Cryptocurrencies Price Prediction: Bitcoin, Binance Coin and Ethereum – European Wrap 21 October
Bitcoin price set to enter next phase of bearish price action
Bitcoin (BTC) price action is not in a sweet spot this week as markets were rattled once again by events in the United Kingdom. Although initially, one would think it has nothing to do with cryptocurrencies, the problem with the UK is that it is on the brink of collapse. During her 45-day tenure, Prime Minister Truss succeeded in almost pushing the UK bond market into the abyss. If the BoE had not stepped in, the IMF would have had to make sure no spillover effects touchedEurope, the US and Australia, risking a blood bath in the markets with cryptocurrencies as one of the casualties of the meltdown.
Binance Coin price could revisit $210 if this level fails to hold
Binance Coin price continues to defy a bullish outlook and slide lower as selling pressure builds up. This development will soon approach a stable support level, a breakdown of which could result in a steep correction for BNB holders.
Large Ethereum whales gobble 3.5 million ETH, holdings hit new all-time high
Large wallet investors on the Ethereum network have scooped up large quantities of the altcoin. Over the past month, whales holding one million or more ETH collectively accumulated 3.5 million more Ethereum.
Author
FXStreet Team
FXStreet
