Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto market red, but Simon says BTC may rally to $46,600
BTC is trading down near the psychologically important $30,000, but the governing pattern indicates that downside momentum has notably waned, nearing an important reversal. ETH is now down -20% after triggering an ascending wedge pattern on July 8. XRP continues to broaden the trading range, showing no spirit of reversing the downtrend as the June 22 low comes into view.
Ethereum price is under massive selling pressure as bears gain full control
ETH goes in for another negative open this week, for a third consecutive time. Selling pressure continues increasing behind ETH. Buying the dip looks to be the play to go for now. The level of patience that strategic buyers have with Ethereum will soon be met with an opportunity to pick up the ETH at some interesting buy levels. But for now, Ether looks prepared for a third consecutive week of losses.
Shiba Inu price at now-or-never moment as bulls walk on thin ice
Shiba is hovering above two critical support levels – $0.00000654 and $0.00000625. A breakdown of these levels might push it to retest the range low at $0.00000518. However, if SHIB slices through the immediate resistance level at $0.00000811, it will invalidate the bearish thesis. Shiba Inu has been on a downswing since July 6 after a failed attempt to slice through the high probability reversal zone.
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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP crash, wiping $1.17 billion from the market
Bitcoin price trades below $98,000 on Friday after declining more than 6% this week. Ethereum and Ripple followed BTC’s footsteps, closing below their key support and declining 12% and 4.5%, respectively, this week.
Bitcoin's trajectory shows similarities with previous cycles as long-term holders book profits of $2.1 billion
Glassnode's Week on Chain report revealed the similarities between the current Bitcoin uptrend and previous cycles amid changing market conditions. Meanwhile, long-term investors began distributing their tokens at the $100K level.
Crypto Today: Hawkish Fed triggers $400B sell-off as meme coins mirror ETH, SOL price dip
The cryptocurrency sector valuation fell below the $3.5 trillion mark on Thursday, with a 10.7% decline reflecting $390 billion worth of outflows. The crypto market dip has been linked to the US Federal Reserve hinting at a hawkish stance for 2025.
Ethereum Price Forecast: ETH may not sustain recent 10% decline despite panic selling from short-term holders
Ethereum declined below the $3,550 key support level on Thursday following bearish pressure from the Federal Reserve's rate cut decision. However, on-chain analysis shows that the price decline may not last long as long-term holders have stayed quiet despite the bearish sentiment.
Bitcoin: BTC reclaims $100K mark
Bitcoin briefly dipped below $94,000 earlier this week but recovered strongly, stabilizing around the $100,000 mark by Friday. Despite these mixed sentiments this week, institutional demand remained strong, adding $1.72 billion until Thursday.
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