Crypto Alert: Bitcoin and Ethereum Crash Looms, But This RWA Token Could Be Your Savior

Analyst Warns of Bitcoin and Ethereum Price Crash, Names 1 RWA Token that Can Save Your Portfolio

According to Techpoint Africa, the crypto market is bracing for a potential downturn as analysts predict significant price drops in both Bitcoin (BTC) and Ethereum (ETH). Despite their steady performance over Q3 with prices at $63,202 and $2,476 respectively, fears of another "crypto winter" loom large. The fear index has been on a downward trend since July 2024, reflecting growing investor anxiety.

The article highlights Propichain's PCHAIN token as a promising alternative amidst this uncertainty. By leveraging real estate tokenization through NFTs on blockchain technology, Propichain aims to democratize access to property investments traditionally reserved for wealthier individuals. This approach not only offers fractional ownership but also enhances liquidity in an otherwise illiquid asset class.

This Is What Bitcoin (BTC) Price Needs to Hit a New All-Time High

BeInCrypto reports that while Bitcoin’s price rose by 6% over the past month, its upward momentum appears fragile according to current ADX readings which stand at 33.55—indicating moderate strength. Recent netflows into exchanges suggest holders are cautious about future selling pressures.

For BTC to achieve new heights beyond its all-time high of $68,506, resistance must be broken; however, failure could result in retesting lower support levels around $62k or even further down towards $57k if bearish trends persist without reversal signs soon enough from technical indicators like EMA lines narrowing gaps between short-term and long-term averages, signaling weakening bullishness overall within markets currently observed today across various platforms.

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