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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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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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Ethereum Price Forecast: Long-term holders' capitulation drives ETH below $1,800

Ethereum has fallen below $1,800 on Wednesday, the first time since May 2025 following accelerated spot selling pressure and distributions from long-term holders.

XRP and XLM outlook: Bearish streak extends as risk-off mood erodes retail demand, ETF flows

Ripple and Stellar prices face intense selling pressure, extending losses on Thursday for the fourth consecutive day this week. Cross-border remittance tokens are losing retail sentiment, while XRP faces additional pressure from Exchange-Traded Fund outflows. 

Bitcoin drops below $65K amid reinforced bear market signals

Bitcoin dipped further below $65,000 with onchain data from Glassnode signaling a market firmly in a bear phase. The decline has pushed prices back into a key valuation range between the Realized Price and the True Market Mean.

Grayscale launches Hyperliquid staking ETF, undercutting rival fees

Grayscale announced the launch of its Hyperliquid Staking ETF (HYPG) on Wednesday, now trading on Nasdaq. The fund offers investors direct exposure to HYPE and incorporates staking rewards, which the company claims have historically ranged from 2.2% to 2.3% annually.

Billions in ETF outflows don’t bode well
Bitcoin (BTC) remains under pressure, trading below $74,000 on Friday, and is set to post its third consecutive week of losses. The institutional sell-off continues, with spot BTC Exchange-Traded funds (ETFs) recording billions in outflows. In addition, sticky inflation and macroeconomic headwinds suppress the Crypto King’s upside potential. Institutional demand continues to weaken so far this week.