Cryptocurrencies Price Prediction: Bitcoin, PI & Crypto – European Wrap 7 August
Bitcoin Weekly Forecast: Can bulls weather the market uncertainty?
Bitcoin (BTC) remains resilient, trading near $64,100 on Friday, with bulls defending key support despite cautious market sentiment. US-listed spot Bitcoin Exchange-Traded Funds (ETFs) showed strong inflows through Thursday, pointing to renewed institutional demand. Traders should watch the upcoming US Nonfarm Payrolls (NFP) report later on the day, which could trigger increased volatility for the Crypto King.
Pi Network Price Forecast: PI risks bearish reversal from key resistance trendline
Pi Network (PI) edges lower on Friday, extending the losses from the previous day. Retail demand holds firm in the near term, as PI futures Open Interest has remained above $9 million over the last three days. The technical outlook for PI highlights a downside risk as the price remains capped by an overhead trendline near $0.0910.
Crypto Today: Bitcoin, Ethereum hold steady, XRP decline nears $1.00 amid easing geopolitical tensions
Cryptocurrency prices are relatively stable on Friday, with Bitcoin (BTC) edging higher above the immediate $64,000 support. Ethereum (ETH) holds fairly above the short-term $1,900 demand area, as bulls target a potential breakout. Meanwhile, Ripple (XRP) maintains a dominant bearish outlook, edging lower toward the crucial $1.00 support.
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