Cryptocurrencies Price Prediction: Bitcoin, TRX & Crypto – European Wrap 4 November
|Bitcoin Price Forecast: BTC edges below $104,000 as long-term holders intensify sell-off
Bitcoin (BTC) extends its correction on Tuesday, slipping below $104,000 and continuing its decline from the previous day. The bearish outlook is further strengthened as Bitcoin long-term holders continue to offload their holdings, adding to the mounting selling pressure. Meanwhile, US-listed spot Bitcoin Exchange Traded Funds (ETFs) recorded outflows of over $186 million on Monday, hinting at fading institutional demand for the largest cryptocurrency by market capitalization.
Tron Price Forecast: TRX risks breaking year-long support as user, retail demand drops
Tron (TRX) trades at $0.2800 by press time on Tuesday, under bearish pressure following a 5.64% loss on Monday. Technically, TRX risks breaking below a crucial support trendline while both derivatives and on-chain data suggest a decline in retail and user demand.
Crypto Today: Bitcoin, Ethereum, XRP descend further as retail and institutional traders exit
Bitcoin (BTC) declines for the second consecutive day, reflecting a sticky risk-off sentiment in the broader cryptocurrency market. Trading below $104,000 at the time of writing on Tuesday, the path of least resistance appears to be downward, targeting its October low of $102,000.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.