Bitcoin, Chainlink & Stellar Lumens – Asian Wrap 19 Apr.

Bitcoin price plummets 14%, sending the cryptocurrency market on the tailspin

Bitcoin price shows a massive sell-off as it fell from $ 60,900 to $ 51,541. This crash is due to rumors surfacing about the U.S. Treasury Department, in which several financial institutions have been charged with cryptocurrency money laundering. BTC could jump around the 61.8% Fibonacci retracement level at $ 51,240.

Chainlink price prediction: LINK to continue area-bound movements

Chainlink price recovers after reaching the lower bound of a rising wedge pattern. The created supply and demand zone indicates that LINK could move sideways. A 78.6% breakdown of the Fibonacci retracement at $ 30.6 could trigger a 13% correction to $ 26.64.

XLM Price Prediction: Stellar bulls prepare for a 200% climb to new highs

The XLM price hit the bottom trendline of an ascending parallel channel during the recent crash. A continuation of the rally from this level shows the promise of a 200% bull rally to $ 1.42, a new all-time high. Stellar could start a new downtrend if the lower part of the demand zone at $ 0.40 is destroyed.

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