Bitcoin To Bounce Back? Analyst Predicts $90,000 After $58K Drop
The recent dip in Bitcoin (BTC) might be a temporary hiccup, according to Lark Davis, a popular crypto analyst. Davis is calling for a significant upswing in Bitcoin’s value in the coming weeks, with a target of $90,000 by year’s end. This optimistic outlook comes amidst a wave of optimism surrounding institutional investment and the potential arrival of Bitcoin exchange-traded funds (ETFs). Related Reading: Ethereum DApps On Fire: Volume Soars Over 90% — Good For ETH Price? Institutional Investors Set To Supercharge The Market Davis believes a surge of institutional money is....
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Bitcoin has undergone a strong drop since the highs of $19,500 seen last week A historically accurate analyst says that further losses are likely for the cryptocurrency The analyst shared a chart showing that Bitcoin is likely in the midst of trading in a dead cat bounce prior to further losses He cited the Elliot Wave form of technical analysis, which predicts that markets move in predictable waves. Bitcoin Could Drop Toward $15,000 Bitcoin has […]
Crypto analyst Alessio Rastani has warned that XRP is in “trouble” following his recent analysis of the chart. He outlined certain “strong warnings” on the chart, which showed that the crypto token could experience further price declines. Why XRP Is In Trouble Rastani mentioned in a video on his YouTube channel that XRP could drop to $0.13 or even lower as part of Wave C of his analysis using the Elliot Wave Theory. He noted that a drop to that price level represents about a 100% decline for XRP from Wave B and a similar corrective move to Wave A that occurred in 2020. Related Reading:....
Crypto analyst Crypto Patel has outlined a roadmap for how Bitcoin could rally to $300,000. The analyst also indicated that investors will have the opportunity to buy at lower levels, as he predicts BTC will first drop to $44,000. Roadmap For The Bitcoin Rally To $300,000 In an X post, Crypto Patel laid out the roadmap for the Bitcoin rally to $300,000. First, he stated that BTC will bounce into the $89,300 to $98,000 range, which is the higher timeframe bearish order block. Once that happens, he predicts the leading crypto will face rejection from that zone, triggering the final leg down....
Crypto analyst Joao, who correctly predicted the XRP price crash, has revealed the altcoin’s next targets. Based on his latest prediction, more pain could lie ahead for XRP, which could still drop below $1. What’s Next For The XRP Price After The Crash Below $2 In a TradingView post, Joao stated that a long-term distribution phase could be the “most chaotic scenario” for the XRP price following its crash below $2. Through his accompanying chart, the analyst illustrated a “radical distribution scheme” that could potentially extend into late 2025. Related Reading: XRP Price....
Ethereum has undergone a 6% drop over the past 24 hours in the face of the stock drop. The Dow Jones is down 3% during Monday’s trading session. Analysts think ETH could bounce, though, as the coin has recovered to $390. One analyst noted that the coin is now trading above the pivotal swing level at $390. Ethereum holding above that level is expected to trigger a recovery towards the $422 weekly highs as aforementioned. […]