|

Cryptocurrencies Price Prediction: Bitcoin, PI & Ethereum – European Wrap 29 September

Crypto Today: Bitcoin bulls eye $116,000 as Ethereum and XRP steady 

Bitcoin (BTC) extends gains to trade above $112,000 on Monday, as bulls push to regain control, following last week’s persistent drawdown. Altcoins, including Ethereum (ETH) and Ripple (XRP), are offering subtle bullish signals that could shape the trend this week.

Chart

Pi Network Price Forecast: PI declines as 136M tokens prepare for October unlock

Pi Network (PI) edges lower by nearly 2% at the time of writing on Monday, marking a slow start to the week as the broader crypto market social interest declines. 

PiScan data reveals that 136 million PI tokens will be unlocked in October, which accounts for slightly over 1% of the circulating supply. This increase in supply could add to the selling pressure as the risk-off sentiment prevails. 

Chart

Ethereum: What’s happening? Simple analysis with vWAP and volume profile

After a strong cascade from $4,700, Ethereum appears to be holding its critical support much better than Bitcoin. Now, it’s currently testing the VALUE AREA LOW (VAL) of its volume profile beginning from August, where its rally from ~$3,400 to ~$4,900 began.

Using Volume Profile and anchored vWAPs, we can gather a simple view of what’s happening on the cryptocurrency:

Author

More from FXStreet Team
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Ripple holds $1.82 support as low retail demand weighs on the token

Ripple (XRP) is trading between a key support at $1.82 and resistance at $2.00 at the time of writing on Thursday, reflecting the lethargic sentiment in the broader cryptocurrency market.

Aster declines for fifth straight day despite buyback efforts

Aster trades under intense selling pressure, recording 3% loss at press time on Thursday. The perpetual-focused exchange resumed its Stage 4 buyback program on Wednesday and currently holds almost 52 million ASTER tokens.

Crypto Today: Bitcoin, Ethereum hold steady while XRP slides amid mixed ETF flows

Bitcoin eyes short-term breakout above $87,000, underpinned by a significant increase in ETF inflows. Ethereum defends support around $2,800 as mild ETF outflows suppress its recovery. XRP holds above at $1.82 amid bearish technical signals and persistent inflows into ETFs.

Bitcoin steadies near $87,000 as strong ETF inflows offset bearish pressure

Bitcoin is attempting to stabilize, holding near $87,000 on Thursday after this week’s pullback. Institutional demand shows signs of optimism, as US-listed spot Bitcoin Exchange-Traded Funds (ETFs) recorded fresh inflows of over $457 million on Wednesday.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.