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Cryptocurrencies Price Prediction: PEPE, PI & Bitcoin – European Wrap 16 April

Cryptocurrencies Price Prediction: PEPE, PI & Bitcoin – European Wrap 16 April
FXStreet TeamFXStreet TeamFXStreet

Pepe Price Forecast: Pepe recovers on renewed whale interest

Pepe (PEPE) extends roughly 8% gains at press time on Thursday, recovering as the broader market risk-off sentiment wanes with truce negotiations between the US and Iran. Large wallet investors, commonly called whales, are reaccumulating PEPE while the retail interest builds in the frog-themed meme coin. The technical outlook for Pepe is cautiously bullish as it remains below the long-term moving averages.

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Pi Network Price Forecast: PI recovers amid stabilizing social buzz

Pi Network (PI) extends gains by roughly 1.55% at press time on Thursday, crossing above the $0.1700 mark. The social buzz surrounding PI is stabilizing, while daily flows on Centralized Exchanges (CEXs) show renewed retail interest.  

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Bitcoin Price Forecast: BTC rally takes a breather as US-Iran weigh extension of the 2-week truce

Bitcoin (BTC) price holds its gains, trading above $75,000 on Thursday as risk appetite improves amid hopes of a US-Iran peace deal. Institutional demand shows signs of optimism as spot Bitcoin Exchange Traded Funds (ETFs) recorded their second consecutive day of inflows this week. However, traders should be cautious, as on-chain data indicate profit-taking and distribution activity, which could cap the upside move for the Crypto King.

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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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Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

The cryptocurrency remains in a broader corrective bias on Friday, despite majors such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) holding slightly higher than early-week support levels.

Cardano: Whale selling, cautious derivatives limit ADA rebound

Cardano: Whale selling, cautious derivatives limit ADA rebound

Cardano is trading near $0.170 at the time of writing on Friday after staging a modest rebound from last week's sharp correction. However, the recovery remains fragile as large holders have resumed reducing their positions, adding fresh selling pressure to ADA.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support.

Pi Network Price Forecast: Bulls attempt comeback as bearish strength fades

Pi Network Price Forecast: Bulls attempt comeback as bearish strength fades

Pi Network is trading at around $0.120 on Friday after a modest recovery the previous day. Despite this recent rebound, traders should be cautious as a scheduled unlock of 14.8 million PI tokens on Friday could limit the token's recovery potential by increasing market supply.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.