Bitcoin Has Officially Entered Bearish Territory, And It’s Headed To $35,000; Chart Shows
Bitcoin’s higher-timeframe structure is in an interesting state, according to crypto analyst Crypto Patel, who is of the notion that the cryptocurrency has officially entered bearish territory after breaking a long-term support level at $107,000. Technical analysis of price action on the weekly candlestick price chart shows Bitcoin is now in this bearish territory, with…
Bitcoin 5TH Wave Is Not Over Yet, And Price Could Still Crash To $52,000; Analyst Warns
Bitcoin is 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…
Ethereum Shows Strength: Indicators Suggest Bigger Moves Ahead
Ethereum is gaining momentum, and several technical signals suggest that a significant move could be on the way. With key support levels holding and bullish patterns forming, the market may be setting up for a notable upside. Golden Pocket Rejection: Confirming The High-Risk Scenario In a recent golden pocket between the 0.5 and 0.618 Fibonacci…
More Pain Ahead? Bitcoin Trendline Breach Sparks Talk Of Corrective Wave In Play
Bitcoin’s weekly chart is at a pivotal point, with price action hovering around key structural levels. Traders are now questioning whether the current move marks the start of a deeper correction or just a healthy consolidation before the next leg up. Elliott Wave Signals Align With Developing Correction Elliott Waves Academy, in its wave has…
XRP Wave Structure Predicts Wild Fluctuations On Its Way To $4 ATH
The retesting its all-time high and aiming for the $4 mark. XRP Wave Map Lays Out Path To A New ATH The XRP price is currently trading at $2.13 after enduring a months-long downtrend that has prevented any upward movement toward revisiting all-time highs. However, despite these momentum struggles, a certified crypto and Elliott Wave…
XRP Price Risks Crash Below $2 As Correction Takes Hold, Here’s Why
The recent price action for XRP has shown little sign of strength as the crypto is now battling sustained bearish pressure. Since the start of the correction phase on May 12, XRP has posted consecutive lower highs on the daily timeframe, slipping further from its May peak of $2.65. This ongoing decline comes after a…
Cardano (ADA) At A Crossroads As Fibonacci Level Indicates Potential Fall To $0.42
Market prices of Cardano (ADA) increased by over 3% on Friday amid a general bullish wave in the crypto market. However, this minor uptick only follows the largely negative performance earlier seen in the week. Notably, popular crypto analyst Ali Martinez postulates the ninth-largest cryptocurrency could still experience steeper market losses if certain technical support…