Bitcoin Analyst Explains Why Price Could Fall to $17K This Week

Since the price of Bitcoin fell below $30,000, numerous forecasts have been made on the currency’s potential future price outlook of the asset. As the biggest cryptocurrency in the world, Bitcoin has amassed price headlines, some of which are optimistic while others are pessimistic.  However, a question that lingers is whether another crash is really the end of the world for Bitcoin. In such an event, Mike McGlone, a senior analyst at Bloomberg, believes that even a decrease in price to $10,000 would not be bad for Bitcoin. Bitcoin Still Outperforming The Stock Market A fall in....

Bitcoin emerged victorious in the week that saw its safe-haven rival Gold taking a dip amid decreasing investors' appetite for risk-off assets.

Market analyst Egrag Crypto has tipped XRP to fall to $1.25 in the short term, barring a specific price development. Despite a bullish trading week, which saw the altcoin trade at $2.29, the market expert explains that XRP is yet to confirm a market bottom, indicating the potential of a future price fall. Related Reading: SUI Primed For Market Correction – Analyst Sets Target At $2.75 Crucial Times Ahead: XRP Must Break $2.33–$2.45 To Invalidate Bearish Forecast  In an X post on April 26, Egrag Crypto shared a bearish forecast on the XRP market, suggesting a potential downswing lies on the....

While the Bitcoin price stays close to its all-time highs, the Ethereum price has done pretty much the opposite. This failure to perform has put intense bearish pressure on the altcoin market as a whole, and the resulting price action has triggered what is seemingly a bear market for altcoins. Even now, the Ethereum price has not shown any signs of a bullish recovery, with expectations remaining bleak at this level, and analysts predicting further crashes. Why The Ethereum Price Is Headed Below $2,000 Crypto analyst Maddox Metrics has given the short and long-term outlook for the Ethereum....

Those who plan to short the ongoing bull run must think twice, as per on-chain analyst Kim-Young Ju. The chief executive of CryptoQuant, a data analytics firm, said in a Thursday tweet that traders have no reason to place bets on Bitcoin’s potential fall. He explained that despite the cryptocurrency’s short-term downside correction from its […]