Bitcoin 5TH Wave Is Not Over Yet, And Price Could Still Crash To $52,000; Ana...
Bitcoin is now inching towards $70,000, but there is enough to worry about around $64,000. Crypto analyst Tara expressed concern that Bitcoin’s fifth wave may not be complete, with a prediction that further downside could still be ahead. In a recent post on X, the analyst noted that the current move could either be the start or the final stretch of a fifth wave decline, and there’s still a possibility of the Bitcoin price falling to as low as $52,000. Double Bottom Support At $59,900 And $60,500 Technical analysis done by crypto analyst Tara shows that Bitcoin has built a major....
Related News
Crypto analyst CasiTrades has predicted that the XRP price could still crash to $1.4 in the final wave of this downtrend. This comes despite bullish catalysts such as the Fed rate cut, which could lift the altcoin to new highs. Analyst Predicts XRP Price Crash To $1.4 In an X post, CasiTrades stated that exchanges are aligning toward their .618 retracements, with Binance showing a crash to between $1.35 and $1.46 for the XRP price. She noted that this next wave down would complete the macro Wave 2 correction, setting the stage for the next Wave 3 impulse that could send XRP toward $6.50....
Cardano (ADA) has maintained a relatively steady upward trend over the past few weeks. Although the cryptocurrency was rejected at the $0.84 price level again last week, the current price action is still holding strong with only a minor drop in the past 24 hours. However, technical analysis deeply rooted in Elliott Wave theory now suggest a steep price decline could be looming for ADA, with a price target pointing as low as $0.42 in the weeks ahead. Bearish Elliott Wave Count Says Wave C Breakdown Ahead According to the Elliott Wave count presented in a technical analysis on TradingView,....
Crypto analyst XForce has predicted that the XRP price could rally to $10 on a wave 3 impulsive move to the upside. The analyst also indicated that the bottom was in for XRP even as the crypto market remains in a downtrend. XRP Price Headed To $10 On Wave 3 Move In an X post, XForce told XRP holders to get ready for a rally to $10 or higher, which he described as a conservative wave 3 target. He noted that there are minor market inefficiencies in the local timeframes for the XRP price. However, the analyst added that the macro chart shows clear accumulation and a solid price floor after....
Crypto analyst TARA has predicted that the XRP price could still crash below the psychological $1 level. This came as she drew the altcoin’s correlation to Bitcoin’s price action, while highlighting how a BTC crash could also push XRP to as low as $0.87. XRP Price Could Drop To $0.87 If Bitcoin’s Crash Deepens In an X post, TARA stated that a Bitcoin crash to $52,200 would bring the XRP price down to its .786 support at $0.87. She noted that this level is also the .618 extension and the gap that was left by the October 10 liquidation event. The analyst made these comments while noting what....
Bitcoin price sold off from just below $450 to $430. The market may be wondering whether this is the start of a downtrend, but wave analysis shows that the advance has more upside in store. A sell-off has drawn a long red candle in the price chart and retraced advance since Friday. According to the wave count in the chart, bitcoin price is apparently extending its 5th waves and has just completed wave 3 of the larger advancing wave. The current sell-off would count as wave 4, and that implies another advancing wave – wave 5. The 4th wave (today’s sell-off) had targeted the area (magenta....