Cryptocurrencies found some support last week as stocks rallied and USD sold off. However, we again see USD index turning higher since Friday, and if this will resume then cryptos will have hard time to recover. However, we see the room on Bitcoin up to 20500 area, a potential resistance. At the same time I am also looking at Bitcoin market cap which continues to consolidate within wave four and we know that if this one breaks lower, the altcoins may follow. However, that's a weekly chart which for now may not impact the intraday bulls but its good to keep one eye on big picture.

Chart

Chart


Get Full Access To Our Premium Analysis For 14 Days. Click here!


By using Wavetraders website, any services, products, and content contained here, you agree that use of our service is entirely at your own risk. You understand that there is a very high degree of risk involved in trading on the markets. We assume no responsibility or liability for your trading and investment results. The charts, and all articles published on www.wavetraders.com are provided for informational and educational purposes only!

By using the information and services of www.ew-forecast.com you assume full responsibility for any and all gains and losses, financial, emotional or otherwise, experienced, suffered or incurred by you.

Recommended content


Recommended Content

Editors’ Picks

Bitcoin Weekly Forecast: BTC bloodbath continues, near 30% down from its ATH

Bitcoin Weekly Forecast: BTC bloodbath continues, near 30% down from its ATH

Bitcoin price extends its decline and trades below $80,000 at the time of writing on Friday, falling over 15% so far this week. This price correction wiped $660 billion of market capitalization from the overall crypto market and saw $3.68 billion in total liquidations this week. 

More Bitcoin News
Cardano poised for double-digit drop amid market weakness

Cardano poised for double-digit drop amid market weakness

Cardano price is extending its decline by nearly 7%, trading around $0.60 on Friday after falling 23% this week. Santiment data support this decline as ADA daily active addresses are falling, and the technical outlook indicates a continued correction, with ADA potentially facing an additional double-digit decline.

More Cardano News
XRP short-term holders dominate sell-off as whales buy the dip

XRP short-term holders dominate sell-off as whales buy the dip

XRP short-term holders dominated the selling activity during the recent market crash. XRP whales have been accumulating more tokens during the crash, adding over $1 billion worth of tokens. XRP could bounce off the lower boundary of a descending channel if it fails to hold the $1.96 support level.

More Ripple News
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP continue to sell off

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP continue to sell off

Bitcoin (BTC) price continues declining on Friday after falling more than 15% this week. Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps and declined by nearly 24% and 21%, respectively.

More Cryptocurrencies News
Bitcoin: BTC bloodbath continues, near 30% down from its ATH

Bitcoin: BTC bloodbath continues, near 30% down from its ATH

Bitcoin (BTC) price extends its decline and trades below $80,000 at the time of writing on Friday, falling over 15% so far this week. This price correction wiped $660 billion of market capitalization from the overall crypto market and saw $3.68 billion in total liquidations this week.

Read full analysis
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

BTC

ETH

XRP