|

Cryptocurrencies Price Prediction: Bitcoin, SUI & Bitcoin – European Wrap 22 May

Bitcoin Weekly Forecast: The return of the sellers

Bitcoin (BTC) remains under pressure so far this week, consolidating around $77,000 on Friday after being rejected from the overhead supply zone the previous week. The institutional sell-off continues, with spot BTC Exchange-Traded funds (ETFs) recording billions in outflows. The macro environment doesn't help either: the hawkish Federal Reserve (Fed) tone, net demand contraction and growing uncertainty over US-Iran peace talks put a lid on the Crypto King’s price. Are the sellers here to stay?

Chart

Celestia Price Forecast: TIA recovery gains traction as retail interest builds

Celestia (TIA) edges above $0.4400 at press time on Thursday, extending recovery for the third consecutive day so far this week. A surge in retail demand and social buzz backs the sudden rebound in price, which lacks a clear fundamental driver. The technical outlook for TIA is bullish, with momentum improving as price nears a key resistance zone between $0.4596 and $0.4722.

Chart

Pi Network Price Forecast: PI hesitates near key resistance amid CEX outflows

Pi Network (PI) holds steady above $0.1500 at press time on Friday as Centralized Exchanges (CEXs) record minor outflows over the last 24 hours. The technical outlook for PI is mildly bullish, with waning downside pressure while price wavers below a key resistance level at $0.1550.

Chart

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Pi Network Price Forecast: PI eyes a rebound as broader market recovers

Pi Network hovers above $0.07500 on Wednesday, showing early signs of a rebound from a key support zone after over two weeks of steady decline. The broader market recovery linked to reduced US inflation and the likelihood of fewer rate hikes eases risk-off sentiment, which had been weighing down altcoins.

Top 3 Price Prediction: BTC, ETH and XRP show tentative recovery as key technical levels hold

Bitcoin, Ethereum and Ripple trade with a mild positive bias on Wednesday as sentiment improves across the cryptocurrency market. BTC is testing its 50-day Exponential Moving Average, ETH has broken above a key resistance level at $1,800, while XRP has found support around a key level.

Crypto Market Overview: Bitcoin regains strength – Zcash eyes record high, Pump.fun rebounds

The broader cryptocurrency market shows near-term recovery signals with a weaker-than-expected US Consumer Price Index report for June, easing inflation risks. Bitcoin price hovers above $64,000 on Wednesday, testing the breakout of its 50-day Exponential Moving Average at $65,146, which capped its previous day’s 4% rebound.

Hyperliquid representatives, Trade[XYZ] meet SEC Crypto Task Force to discuss digital asset regulation

The US Securities and Exchange Commission's Crypto Task Force met with representatives from the Hyperliquid Policy Center, XYZ Ltd., which operates Trade[XYZ] and Sullivan & Cromwell LLP to discuss regulatory approaches to digital assets, according to a memorandum released Tuesday.

Bitcoin: Strategy sells, the market doesn’t care
Bitcoin (BTC) reclaims $64,000 on Friday, extending a modest recovery while holding firmly above the key technical support zone so far this week. Mixed spot Exchange Traded Funds (ETFs) flows through Thursday reflect cautious institutional positioning. Meanwhile, traders have digested headlines about Strategy’s recent Bitcoin sale, highlighting the Crypto King’s resilience and deep liquidity.