Crypto Markets on the Move: Pi Network, Bitcoin & Altcoins Face Pivotal Week – Europe Update May 23

Digital assets enter make-or-break territory as traders brace for volatility.

Bitcoin tests key resistance while Pi Network speculation reaches fever pitch.

Traditional finance analysts scramble to justify their outdated price targets—when they bother looking up from their spreadsheets.

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.