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

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

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.

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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. 

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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:

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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