Top Analyst Confirms The Bearish Target: Bitcoin Could Ease Down To $40,000
The latest Bitcoin (BTC) rally is already showing signs of losing momentum, and several analysts warn that a larger correction may be closer. AlejandroBTC—posting on X (formerly Twitter)—called the current price behavior “a dead cat bounce,” suggesting the recent rebound may be near its end and that Bitcoin could be set up for a much deeper drop. Bear Market Still In Play? In AlejandroBTC’s “most optimistic” framing, the move above $82,000 could have actually marked the top for the cryptocurrency. If that scenario plays out, he warned it could trigger a major downturn. His estimate points....
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The Bitcoin price crash below $66,000 has taken the market by surprise, leading to over $90 million in liquidations in a 24-hour period. But even after dropping so much already, analysts do not believe that the worst is over. In particular, crypto analyst Ali Martinez has said that Bitcoin may still have a ways to go before the crash is over, prediction another 20% decline from here. Bitcoin Falls Below Major Pricing Band Crypto analyst Ali Martinez posted a new analysis on X (formerly Twitter) on the Bitcoin price that paints a rather bearish picture for the pioneer cryptocurrency.....
Legendary analyst Peter Brandt has provided a bearish outlook for the Bitcoin price. He predicted it could crash to as low as $78,000 and explained why he holds such a bearish sentiment. Peter Brandt Predicts Bitcoin Price Crash To $78,000 In an X post, Peter Brandt predicted that the Bitcoin price could crash to $78,000. This prediction came as he revealed a head and shoulders top pattern. The legendary analyst remarked that a complete formation of this pattern could cause a price breakdown to this target. Brandt added that this pattern might fail with a “thrust hire,” or it might morph....
Crypto analyst Egrag Crypto has again predicted that the XRP price could reach $27. This time around, he outlined the technical formation that could spark a parabolic surge for the altcoin as it eyes the $27 target. How The XRP Price Could Reach $27 In an X post, Egrag Crypto stated that the Linear Regression targets for the XRP price are $3.4, $10, and $27. He further explained that, as of this month, these three major price levels stand out based on the long-term Logarithmic Linear Regression Channel. The analyst then touched on each price target and how XRP could reach there. Related....
The Bitcoin price is still trading above $100,000 and remains quite close to its all-time high levels of $111,900. However, this has done nothing to dissuade the bearish sentiment that continues to ravage the crypto market. Altcoins, in particular, have suffered the most, with seemingly no end in sight to the decline. Given the current […]
XRP has been facing a stretch of weakness in recent days, struggling to hold above the $3.00 mark and instead pushing downwards below it. Price action on the 4-hour chart shows the token moving within a downward structure, and it broke below $2.9 in the past 24 hours. It is within this context that crypto analyst DustyBC Crypto shared a bearish outlook, pointing out that XRP has not yet reached its first downside target and warning that more decline could still unfold before it enters any new uptrend. Related Reading: Ethereum Bullishness: Ark Invest Boss Scoops $16-M More In BitMine Stock....