Bitcoin Structure Points To Healthy Correction Before Next Wave Toward $150,000
Bitcoin’s recent price action suggests a cooling phase after its failed attempt to secure a close above the $123,000–$124,000 all-time high zone. While short-term retracement appears likely, the broader market structure remains bullish. This correction could serve as a healthy reset before Bitcoin gathers momentum for its next major wave, with $150,000 standing as the next target. Heatmap Reveals Key Gaps In Bitcoin’s Support Levels ZYN, a prominent crypto analyst, recently posted an update on X highlighting a key observation from Bitcoin’s cost basis heatmap. The analyst noted that....
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The XRP price may be on the verge of a huge breakout, as a new wave structure points to a potential surge toward the $18.22 to $23.20 price range in the short term. This distinct wave structure has emerged on the weekly chart, echoing historical patterns and well-defined technical frameworks that preceded a significant rally […]
XRP may be on the verge of a major upside breakout—but only after what crypto analyst Quantum Ascent describes as a necessary and temporary correction. In a new video analysis published on May 28, the seasoned trader warned that a drop toward the $2.13 level appears increasingly likely, but emphasized that such a move fits within a larger bullish Elliott Wave structure and would not invalidate the macro setup. XRP Set To Plunge Before Exploding Higher? “I said $2.71 was on deck—and we hit $2.66,” Quantum Ascent recalled, referencing a prediction made earlier in May. “I was five cents off.....
XRP has been facing a stretch of weakness in recent days, struggling to hold above the $3.00 mark and instead pushing downwards below it. Price action on the 4-hour chart shows the token moving within a downward structure, and it broke below $2.9 in the past 24 hours. It is within this context that crypto analyst DustyBC Crypto shared a bearish outlook, pointing out that XRP has not yet reached its first downside target and warning that more decline could still unfold before it enters any new uptrend. Related Reading: Ethereum Bullishness: Ark Invest Boss Scoops $16-M More In BitMine Stock....
The Bitcoin price hit $397.75 during the US trading session yesterday and has since retraced to $380. Trade has slipped back below the 20-period moving average on the 4-hour chart and downside looms... but where is it? Bitcoin Price Decline Doesn't Want to Play. The 15-minute Bitstamp chart shows the upward curve of price action as it advanced toward $400. The wave high was $397.75 which is slightly below the $398 target defined by the 1.618 Fib extension of the initial wave of advance. However, drawing Fibonacci extensions from the first subwave of the advancing wave yields wave divisions....
The Bitcoin (BTC) price crash to $74,000 has left traders speculating whether the cryptocurrency has finally hit a bottom. However, a CMT-certified analyst suggests that Bitcoin’s price correction is far from over. He has predicted an even deeper pullback to $38,000 – $42,000, which he identifies as Bitcoin’s final price bottom. In a detailed Elliott Wave-based chart analysis, CMT-certified technical analyst Tony Severino outlines a classic 5-wave impulsive structure that appears to have completed its final leg near $85,000. Severino’s analysis highlights that Bitcoin’s latest....