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

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

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

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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Bitcoin Price Forecast: BTC extends pullback as profit-taking weighs

Bitcoin Price Forecast: BTC extends pullback as profit-taking weighs

Bitcoin (BTC) trades below $84,000 at the time of writing on Thursday, extending the pullback for the third consecutive day as profit-taking weighs in. Despite the price correction, strong institutional demand alongside sustained accumulation by the 100–1,000 BTC holder cohort could support the Crypto King.
XRP is flashing three bullish signals heading into a historically weak October

XRP is flashing three bullish signals heading into a historically weak October

XRP (XRP) is still flashing 3 bullish signals across its holders, derivatives, and ETF data. These signals come as the token gave back part of its September gains on Thursday. The token traded near $1.50 at press time, down about 6.3% over 24 hours, according to BeInCrypto Markets data. The pullback still leaves XRP up over 15.6% on the week, a gain that tracks a broader market rally.
Crypto Today: Bitcoin, Ethereum, and Ripple – Bulls start to lose control

Crypto Today: Bitcoin, Ethereum, and Ripple – Bulls start to lose control

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Thursday after losses of 2% to 4% the previous day. The major cryptos are starting to lose bullish control in the near term so far this week, despite the institutional funds witnessing steady inflows. The technical outlook for Bitcoin, Ethereum, and Ripple indicates near-term downside risk.
Litecoin token has its moment as network activity booms

Litecoin token has its moment as network activity booms

Litecoin, the cryptocurrency considered silver to Bitcoin's gold, and one that's often missing from day-to-day crypto discussions, has bucked the broader market weakness over the past 24 hours. LTC currently ranked 24th largest by market cap, has gained nearly 8% to $66 in 24 hours, the highest since January.
Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin (BTC) price action has remained resilient this week, trading above $78,000 at the time of writing on Friday, heading toward a key resistance zone. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) on track for a second straight week of outflows, with over $420 million recorded through Thursday amid escalating Middle East tensions.