs since. The meme coin is getting squeezed to the downside. As DOGE enters correction territory, time for buyers to look for longs. Dogecoin price has not had the best series of numbers in the past few days. With the push to the downside and monthly pivots each time broken to the downside, it is fishing in the bottom for some support.

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