|

Cryptocurrencies Price Prediction: PI, Cardano & Bitcoin – European Wrap 31 July

Pi Network price forecast: PI struggles near $0.40 amid token unlock fears

Pi Network (PI) loses steam on Thursday, trading below $0.4200 at the time of writing, falling from a daily high of $0.4364 earlier in the day. The bearish grip on PI, which has been on a clear downtrend since mid-May, tightens ahead of the 160 million token unlock in August and the delay in PI integration by Onramp Money, tilting the technical outlook bearish. 

Chart

Cardano Price Forecast: ADA targets wedge breakout as bullish bets rise, $8.57 million in shorts at risk

Cardano (ADA) edges higher by nearly 3% at press time on Thursday, inching closer to the $0.8000 level. The derivatives data indicate an increase in long positions, putting $8.57 million of short positions at risk, while the technical outlook suggests ADA could continue to rise within a wedge pattern. 

Chart

Bitcoin Price Forecast: BTC extends consolidation as whale buying, regulatory clarity boost sentiment

Bitcoin (BTC) price is trading above $118,500 at the time of writing on Thursday, continuing a consolidation phase that has been underway for the past 16 days. Despite the lack of a clear price direction, on-chain data shows some signs of optimism for the largest cryptocurrency as large-wallet holders' accumulation increases and Over-The-Counter (OTC) balance has reached record lows. 

Author

More from FXStreet Team
Share:

Editor's Picks

Bittensor extends recovery despite retail demand slump

Bittensor, a leading Artificial Intelligence token, is aging up above $190 at the time of writing on Wednesday. Steady price increases characterise the broader crypto market, with Bitcoin holding above $71,000 and Ethereum above $2,000.

XRP rises as ETF inflows persist, but low retail demand may limit recovery

Ripple is gaining upside momentum, trading above $1.40 at the time of writing on Wednesday. The remittance token is rising in tandem with major crypto assets, including Bitcoin, which has crossed above the pivotal $70,000 level, and Ethereum, which is holding above $2,000.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid mixed ETF flows

The cryptocurrency market is showing subtle recovery signs despite heightened global uncertainty following the United States (US) and Israel attacks on Iran and the subsequent retaliations that have morphed into a wider Middle East war.

Renewed ETF inflows send BTC above $71,000, offsetting war uncertainty

Bitcoin price rises by 5%, near the upper boundary of the recent consolidation range. US-listed spot ETFs recorded an inflow of $225 million on Tuesday, marking the second consecutive day of positive flows this week.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.