Bitcoin, Ethereum, Ripple: Major consolidation causes crashes
After falling to $86,050 the day before, bitcoin is at $88,500 on Wednesday.
Ethereum retested its daily support level of $2,359; a closure below would extend its decline.
After falling 11% this week, XRP is trading at $2.28 on Wednesday.
Bitcoin (BTC) price is at $88,500 on Wednesday after breaking out of consolidation and hitting $86,050 earlier this week. Ethereum (ETH) and Ripple (XRP) fell 11% and 12%, respectively, after BTC.
Bitcoin bears target $85,000
Monday's 4.89% drop below $94,000 support level ended bitcoin's protracted consolidation period at $91,552. BTC fell 3.14% to $86,050 on Tuesday. On Wednesday, it was roughly $88,500.
BTC may touch $85,000 as it continues its slide.
BTC may rebound further to retest its $100,000 psychological milestone.
Ethereum will fall if it closes below $2,359
Ethereum fell almost 11% on Monday. Next day, it resumed its slump and retested $2,359 daily support. On Wednesday, it was roughly $2,486.
ETH might revisit its February 3 low of $2,125 if it closes below $2,359.
However, ETH might return to its Monday high of $2,839.
Ripple price RSI shows momentum weakening.
Ripple fell about 12% on Monday and hit $2.06 the next day. On Wednesday, it was roughly $2.29.
If daily $2.72 barrier holds, it will fall to $1.96, its next support level.
XRP will continue the climb and retest its January 16 high of $3.40 if it closes above $2.72 and finds support.
#xrp #BTC #ETH #BTCDipOrRebound #EthereumRollbackDebate $BTC $ETH $XRP
After falling to $86,050 the day before, bitcoin is at $88,500 on Wednesday.
Ethereum retested its daily support level of $2,359; a closure below would extend its decline.
After falling 11% this week, XRP is trading at $2.28 on Wednesday.
Bitcoin (BTC) price is at $88,500 on Wednesday after breaking out of consolidation and hitting $86,050 earlier this week. Ethereum (ETH) and Ripple (XRP) fell 11% and 12%, respectively, after BTC.
Bitcoin bears target $85,000
Monday's 4.89% drop below $94,000 support level ended bitcoin's protracted consolidation period at $91,552. BTC fell 3.14% to $86,050 on Tuesday. On Wednesday, it was roughly $88,500.
BTC may touch $85,000 as it continues its slide.
BTC may rebound further to retest its $100,000 psychological milestone.
Ethereum will fall if it closes below $2,359
Ethereum fell almost 11% on Monday. Next day, it resumed its slump and retested $2,359 daily support. On Wednesday, it was roughly $2,486.
ETH might revisit its February 3 low of $2,125 if it closes below $2,359.
However, ETH might return to its Monday high of $2,839.
Ripple price RSI shows momentum weakening.
Ripple fell about 12% on Monday and hit $2.06 the next day. On Wednesday, it was roughly $2.29.
If daily $2.72 barrier holds, it will fall to $1.96, its next support level.
XRP will continue the climb and retest its January 16 high of $3.40 if it closes above $2.72 and finds support.
#xrp #BTC #ETH #BTCDipOrRebound #EthereumRollbackDebate $BTC $ETH $XRP