Cryptocurrencies Price Prediction: Bitcoin, Solana & Crypto – European Wrap 16 October
Bitcoin: Max pain zone tapped – Bear trap or breakdown?
Bitcoin has just revisited the $110K zone, tapping into the max pain area for longs. This comes only weeks after the massive liquidation cascade sparked by Trump’s tariff announcement, which wiped out more than $4.2 billion in leveraged positions — the largest crypto washout of the year.
Solana Price Forecast: SOL eyes region above $200 as crypto market attempts recovery
Solana (SOL) is trading above $195 at the time of writing on Thursday, indicating that sentiment in the broader cryptocurrency market may be shifting positively.
Crypto majors, including Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP), are edging higher, hinting at restored risk-on sentiment. The largest cryptocurrency by market capitalization, BTC, is back above the $111,000 level after a short-lived dip below $110,000. Ethereum (ETH) shows signs of extending its up leg above the short-term $4,100 resistance.
Crypto Today: Bitcoin, Ethereum, XRP downside risks escalate as traders reduce exposure
Bitcoin (BTC) is declining for the third consecutive day, trading around $110,500 at the time of writing on Thursday. The drawdown follows the largest deleveraging event in the history of the cryptocurrency industry on Friday, which continues to drag sentiment in the broader crypto ecosystem down.
Author
FXStreet Team
FXStreet
