Cryptocurrencies Price Prediction: Bitcoin, PI & Chainlink – European Wrap 18 August
Bitcoin Price Forecast: BTC holds recent gains above 50-day EMA amid improving momentum
Bitcoin (BTC) slides slightly but holds most of the recent gains, reclaiming the 50-day Exponential Moving Average (EMA) at $64,300 at the time of writing on Tuesday after rising 2.5% the previous day. The recovery is supported by renewed institutional demand, with over $137 million in ETFs inflows on Monday. However, persistent Middle East tensions continue to weigh on broader risk sentiment, limiting the Crypto King’s upside.
Pi Network Price Forecast: PI holds steady amid app studio costs surge to push user adoption
Pi Network (PI) extends a consolidation range capped below $0.0900 on Tuesday, holding above the $0.0839 support level. PI token remains under pressure as the Core Team pushes for real user adoption by raising costs for AI-powered app creation, effective from August 24. Leverage-linked risk exposure eases as Open Interest declines despite an increase in social interest. The technical outlook for PI indicates a mild bearish bias as near-term momentum shows weakness.
Chainlink Price Forecast: LINK stalls near 200-day EMA following recent gains
Chainlink (LINK) faces resistance near $9.56 on Tuesday and pauses gains after rallying over 14% last week. The cautious tone is supported by weakening derivatives metrics, suggesting bullish momentum may be losing steam. However, renewed demand from institutional investors hints LINK could push higher.
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