Cryptocurrencies Price Prediction: Bitcoin, Solana and Chainlink – European Wrap 12 November

FXStreet Team FXStreet

Bitcoin Weekly Forecast: Last call before BTC hits $100,000

Bitcoin price is showing its most bullish pattern in 2021 so far, as it pulls back to support from a prior ceiling level before the next slingshot higher. If successful, this move could put BTC extremely close to a six-digit per coin value.

Solana price to outperform Ethereum as SOL eyes 800% explosive rally

Solana price has witnessed a considerable surge, climbing over 1,000% since mid-July this year. The Ethereum-killer’s rally is not over yet, as SOL could be repeating history as a massively optimistic target has been put on the radar since a bullish chart pattern has formed. The altcoin, which ranks fifth by market capitalization, could easily outperform ETH as the two tokens compete for adoption.

Chainlink Price Prediction: LINK remains indecisive, but 20% move likely

Chainlink price is facing massive pressure from both camps, resulting in indecisive moves. Currently, LINK is hovering above a crucial barrier but has no directional bias whatsoever. Therefore, market participants can expect the altcoin to reach for the immediate barriers.

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FXStreet Team

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XRP and XLM outlook: Mild recovery attempts emerge amid mixed market signals

Ripple and Stellar show mild signs of recovery on Thursday after extending losses earlier this week. XRP is holding above the $1.10 level as bearish momentum begins to fade, while XLM has bounced modestly from a key support zone.

Crypto Overview: Bitcoin consolidates above $60,000 – CRV, WLFI, XMR lead gains

The broader cryptocurrency market maintains risk-off sentiment as Bitcoin lingers above $62,000. The mild recovery in BTC fails to lift the Fear and Greed Index, which at 15 continues to signal extreme fear among investors. Still certain altcoins, Curve DAO, World Liberty Financial, and Monero, have emerged as top performers over the last 24 hours.

Bitcoin faces further downside risk amid growing short-term holder losses, weak ETF demand

Bitcoin's recent decline toward the $60,000 level has pushed the market further into bearish territory, with new investors suffering huge unrealized losses, according to a Glassnode report on Wednesday. The firm noted that Bitcoin's earlier May rally now appears increasingly as a "bear bounce".

CFTC proposes framework to review terrorism, war, assassination-related contracts on prediction markets

The Commodity Futures Trading Commission (CFTC) on Wednesday proposed amendments to Regulation 40.11, seeking to establish a formal framework for reviewing prediction market contracts. The proposed framework targets contracts linked to terrorism, assassination, war, gaming, or conduct that is unlawful under federal or state law.

Bitcoin: After the bloodbath, everyone looks at $60,000

Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty. The institutional sell-off continued to wreak havoc on capital flows, with spot Bitcoin Exchange-Traded Funds (ETFs) recording billions in outflows.