![Crypto Whales Accumulate New Bitcoin Project, 99Bitcoins – What’s the Hype?](/image/6680d13c65105.jpg)
With a presale price of $0.00111 per token, 99Bitcoins, already received considerable attraction from crypto whales and could potentially see its value skyrocket. The past few weeks have been bad for the crypto market, especially for Bitcoin, which has consistently dipped below $60K and played a little above that resistance mark. But amid the market
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XRP Price Maintains Support Level: What It Means For The Bulls
![XRP price climbed higher and tested the $0.4840 resistance zone. The price corrected gains but the bulls are able to protect the $0.4750 support. XRP price is eyeing an upside break above the $0.4840 resistance zone. The price is now trading above $0.4720 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $0.4760 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might gain bullish momentum if there is a close above the $0.4840 resistance. XRP Price Corrects Gains XRP price started a decent upward move above the $0.4740 resistance like Bitcoin and Ethereum. The bulls were able to push the price above $0.480. However, the bears were active near the $0.4840 resistance zone. A high was formed at $0.4839 and the price recently started a downside correction. There was a move below the $0.4800 and $0.4780 levels. The price even spiked below the 50% Fib retracement level of the upward move from the $0.4695 swing low to the $0.4839 high. It is now trading above $0.4740 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $0.4760 on the hourly chart of the XRP/USD pair. On the upside, the price is facing resistance near the $0.480 level. The first major resistance is near the $0.4840 level. The next key resistance could be $0.4880. A clear move above the $0.4880 resistance might send the price toward the $0.5050 resistance. The next major resistance is near the $0.5120 level. A close above the $0.5120 resistance zone could send the price higher toward $0.5250. Any more gains might send the price toward the $0.5320 resistance. More Losses? If XRP fails to clear the $0.4840 resistance zone, it could continue to move down. Initial support on the downside is near the $0.4765 level and the trend line. The next major support is at $0.4740, the 61.8% Fib retracement level of the upward move from the $0.4695 swing low to the $0.4839 high, and the 100-hourly Simple Moving Average. If there is a downside break and a close below the $0.4740 level, the price might continue to decline toward the $0.4640 support in the near term. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now just below the 50 level. Major Support Levels – $0.4765 and $0.4740. Major Resistance Levels – $0.4800 and $0.4840.](/image/66837ff42c000.jpg)
XRP price climbed higher and tested the $0.4840 resistance zone. The price corrected gains but the bulls are able to protect the $0.4750 support. XRP price is eyeing an upside break above the $0.4840 resistance zone. The price is now trading above $0.4720 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $0.4760 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might gain bullish momentum if there is a close above the $0.4840 resistance. XRP Price Corrects Gains XRP price started a decent upward move above the $0.4740 resistance like Bitcoin and Ethereum. The bulls were able to push the price above $0.480. However, the bears were active near the $0.4840 resistance zone. A high was formed at $0.4839 and the price recently started a downside correction. There was a move below the $0.4800 and $0.4780 levels. The price even spiked below the 50% Fib retracement level of the upward move from the $0.4695 swing low to the $0.4839 high. It is now trading above $0.4740 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $0.4760 on the hourly chart of the XRP/USD pair. On the upside, the price is facing resistance near the $0.480 level. The first major resistance is near the $0.4840 level. The next key resistance could be $0.4880. A clear move above the $0.4880 resistance might send the price toward the $0.5050 resistance. The next major resistance is near the $0.5120 level. A close above the $0.5120 resistance zone could send the price higher toward $0.5250. Any more gains might send the price toward the $0.5320 resistance. More Losses? If XRP fails to clear the $0.4840 resistance zone, it could continue to move down. Initial support on the downside is near the $0.4765 level and the trend line. The next major support is at $0.4740, the 61.8% Fib retracement level of the upward move from the $0.4695 swing low to the $0.4839 high, and the 100-hourly Simple Moving Average. If there is a downside break and a close below the $0.4740 level, the price might continue to decline toward the $0.4640 support in the near term. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now just below the 50 level. Major Support Levels – $0.4765 and $0.4740. Major Resistance Levels – $0.4800 and $0.4840. Bitcoin World
![Bitcoin has been in a notable state of flux recently after recovering from the crash below $60,000 and establishing support above $61,000. However, with the pioneer cryptocurrency failing to completely beat important resistance points such as $63,500, bearish sentiment continues to dominate the market. Amid this, one crypto analyst has predicted that the Bitcoin crash is far from over, forecasting much lower figures than anticipated. Crypto Analyst Calls Out Possible Bitcoin Crash To $35,000 In a new analysis of the Bitcoin price, crypto analyst Alan Santana has predicted a possible price crash in the near future. The analysis, which was posted on the TradingView website, takes into account the past performances of the cryptocurrency, identifying various points such as a maximum pain point. Related Reading: SEC Serves Fresh Lawsuit To Metamask Developer Consensys – What’s The Problem This Time? Santana points out that for Bitcoin, the maximum pain point currently lies between the 0.618 and 0.786 Fibonacci retracement levels. This means that the Bitcoin price has far from bottomed, going by this analysis. Since the Fibonacci retracement levels are still so low currently. Based on this, the crypto analyst believes that the price will continue to crash with the maximum pain point sitting around $34,900 and $42,855. Going by this prediction, it means that the Bitcoin price could crash as high as 45% from its current level if it does play out. Interestingly, despite expecting such a massive price crash, the crypto analyst does not believe that the price will fall further. In fact, he points out that the Bitcoin price will never fall below the $30,000 price level ever again. Closing the analysis with some words for investors and traders, the crypto analyst advises, “Update your numbers, update your trades, update everything. These are the new numbers.” Not Everyone Is Bearish While Alan Santana’s prediction is very bearish for the Bitcoin price, not all analysts have gone the negative route. In fact, with the 20% BTC price crash, some crypto analysts believe that the worst is already over and that the pioneer cryptocurrency will see a bounce soon. Related Reading: XRP Price On The Verge Of Breaking Falling Wedge That Could Lead To 4% Increase One of the crypto analysts who predicts a bounce in the price is Doctor Bitcoin, who also posted his analysis on the TradingView website. According to the crypto analyst, this is actually the time buy BTC due to a harmonic pattern that has appeared in the chart, which points to a bullish reversal pattern. For the target, Doctor Bitcoin has predicted a possible rise to $85,000, which would be around a 35% move from the current price point. At the time of writing, the Bitcoin price is trending at $62,800, showing a 2.26% increase in the last 24 hours. Featured image created with Dall.E, chart from Tradingview.com](/image/66838377a382b.jpg)
Crypto Analyst Predicts 45% Drop For Bitcoin, But Says It Won’t Go Below This Level
Bitcoin has been in a notable state of flux recently after recovering from the crash below $60,000 and establishing support above $61,000. However, with the pioneer cryptocurrency failing to completely beat important resistance points such as $63,500, bearish sentiment continues to dominate the market. Amid this, one crypto analyst has predicted that the Bitcoin crash is far from over, forecasting much lower figures than anticipated. Crypto Analyst Calls Out Possible Bitcoin Crash To $35,000 In a new analysis of the Bitcoin price, crypto analyst Alan Santana has predicted a possible price crash in the near future. The analysis, which was posted on the TradingView website, takes into account the past performances of the cryptocurrency, identifying various points such as a maximum pain point. Related Reading: SEC Serves Fresh Lawsuit To Metamask Developer Consensys – What’s The Problem This Time? Santana points out that for Bitcoin, the maximum pain point currently lies between the 0.618 and 0.786 Fibonacci retracement levels. This means that the Bitcoin price has far from bottomed, going by this analysis. Since the Fibonacci retracement levels are still so low currently. Based on this, the crypto analyst believes that the price will continue to crash with the maximum pain point sitting around $34,900 and $42,855. Going by this prediction, it means that the Bitcoin price could crash as high as 45% from its current level if it does play out. Interestingly, despite expecting such a massive price crash, the crypto analyst does not believe that the price will fall further. In fact, he points out that the Bitcoin price will never fall below the $30,000 price level ever again. Closing the analysis with some words for investors and traders, the crypto analyst advises, “Update your numbers, update your trades, update everything. These are the new numbers.” Not Everyone Is Bearish While Alan Santana’s prediction is very bearish for the Bitcoin price, not all analysts have gone the negative route. In fact, with the 20% BTC price crash, some crypto analysts believe that the worst is already over and that the pioneer cryptocurrency will see a bounce soon. Related Reading: XRP Price On The Verge Of Breaking Falling Wedge That Could Lead To 4% Increase One of the crypto analysts who predicts a bounce in the price is Doctor Bitcoin, who also posted his analysis on the TradingView website. According to the crypto analyst, this is actually the time buy BTC due to a harmonic pattern that has appeared in the chart, which points to a bullish reversal pattern. For the target, Doctor Bitcoin has predicted a possible rise to $85,000, which would be around a 35% move from the current price point. At the time of writing, the Bitcoin price is trending at $62,800, showing a 2.26% increase in the last 24 hours. Featured image created with Dall.E, chart from Tradingview.com Bitcoin World