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

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