Cryptocurrencies Price Prediction: Bitcoin, ChainLink & SafeMoon — Asian Wrap 25 Oct

FXStreet Team FXStreet

Bitcoin Price Prediction: BTC set to retest $56,000

Bitcoin price has continued to trend lower following its all-time high on October 20. The leading cryptocurrency could slide further toward $56,000 to retest critical support levels after investors engaged in profit-taking. Bitcoin price fell below a crucial support trend line on October 22, exposing BTC to further downside risk.

Chainlink price faces minor sell-off before resuming uptrend

Chainlink price faced stiff resistance at $31.26 as it reached the topside trend line of the prevailing chart pattern and is headed lower as the bulls lose strength. LINK could be headed for a minor sell-off as a critical technical level suggests the token has reached its local top.

SafeMoon price prepares to escape from prevailing downtrend with 60% ascent

SafeMoon price has been locked in a downtrend since May 23, with little ambition to reverse the period of sluggish performance. While the altcoin is trapped in the prevailing consolidation chart pattern, an escape above $0.00000288 could spell trouble for the bears.

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FXStreet Team

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