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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Uniswap Price Forecast: UNI tests 200-day EMA supply amid renewed retail demand

Uniswap (UNI) edges higher near an immediate resistance at $3.88 on Tuesday. The native decentralized exchange (DEX) token is defying a broader correction in the cryptocurrency market, even as Bitcoin (BTC) falls toward $63,000 from its July highs around $67,000.

XRP slides amid risk-averse pressure and ahead of Fed rate decision

Ripple (XRP) continues to trade under increasing pressure on Tuesday. This marks the second consecutive day of declines, reflecting broader risk-off sentiment as investors appear to shift gears in anticipation of the Federal Reserve (Fed) interest rate decision. On Wednesday, the Federal Open Market Committee (FOMC) is widely expected to leave interest rates unchanged in the 3.50%-3.75% range.

Crypto Today: Bitcoin, Ethereum, XRP remain under pressure as risk-off sentiment persists

Bitcoin (BTC) is falling toward the immediate $63,000 support at the time of writing on Tuesday, weighed down by continued risk-off sentiment. Altcoins, including Ethereum (ETH) and Ripple (XRP), remain under pressure, trading below $1,900 and $1.10, respectively. Crypto market sentiment remains largely unresponsive and in the Fear territory, as reflected in the Fear & Greed Index.

Bitcoin price prediction: Is $60K back in focus as headwinds mount?

Bitcoin is falling towards 63k, at a 10-day low, as a sell-off in AI-linked stocks has hit risk sentiment, spilling over into cryptocurrencies and as investors look cautiously ahead to tomorrow's FOMC rate decision. Bitcoin is down 2.7% over the past 24 hours and more than 4% over the past seven days as it extends its pullback from 67k the July high reached last week.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.