Bitcoin Could See New Drop To $60,000 Despite Bounce – Here’s The Level To De...
As the crypto market recovers from last week’s correction, Bitcoin (BTC) is attempting to reclaim a crucial price zone. Despite the bounce, some analysts have warned that the bottom may not be in yet, suggesting the flagship crypto could soon retest its recent lows. Related Reading: Ethereum Price Set To Break Out Against Bitcoin, But How High Can It Go? Bitcoin Bottom Below $60,000, Says Analyst On Monday, Bitcoin continued its sideways move, trying to turn a key area into support for the third consecutive day. After hitting a two-year low of $60,000 last week, the flagship crypto has....
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Ethereum has undergone a 6% drop over the past 24 hours in the face of the stock drop. The Dow Jones is down 3% during Monday’s trading session. Analysts think ETH could bounce, though, as the coin has recovered to $390. One analyst noted that the coin is now trading above the pivotal swing level at $390. Ethereum holding above that level is expected to trigger a recovery towards the $422 weekly highs as aforementioned. […]
Bitcoin has held above $13,000 surprisingly well. Analysts fear that the coin could retrace, though. An analyst noted that there is a confluence of fundamental and technical reasons why Bitcoin is weak. Another says that the coin could drop as low as $11,500 in a retracement. He noted that around that level lies a confluence of important technical levels, making it a likely level for Bitcoin to bounce if it reaches there. Bitcoin Could Drop […]
Crypto analyst Alessio Rastani has warned that XRP is in “trouble” following his recent analysis of the chart. He outlined certain “strong warnings” on the chart, which showed that the crypto token could experience further price declines. Why XRP Is In Trouble Rastani mentioned in a video on his YouTube channel that XRP could drop to $0.13 or even lower as part of Wave C of his analysis using the Elliot Wave Theory. He noted that a drop to that price level represents about a 100% decline for XRP from Wave B and a similar corrective move to Wave A that occurred in 2020. Related Reading:....
Bitcoin's crash Monday came alongside a bounce in the Dollar Index.
Crypto analyst Butterfly has provided a bullish outlook for the Dogecoin price, predicting that it could soon record a massive rally. This comes as the crypto market looks to rebound from its most recent downtrend, with DOGE well below the psychological $0.2 level. Analyst Declares The Dogecoin Price Is About To Burst In an X post, Butterfly urged DOGE holders to stay alert as the Dogecoin price could “burst” from its current price level. This came as the analyst noted that the foremost meme coin is facing the lower boundary of the symmetrical triangle on the 3-day chart. Butterfly added....