Bitcoin, PI, and Chainlink Price Outlook: Key Levels for the European Session on August 18

BitcoinWorld Bitcoin, PI, and Chainlink Price Outlook: Key Levels for the European Session on August 18 Cryptocurrency markets are showing mixed signals during the European trading session on August 18, with Bitcoin hovering near a critical support zone while PI and Chainlink exhibit distinct technical patterns that traders are closely monitoring.

Bitcoin Price Action: Testing Key Support Bitcoin is currently trading within a narrow range, with the price action centered around the $58,000–$59,000 area as of the morning European session.

The leading cryptocurrency has been consolidating after a recent pullback from the $62,000 resistance level, and traders are watching the $57,500 support level closely.

A break below this could open the door to further downside, while a bounce from this zone might lead to a retest of the $60,000 psychological barrier.