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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Chainlink– Asian Wrap 14 Oct

Bitcoin Price Forecast: Analyst predicts an explosive Q4 based on on-chain metrics

Over the last seven days, Bitcoin jumped up from $10,600 to $11,500 as the premier cryptocurrency looks to trade above $12,000. However, BTC may be on the verge of a truly historic Q4.  Analyst Chris Russi explained why BTC is on the verge of exploding in a series of tweets.

LookIntoBItcoin's 1Y+ HODL Wave chart allows you to look at the percentage of circulating supply that has not moved in over a year. As per the chart, 63% of all coins have not moved for over a year. 

BTCUSD dialy chart

Ethereum Price Analysis: Whales prepare for ETH 2.0 network upgrade, bulls eye $800

The much anticipated Ethereum 2.0 upgrade has faced several challenges and delays, but it looks like they are finally on track. As previously reported, the smart contract giants previously launched a testnet named “Spadina,” which was supposed to be a “dress rehearsal” for ETH 2.0. However, it had a host of issues with its configurations, which prompted the need for a new testnet.

Zinken, a new shortened testnet, was launched on Monday, October 12, to allow the community validators to iron out issues and give them a chance to test out the genesis process before the mainnet launch.

ETH/USD daily chart

Chainlink Price Prediction: LINK recovery hits pause amid hovering reversal to $10

Chainlink has printed a remarkable recovery over the last seven days. Bulls regained control of the price after LINK embraced support marginally above $7. However, they struggled at $9 before a breakout from a descending parallel channel came into the picture. At the time of writing, LINK/USD is trading at $11.2 after a shallow retreat from highs close to $12.

LINK/USD price chart

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Ripple faces persistent bear risks, shrugging off ETF inflows

Ripple is extending its decline for the second consecutive day, trading at $2.06 at the time of writing on Friday. Sentiment surrounding the cross-border remittance token continues to lag despite steady inflows into XRP spot ETFs. 

Luna Classic soars 20% as Do Kwon's sentence hearing looms

Luna Classic surges 20% on Friday, extending its recovery for the fourth consecutive day. Roughly 959 million tokens have been burned in December so far, fueling LUNC's recovery.

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000. 

Ethereum strengthens against BTC post-Fusaka, targeting $3,200 breakout

Ethereum trades above $3,100 on Friday, with bulls aiming for a breakout above a two-month-old resistance trendline. Ethereum gains strength against Bitcoin as demand for the major altcoin increases after the Fusaka upgrade.

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Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.