Cryptocurrencies Price Prediction: Ethereum, Shiba Inu & Bitcoin – American Wrap 12 October

FXStreet Team FXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: How will CPI affect the crypto markets?

Bitcoin price could see a minor run-up to retest the recent broken, bearish setup. This development is likely to influence Ethereum, Ripple and other altcoins to do the same. Regardless, investors need to stay focussed on the mid-term outlook, which is still pessimistic. Investors need to be cautious as September's US Consumer Price Index (CPI) numbers will be announced on October 13 at 12:30 GMT. While the expectation is 8.2%, which is lower than the previous month’s 8.3%, an upside surprise would send the markets into a tailspin as it would confirm expectations for steeper Fed rate hikes. Regardless of the direction, investors should prepare for a surge in volatility tomorrow.

Bitcoin price: The slingshot is pulled back, BTC ready to test $16,900?

Bitcoin price trend offer mixed signals as to the direction in which BTC is headed. On-chain analysts at Jarvis Labs believe Bitcoin’s next move relies on the performance of US equities. Bitcoin price could plummet and hit the downside target of $16,900 in the short-term.

Shiba Inu bleeds, Shytoshi Kusama promises bug removal in Shiba Eternity guide

Analysts have evaluated the Shiba Inu price trend and revealed a short-term bearish outlook. The Dogecoin-killer is struggling to recover from the decline below the $0.00001075 level. Analysts at FXStreet shared their outlook and strategy for a swing trade in Shiba Inu in the following video:

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Stellar Price Forecast: XLM slips below $0.22 as bearish momentum builds

Stellar (XLM) price is trading below $0.22 at the time of writing on Wednesday after failing to close above the key resistance earlier this week. Bearish momentum continues to strengthen, with open interest falling and short bets rising.

Pi Network Price Forecast: PI struggles to rebound amid muted demand

Pi Network (PI) edges higher by almost 1% at press time on Wednesday, bouncing off the $0.2000 level after a four-day decline. The recovery lacks momentum as the social interest surrounding Pi Network declines. Technically, PI is at a crossroads, struggling for a rebound as momentum is lacking.