Cryptocurrencies Price Prediction: Bitcoin, Chainlink and Monero – European Wrap 12 October


Bitcoin Price Analysis: Three factors why BTC is going to surge

Bitcoin (BTC) jumped above $11,000 at the end of the previous week and stopped within a whisker of a local resistance created by $11,500. At the time of writing, BTC/USD is changing hands at $11,350, mostly unchanged both on a day-to-day basis and since the beginning of Monday. The pioneer digital currency gained over 6% in the last seven days. However, it is still below the 2020 high. Read More ...

Chainlink Price Forecast: LINK must break through this resistance for the ultimate rally to $13

Chainlink recently embarked on its upward trend following a period of continued downward price action. Support established at $7.2 assisted buyers to regain balance and control of the price. A reversal from the first week of October has seen the decentralized oracle token step above several key levels like $9, $10 and $11. In the meantime, LINK/USD is doddering slightly above $11 amid a developing bullish momentum. Read more ...

 

LINK/USD price chart

Monero and ZCash celebrate the Department's of Justice failure to crack their encryption

The privacy-oriented coins Monero (XMR) and ZCash (ZEC) experienced a strong rally during the weekend. They continued gaining ground on Monday as the market is discussing their hack-proof encryption. Read more ...

 

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China prohibits units and individuals from creating and selling cryptocurrencies

The new draft of legal comments clearly states that no individual or unit can produce or sell tokens to replace CNY in circulation in the market. The violation of this law will have severe consequences according to the draft.

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Uniswap Price Prediction: UNI needs to crack $3.1 for a massive price explosion

Uniswap has been in a downtrend for several weeks now while bulls attempt to see any kind of rebound. The digital asset seems to be facing a crucial resistance point. Let’s take a look at several indicators and patterns to determine the direction of the price.

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Bitcoin Weekly Forecast: Bitcoin goes up as some of the world's largest currencies go down

While investors are waiting for BTC to retest all-time highs and shoot to the moon, it is already there. In some countries, the pioneer digital asset surpassed the peak of 2017 and hit new historic highs in local currencies.

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Yearn.Finance Price Prediction: YFI looks poised for a breakout towards $20,000

YFI has been trading inside a massive downtrend since September 12 and formed a head and shoulders pattern that broke bearishly. After losing close to 70% of its value over one month, the digital asset seems ready for a massive rebound. 

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Bitcoin Weekly Forecast: Bitcoin goes up as some of the world's largest currencies go down

While investors are waiting for BTC to retest all-time highs and shoot to the moon, it is already there. In some countries, the pioneer digital asset surpassed the peak of 2017 and hit new historic highs in local currencies.

Read the weekly forecast

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