Where Does The Latest Downtrend End? BTC & ETH Need To Drop To These Levels Before We See Reversal

2023-7-19 02:46

Following a brief surge of optimism in the cryptocurrency market, spurred by encouraging developments in the ongoing SEC lawsuit against Ripple (XRP), the digital asset landscape finds itself grappling with deflation once again. The fleeting bull run, ignited by the positive legal news, has given way to a bearish trend, with key players Bitcoin (BTC) and Ethereum (ETH) experiencing significant price drops.

Crypto Tony (@CryptoTony__), recently shared his predictions on Twitter for the current drop in the prices of Bitcoin (BTC) and Ethereum (ETH). According to Tony, a well-known trader and technical analysis expert, the targets for this drop are $28,500 for BTC and $1,780 for ETH.

However, many analysts expect this to be a short-lived cooling off before the nascent bull run continues.

Another famous Twitter analyst, ChartsBTC (@ChartsBtc), provided some historical context to the current situation that confirms this bullish narrative. The analyst pointed out that Bitcoin has only had three down years (2014, 2018, 2022), hinting at the potential for a rebound in the following year.

Looking at the price action for BTC over the last month, it’s clear that the cryptocurrency has been on a prolonged sideways trend. Starting from June 18, 2023, when BTC was trading at $26,335.8, the price has seen a series of highs and lows, reaching a peak of $31,641.4 on July 14, 2023, before falling to its current price of $30,148.4 as of July 17, 2023. This represents a significant drop from its peak, aligning with Crypto Tony’s prediction.

Similarly, Ethereum has also experienced a ranging trend over the past month. On June 18, 2023, ETH was trading at $1,720.97. It reached a high of $2,012.22 on July 13, 2023, but has since dropped to $1,911.24 as of July 17, 2023. This drop is not as drastic as that of BTC, but it still signifies a bearish trend in the market. With these trends in mind, it seems that the predictions made by Crypto Tony and ChartsBTC could potentially come to fruition. However, as with any market predictions, only time will tell.

The post Where Does The Latest Downtrend End? BTC & ETH Need To Drop To These Levels Before We See Reversal appeared first on CaptainAltcoin.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5173 (+0.92%)
Объем 24H $849.75m
Изменеия 24h: 0.82 %, 7d: 1.74 %
Cегодня L: $0.5077 - H: $0.5177
Капитализация $28.598b Rank 7
Цена в час новости $ 0.7831 (-33.94%)

sec lawsuit against ripple ongoing developments spurred

Источник: captainaltcoin.com

sec lawsuit → Результатов: 126


Фото:

Giving Up On Ripple: Grayscale Joins The Queue Of Institutional Investors Wiping XRP Off

Over the last few weeks, XRP has begun to lose its significance in the crypto space as the recent SEC lawsuit against Ripple has caused an adverse impact on the performance of the cryptocurrency. Recent reports have revealed several cases of diverse top exchanges delisting XRP from their trading services, thus resulting in a significant […]

2021-1-7 01:27


Фото:

XRP Surges as “Short Squeeze” Erases Days of Losses; What Comes Next?

XRP has been facing some immense pressure over the past few days and weeks, with the recent SEC lawsuit and an onslaught of exchange delistings rocking its price action The crypto is now trying to gain some momentum, with bulls stepping up and propelling the token higher overnight following a break above a key technical pattern Where the token trends in the mid-term will undoubtedly depend largely on whether or not bulls can sustain their […]

2021-1-2 01:00


Фото:

Coinbase Sued For Helping Ripple Raise Billions by Selling XRP

A plaintiff, Thomas Sandoval, is lodging a class action lawsuit at a San Francisco federal court against Coinbase. He alleges that the exchange received commissions by helping Ripple sell XRP without registering with the United States Securities and Exchange Commission (SEC), approving them to sell securities, a filing captured on Dec 30 reveals. The SandovalRead More

2021-1-1 10:22


Фото:

Ripple Assails the SEC, Claims the $1.3 billion Lawsuit is an ‘Attack on the Entire Crypto Industry Here in the United States’

Ripple has hit back at the U. S. Securities and Exchange Commission (SEC), accusing it of creating more uncertainty and failing in its duty to protect the crypto community. In panning the SEC’s decision to designate its XRP token as a security, the company claims the regulator’s lawsuit against it amounts to an attack on the […] The post Ripple Assails the SEC, Claims the $1.

2021-1-1 08:15


SEC vs Ripple Pretrial Conference Set for Feb; Majority of Customers & XRP Volume Not in the US

Ripple says the action against it is “an attack on the entire crypto industry” and the lawsuit has “affected countless innocent XRP retail holders” that have no connection with the company. The post SEC vs Ripple Pretrial Conference Set for Feb; Majority of Customers & XRP Volume Not in the US first appeared on BitcoinExchangeGuide.

2020-12-30 18:38


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Technicals Reveal Ripple’s XRP Price May Break Out Above $1.5 and Rally to $7.5 – Here’s How

A new technical formation takes shape on the Ripple (XRP) price chart, which has renewed the possibility of a potential surge. According to EGRAG Crypto, a renowned crypto analyst, a white Triangle pattern is emerging, incorporating highs from 2021, and it heralds the arrival of the “Genuine Wake-Up Line” – a potential catalyst for a […] The post Technicals Reveal Ripple’s XRP Price May Break Out Above $1.

Chimpzee vs. dogwifhat: Which Meme Coin Stands for More Than Profit?

Chimpzee, the coin with a multipurpose usage, allows investors to earn profit while also contributing to the preservation of the planet and its wildlife. Having garnered significant interest ahead of many meme coins, it stands tall even when compared side by side with tokens like dogwifhat (WIF), offering more than just profit generation.