Cryptocurrencies Price Prediction: Bitcoin, SUI & Crypto – European Wrap 22 October
|Bitcoin Price Forecast: BTC dips below $67,000 as holders book profits
Bitcoin (BTC) continues to trade in the red on Tuesday after facing rejection around the $70,000 level on Monday. Despite the price decline, institutional investors capitalized on the recent dips, with the US spot Exchange Traded Funds (ETFs) recording over $297 million in inflows. Looking ahead, crypto market price action may be choppy this week due to a lack of immediate catalysts.
SUI Price Forecast: On-chain metrics and technical indicators show bearish bias
Sui (SUI) price continues to decline on Tuesday after reaching a new all-time high of $2.36 on October 13. Technical analysis and onchain data further support a short-term decline, as the formation of bearish divergence on a momentum indicator and decreasing trading volume suggest a weakening upward momentum.
Crypto market stumbles during climb
Cryptocurrency capitalisation has corrected 1.8% over the past 24 hours to $2.34 trillion. However, these figures reflect a partial recovery from earlier lows of around $2.27 trillion earlier in the day. For now, this appears to be a case of profit-taking during the upward trend, but it’s worth keeping an eye on the market dynamics over the next few days.
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