Adjusted Trendlines
We have slightly adjusted the trendlines, as Bitcoin appears to hesitate in choosing its next move. We still estimate a 70–80% probability of a significant decline from current levels.
There is a small chance that liquidity above the all-time high (around $124K) may still be required, but I remain skeptical of that scenario.
The XRP 1.5-1.6usd target remains valid. However, it remains challenging to pinpoint the exact moment when altcoins will begin to outperform Bitcoin, and thats just what happened recently, If we break below 2.75usd with strength then a move towards 1.6usd is almost certain.
We have slightly adjusted the trendlines, as Bitcoin appears to hesitate in choosing its next move. We still estimate a 70–80% probability of a significant decline from current levels.
There is a small chance that liquidity above the all-time high (around $124K) may still be required, but I remain skeptical of that scenario.
The XRP 1.5-1.6usd target remains valid. However, it remains challenging to pinpoint the exact moment when altcoins will begin to outperform Bitcoin, and thats just what happened recently, If we break below 2.75usd with strength then a move towards 1.6usd is almost certain.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.