Cryptocurrencies Price Prediction: Bitcoin, PI & Crypto – European Wrap 14 August

FXStreet Team FXStreet

Bitcoin Price Forecast: BTC pulls back after hitting a new all-time high

Bitcoin (BTC) faces a slight pullback after setting a new all-time high of $124,474 in early Asian trading on Thursday. This price surge was fueled by rising expectations that the US Federal Reserve (Fed) will cut interest rates soon and by increasing institutional and corporate demand for BTC.

Despite the overall bullish outlook, traders should be cautious as profit-taking by long-term holders could trigger a correction.

Pi Network Price Analysis: PI holds at $0.40 as broader market recovers

Pi Network (PI) is holding at $0.40 at press time on Thursday, extending the consolidation range seen in the past few days within a larger falling channel pattern. PI token bulls eye the next leg higher as the selling pressure fades, potentially leading to a channel breakout.

Crypto Today: Bitcoin retreats after tagging new record high, Ethereum upholds uptrend

Bitcoin (BTC) corrects on Thursday after extending a breakout to a new record high of $124,474 earlier in the day, trading at $121,615 at the time of writing. The uptrend triggered price increases among altcoins, with Ethereum (ETH) approaching its record high above $4,800 reached in November 2021.

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FXStreet Team

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