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Cryptocurrencies Price Prediction: Bitcoin, TRX & Crypto – European Wrap 4 November

Cryptocurrencies Price Prediction: Bitcoin, TRX & Crypto – European Wrap 4 November
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Forecast: BTC edges below $104,000 as long-term holders intensify sell-off

Bitcoin (BTC) extends its correction on Tuesday, slipping below $104,000 and continuing its decline from the previous day. The bearish outlook is further strengthened as Bitcoin long-term holders continue to offload their holdings, adding to the mounting selling pressure. Meanwhile, US-listed spot Bitcoin Exchange Traded Funds (ETFs) recorded outflows of over $186 million on Monday, hinting at fading institutional demand for the largest cryptocurrency by market capitalization.

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Tron Price Forecast: TRX risks breaking year-long support as user, retail demand drops

Tron (TRX) trades at $0.2800 by press time on Tuesday, under bearish pressure following a 5.64% loss on Monday. Technically, TRX risks breaking below a crucial support trendline while both derivatives and on-chain data suggest a decline in retail and user demand. 

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Crypto Today: Bitcoin, Ethereum, XRP descend further as retail and institutional traders exit

Bitcoin (BTC) declines for the second consecutive day, reflecting a sticky risk-off sentiment in the broader cryptocurrency market. Trading below $104,000 at the time of writing on Tuesday, the path of least resistance appears to be downward, targeting its October low of $102,000.

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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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Ripple and Stellar outlook: Stay under pressure as cautious sentiment builds

Ripple and Stellar outlook: Stay under pressure as cautious sentiment builds

Ripple and Stellar remain under pressure, with both altcoins correcting slightly. XRP nears the key $1.00 support zone on Thursday, while XLM trades below critical technical levels. Mixed derivatives and on-chain metrics suggest cautious sentiment, leaving both tokens vulnerable to further downside while offering hope for a potential recovery.

Crypto Market Overview: Bitcoin loses softer CPI gains – Virtuals Protocol, OKB rise

Crypto Market Overview: Bitcoin loses softer CPI gains – Virtuals Protocol, OKB rise

Bitcoin is trading around $63,000 after three consecutive days of losses. The US Consumer Price Index for July met market expectations of 3.4% the previous day, resulting in a mild rebound in BTC above $64,000, but it was lost later in the day, leading to a bearish close. Virtuals Protocol and OKB have emerged as top performers over the last 24 hours.

Bitcoin faces thin liquidity and missing demand amid seller stress — Glassnode

Bitcoin faces thin liquidity and missing demand amid seller stress — Glassnode

Bitcoin is showing signs of growing market exhaustion, with weakening liquidity and subdued demand leaving the market vulnerable to a sharp move, according to a Glassnode report on Wednesday. The firm stated that Bitcoin is trading between two important cost-basis levels as market activity has fallen to its lowest point since 2019.

Bitcoin shows early signs of bottom despite lingering market stress

Bitcoin shows early signs of bottom despite lingering market stress

Bitcoin (BTC) is showing several signs of a potential market bottom as multiple indicators show improving market conditions, according to CryptoQuant analysts. CryptoQuant data revealed that Bitcoin has produced a second early bull signal, a pattern that has historically appeared closer to market bottoms.
Bitcoin: Can bulls weather the market uncertainty?

Bitcoin: Can bulls weather the market uncertainty?

Bitcoin (BTC) remains resilient, trading above $65,000 on Friday, with bulls defending key support despite cautious market sentiment. US-listed spot Bitcoin Exchange-Traded Funds (ETFs) showed strong inflows through Thursday, pointing to renewed institutional demand.