Analyst Warns XRP Could ‘Shake Out’ Traders Before Major Breakout
XRP needs to push past $1.51 before any real breakout becomes possible, according to market commentator Matt Hughes — and one analyst thinks that moment could arrive this week, but not before the market knocks out the weakest holders first. A Pattern Years In The Making MichaelXBT, a widely followed crypto analyst, says XRP has spent months forming a falling wedge on its weekly chart — a structure that typically points toward an upside move once price breaks above the upper boundary. Related Reading: Zcash Soars 88% In 30 Days: Is ZEC The Stealth Winner Of This Crypto Cycle? The coin has....
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Bitcoin bulls should brace for an impact from traders holding larger quantities of the cryptocurrency tokens, warns Robbie Liu.
The latest Bitcoin (BTC) price rebound above $78,000 has sparked renewed optimism across the market, as investor sentiment has flipped bullish. However, not all market watchers are convinced that the momentum will last. Crypto analyst Marmot is warning that the recent price surge may be masking deeper weakness underneath, urging investors and traders not to trust it. As bullish forecasts continue to spread across the market, Marmot believes traders may overlook signals that often precede sharp reversals and major shifts in market direction. Why Bitcoin’s Rally Above $78,000 Could Be A....
A recent wild run-up in the Bitcoin market faces risks of faltering as traders hesitate to buy the cryptocurrency at higher rates, asserts Marc Principato.
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The Bitcoin price and the crypto market remain under pressure as the sector enters a low volatility period. While a lot of traders were expecting a big move yesterday, following the US Federal Reserve (Fed) decision on rate cuts, the cryptocurrency held its current levels. Related Reading: Analyst Warns: Strategy On Track For Historic Collapse, Bigger Than FTX Despite the relative resilience in the top crypto and other cryptocurrencies, the Bitcoin price is showing signs of potential downside. At the time of writing, BTC trades at around $105,000 with a 2.3% decline over the past seven....