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Cryptocurrencies Price Prediction: Bitcoin, Cardano and Uniswap – European Wrap 13 August

Cryptocurrencies Price Prediction: Bitcoin, Cardano and Uniswap – European Wrap 13 August
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Weekly Forecast: BTC bulls eye $50,000, but technicals threaten 10% retracement

Bitcoin price has struggled to slice through a crucial resistance level for over four days. This stagnation has pushed BTC and the altcoins to lose momentum and flash a warning signal of an incoming pullback. 

BTC/USDT 12-hour chart

Cardano, Solana and Polkadot compete for dominance ahead of Ethereum's ETH2 upgrade

The non-fungible token (NFT) landscape is currently dominated by Ethereum, and it is likely that NFT applications migrate from the mainnet to layer-2 solutions. Ethereum killers are competing for a bigger share of the NFT market.

Uniswap Price Prediction: UNI to retrace 15% as bulls take break

Uniswap price is tussling with the range high and is likely to face rejection considering the general structure of the cryptocurrency market. Despite the recent upswing, investors should be wary of fakeouts.

UNI/USDT 12-hour chart

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

The cryptocurrency remains in a broader corrective bias on Friday, despite majors such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) holding slightly higher than early-week support levels.

Cardano: Whale selling, cautious derivatives limit ADA rebound

Cardano: Whale selling, cautious derivatives limit ADA rebound

Cardano is trading near $0.170 at the time of writing on Friday after staging a modest rebound from last week's sharp correction. However, the recovery remains fragile as large holders have resumed reducing their positions, adding fresh selling pressure to ADA.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support.

Pi Network Price Forecast: Bulls attempt comeback as bearish strength fades

Pi Network Price Forecast: Bulls attempt comeback as bearish strength fades

Pi Network is trading at around $0.120 on Friday after a modest recovery the previous day. Despite this recent rebound, traders should be cautious as a scheduled unlock of 14.8 million PI tokens on Friday could limit the token's recovery potential by increasing market supply.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.