Bitcoin Continue Hover over the price level of $105,000 It has respected it for most of the past 24 hours. On the other hand, Ethereum attempts to hold a selling price of more than $2500, and XRP is also keeping the ground In the past 24 hours, it was above $2.10.
Some analysts are still Expect to resume bullish momentum Once the current range breaks above the upside, others have taken a more cautious approach Or a completely pessimistic position. One of this bearish view in recent days has come from crypto commentator Warren Muppet, who has made strong downside correction forecasts for Bitcoin and other large cryptocurrencies.
Analysts predict crashes for major cryptocurrencies
The wider crypto market seems to be trapped in the consolidation range, and the current Fear and Greed Index is reading 52, a neutral sentiment that easily rotates in any direction. This swing will be bad, according to Warren Muppet, a crypto analyst on social media platform X.
Especially the crypto commentator A blunt list has been released recently The expected price level is waving among some crypto traders. The post has no chart or technical environment, just highlights the price targets of Bitcoin, Ethereum, XRP, Fartcoin and Hype. Despite the lack of technical and fundamental analysis explanations, this information clearly indicates that sharp corrections may occur.
According to analysts, Bitcoin will crash from its current price level to $93,500, Ethereum will crash to $2,100, and Fartcoin will crash to $0.68, XRP will crash $1.6, the hype will collapse to $28. In one of the comments from the original post, the crypto commentator also predicted Possibility of Solana’s collapse To $85.
To some, these numbers may seem extreme, but they are not far-fetched. Just two months ago, Bitcoin, Ethereum and XRP all reached these price levels. This brings some credibility to the warning, and if sentiment goes negative, these prices may not fall.
Extended merger may cause price crashes
Previous price action data suggest that the bearish phase usually occurs quickly after long-term consolidation of high areas. If it reappears, Bitcoin slips below $100,000 Can be upgraded quickly Entering the wider Malit price collapse. Additionally, since Ethereum and XRP also consolidate around their respective resistance levels, the opportunity for synchronization after Bitcoin crash cannot be ruled out, and below $100,000 cannot be ruled out.
Therefore, the bullish/bearish outlook depends on If Bitcoin can be held for more than $100,000. If sentiment eases in the coming days, analysts’ predictions no longer seem to be exaggerated.
At the time of writing, Bitcoin is trading at $105,096, Ethereum is trading at $2,540, XRP is trading at $2.16, and Hype is trading at $42.
Featured images from Unsplash, charts for TradingView
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