Cryptocurrencies Price Prediction: Bitcoin, Meme & Crypto – European Wrap 21 November

FXStreet Team FXStreet

Bitcoin Weekly Forecast: BTC drops to seven-month lows as selling pressure intensifies

Bitcoin (BTC) price continues its downward slide, trading near $82,000 at the time of writing on Friday and plunging to seven-month lows as bearish sentiment tightens its grip on the crypto market. Institutional demand continues to weaken as spot Bitcoin Exchange Traded Funds (ETFs) recorded a weekly outflow of $1.45 billion as of Thursday, marking a fourth consecutive week of withdrawals. Adding to this, deteriorating on-chain conditions signal that traders may not yet have seen a definitive bottom, as the largest cryptocurrency by market capitalization remains vulnerable to further downside in the days ahead.

Meme Coins Price Prediction: DOGE, SHIB, and PEPE extend losses as bearish momentum intensifies

Meme coins continue to face selling pressure at the time of writing on Friday, with Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE) extending correction nearly 8% so far this week. The momentum indicators for these three meme coins are flashing weakness, suggesting a deeper correction on the horizon.

Top Crypto Losers: Starknet, Telcoin and MYX Finance extend losses as Bitcoin dips below $86,000

Starknet (STRK), Telcoin (TEL) and MYX Finance (MYX) continued to face selling pressure on Friday as Bitcoin (BTC) slipped below $86,000, dragging smaller cryptocurrencies down. According to the CoinGecko data, STRK, TEL, and MYX have corrected by more than 18% over the last 24 hours. The technical outlook for these altcoins suggests further losses as the broader bearish sentiment dominates the crypto market.

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Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Friday after three consecutive days of losses, testing their respective make-or-break support levels.

Bitcoin Weekly Forecast: BTC hits 20-month low, will the pain continue?

Bitcoin recovers slightly, trading at $66,000 on Friday after reaching a new yearly low of $58,115 earlier this week, its lowest level since October 2024. Institutional selling intensified as spot ETFs recorded $1.35 billion in net outflows through Thursday.

XRP clings to $1 as long liquidations deepen bearish trend

Ripple trades near the key psychological support level of $1 at the time of writing on Friday after losing more than 8% so far this week. CoinGlass liquidation data shows that over 97% XRP long positions were wiped out over the past 24 hours.

Pi Network Price Forecast: Minor recovery amid market crash fuels short-term hope

Pi Network price records a mild 3% recovery at press time on Friday, shaping a rebound from a broken descending trendline. The declining trend in trading volume has stabilized around $10 million this week, supporting the possibility of an extended recovery as selling pressure wanes.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin (BTC) recovers slightly, trading at $66,000 on Friday after reaching a new yearly low of $58,115 earlier this week, its lowest level since October 2024. Institutional selling intensified as spot Exchange Traded Funds (ETFs) recorded $1.35 billion in net outflows through Thursday.