Cryptocurrencies Price Prediction: Bitcoin, Pi & Crypto – European Wrap 8 July
When will the Bitcoin price surge above $111,000?
Since reaching an all-time high of $111,970.17 in May, BTCUSD has failed to recapture this level. Could this be set to change in July?
Bitcoin’s price has consolidated in recent months, mainly due to uncertainty surrounding the Trump tariffs, Fed policy, and geopolitics.
These factors have spooked investors, who’ve instead leaned on safe havens like Gold, which has risen by over $300 from May to date.
Pi Network Price Forecast: Confident whale adds 7.92 million PI in a week as bearish trend holds
Pi Network (PI) edges lower by nearly 1% and trades at $0.45 at press time on Tuesday as the available wallet balance of centralized exchanges (CEX) grows, suggesting increased supply pressure. However, the large transactions over the last 24 hours reveal two whale transactions acquiring over 2 million PI tokens. Still, the technical outlook suggests a bearish bias, indicating a potential retest of the $0.40 mark.
The crypto market continues to rise, stumbling along the way
The crypto market capitalisation retains its weekly growth of approximately 1.8%, losing about 0.6% over the last 24 hours to $3.35 trillion. This is another round of buyer indecision at high levels, even though declines were actively bought up. At the same time, capitalisation continues to move away from its 200-day moving average, indicating continued bullish sentiment.
Author
FXStreet Team
FXStreet
