Cryptocurrencies Price Prediction: Pi Network, Bitcoin & Crypto – European Wrap 23 May
Pi Network Price Forecast: PI eyes $0.66 as whale activity surges
Pi Network (PI) declines by nearly 4% on Friday, trading at $0.79 at press time. The technical outlook suggests a downward move ahead as the short-term recovery concludes with a trendline breakdown. Adding heat to the drop, rumors of the Pi network core team allegedly selling PI coins to fund the recently announced $100 million startup venture at Consensus 2025.
Bitcoin Weekly Forecast: BTC enters full price-discovery mode after seven straight weeks of gains
Bitcoin (BTC) price stabilizes near $111,000 on Friday after reaching a new all-time high of $111,900 this week. BTC enters an uncharted territory as a perfect storm of corporate accumulation, institutional demand, signs of easing regulation and increasing concerns among investors about debt sustainability in the United States (US) have fueled bullish momentum.
Crypto climbs back to January highs
The cryptocurrency market added a mere 0.7% in 24 hours, but an important 5% in seven days to $3.5 trillion. This increase is important as it falls in the area of the market peaks reached in December and January.
The sentiment index jumped to 78, last seen in January, confirming a similar situation to what we saw earlier in the year.
Author
FXStreet Team
FXStreet
