Bitcoin has continued to Keep the mouse pointer around the price level of $ 105,000 Over the past 24 hours, a level it has respected for most of the last seven days. Ethereum, on the other hand, trying to hold over $ 2500, while XRP also keeps its land Over $ 2.10 over the past 24 hours.
Some analysts still Expect a resumption of hausseartat momentum When the current range is broken to the upside, but others have taken a more cautious or direct pessimistic attitude. One of such Baardic prospects in recent days came from crypto commentator Warren Muppet, who shared a forecast for a strong downside correction for bitcoin and other major cryptocorate.
Analysts predict the crash scenario for great crypts
The wider crypto market seems to be stuck in a consolidation area, with the Fear & Greed Index that is currently reading 52, which is a neutral feeling that can easily turn in both directions. According to crypto analyst Warren Muppet on the social media platform X, this swing will be to the disadvantage.
Especially the crypto commentator Recently published a blunt list of estimated price levels that sent waves through some crypto dealers. The post, without charts or technical context, had simply been highlighted the price target for Bitcoin, Ethereum, XRP, Fartcoin and Hype. Despite the lack of technical and basic declaration of analysis, the message was clear that a sharp correction could be on the horizon.
According to the analyst, Bitcoin will crash from its current price levels to $ 93,500, Ethereum will crash to $ 2,100, speedcoin will crash to $ 0.68, XRP will crash to $ 1.6, and hype will crash to $ 28. In one of the comments on the original post predicted the crypto commentator as well the ability to solean crash to $ 85.
These figures may seem extreme to some, but they are not far -reaching. Bitcoin, Ethereum and XRP all Crahsed to these price levels just two months ago in April. This gives some credibility for the warning and if the feeling becomes negative, a decline to these prices may not be out of the picture.
Prolonged consolidation can lead to price accident
Previous price information for price measures indicates that bais -shaped phases often emerge quickly after prolonged consolidation in high zones. If it plays out again, Bitcoin slides under $ 100,000 could quickly escalate to a wider marble price accident. With Ethereum and XRP, which is also consolidated around their respective resistance levels, the chance of a synchronized after Bitcoin crash below $ 100,000 can be excluded.
Therefore, they depend on the hausse/baisse -liked prospects If bitcoin can hold over $ 100,000. If the feeling is weakened in the coming days, the analyst’s forecasts can no longer seem like an exaggeration.
At the time of writing, Bitcoin is traded at $ 105,096, Ethereum is traded at $ 2,540, XRP is traded at $ 2.16, while Hype shops at $ 42.
Image from Unsplash, charts from TradingView
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