Cryptocurrencies Price Prediction: PI, Bitcoin & Crypto – European Wrap 2 March
|Pi Network Price Forecast: Core team offloads supply, weighing on PI recovery
Pi Network (PI) hovers below $0.1700, broadly steady at press time on Monday, attempting a recovery after a 2% loss the previous day. Sunday’s decline aligned with nearly 49 million PI tokens offloaded by the Pi Foundation, implying a spike in supply pressure that capped the prevailing four-day recovery. Technically, PI flashes downside risk after failing to exceed the 50-day Exponential Moving Average (EMA) at $0.1740, targeting a crucial support level at $0.1533.
Bitcoin Price Forecast: BTC on brink of breakdown amid US-Iran war
Bitcoin (BTC) remains under pressure near the key support level of $65,700. Trading at $66,400 at the time of writing on Monday, a breakdown below this critical level would suggest a deeper correction ahead. Risk-off sentiment persists, as the escalating military aggression in the Middle East over the weekend continues to weigh on the Crypto King.
Crypto Today: Bitcoin pares losses, Ethereum and XRP drift lower as Middle East conflict pressures risk assets
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) remain on edge as the Israel-US war on Iran risk-off sentiment. The Crypto King trades above $66,000 at the time of writing on Monday, but is struggling to break through the seller congestion around $67,000.
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