|

Cryptocurrencies Price Prediction: PI, Bitcoin & Crypto – European Wrap 31 August

Pi Network Price Forecast: PI stages mild August recovery amid potential DEX environment test

Pi Network (PI) is trading around $0.0900 on Monday, continuing its consolidation above the $0.0836 support floor. The PI Testnet has seen around 30 new tokens released under the names of leading corporations, suggesting a potential test of the DEX environment. The technical outlook for PI remains mixed, with momentum low amid firm headwinds.

Chart

Bitcoin Price Forecast: BTC consolidates near $78,000 as ETF inflows surge

Bitcoin (BTC) trades near $78,000 on Monday, consolidating after its recent rally as strong institutional demand continues to provide support. However, escalating Middle East tensions, rising oil prices and growing inflation concerns dampened risk appetite, which could cap the Crypto King’s upside.

Chart

Crypto Today: Bitcoin, Ethereum, XRP broadly consolidate amid renewed US-Iran strikes

The cryptocurrency market is broadly consolidating on Monday, with select assets posting modest gains. Bitcoin (BTC) remains resilient above $78,000 as investors anticipate a renewed push toward $80,000.

Ethereum (ETH) continues to demonstrate a constructive technical setup, holding above $2,400. Ripple (XRP) is exhibiting early signs of recovery near $1.37, though persistent resistance at $1.40 may cap further upside in the near term.

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

Solana Price Forecast: Strong institutional confidence keeps SOL afloat above $100

Solana price is trading around $100 testing the psychological support level after a 3% decline the previous day. SOL-focused Exchange Traded Funds recorded over $150 million in inflows last week, reflecting strong institutional demand. Solana risks capitulation as price tests the $100 threshold amid easing bullish momentum.

Cardano Price Forecast: Bearish metrics threaten deeper ADA slide

Cardano remains under pressure, trading near key support around $0.191 following a loss of over 15% last week. Bearish derivatives metrics, weakening momentum indicators and dampening risk appetite amid fresh tensions in the Middle East cap ADA and risk a deeper correction ahead.

Crypto Overview: Bitcoin slips below $78,000 – DEX tokens rally

Bitcoin price is trading above $77,000 sustaining monthly gains of over 20% so far. The technical outlook for Bitcoin is bullish as the price holds above a crucial retracement support level at $76,706 amid broader market risk-on sentiment. Decentralized Exchange tokens, Uniswap and PancakeSwap, emerge as top performers over the last 24 hours, eyeing further gains.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC pauses, ETH faces $2,500 resistance, XRP holds 200-day EMA key support
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) have paused their gains after facing a slight pullback last week following their recent massive gains. BTC trades around $77,900 on Monday, and ETH faces selling pressure near the key $2,500 resistance level. Meanwhile, XRP corrects and finds support around a key level that could determine its next directional move.
Bitcoin: Billions in ETF inflows push BTC toward decisive breakout
Bitcoin (BTC) extends gains so far this week, trading near $80,000 after testing the 50-week Simple Moving Average (SMA) at $81,114 earlier. Strong institutional demand is supporting the rally, with spot BTC Exchange Traded Funds (ETFs) on track to record a second consecutive week of billion-dollar inflows.