Crypto Giants Stumble: Bitcoin, Ethereum, Ripple Show Market Weakness

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple Show Signs of Weakness

According to FXStreet's recent analysis, the top three cryptocurrencies—Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP)—are showing signs of weakness. Bitcoin faced a rejection at the $70,000 resistance level on Monday and has since declined by 2.3%, trading around $67,000 as of Wednesday. The Relative Strength Index indicates a potential further decline if it falls below its neutral level.

Ethereum is also experiencing downward pressure after failing to break through its descending trendline earlier this week. It saw a decrease of 4.5% until Tuesday and continues to trade near $2,600 with bearish momentum indicated by RSI levels.

XRP mirrors these trends as well; facing resistance from its 200-day EMA at $0.552 before declining slightly more than two percent over consecutive days.

If Bitcoin Repeats Gold’s Bullish Pattern, BTC Could Hit $230K

An article from CoinGape suggests that if Bitcoin follows gold's historical bullish pattern known as "cup-and-handle," we could see prices soar up towards an impressive target range between approximately USD $199k-$207k according to analyst Sminston With, who uses Decay Channel model forecasts, which challenge traditional prediction models like Rainbow Chart or Stock-to-Flow.

This optimistic outlook aligns closely with other industry experts' long-term predictions for six-digit valuations within the coming years despite current market volatility keeping values under psychological thresholds such as seventy thousand dollars per coin today, largely due to profit-taking activities among holders recently observed across various exchanges worldwide including US Spot ETF inflows totaling nearly three hundred million dollars last recorded session alone!

Cryptocurrencies Price Prediction: Asian Wrap Highlights Market Trends

The latest report from FXStreet highlights how major digital assets are reacting amidst ongoing global events impacting investor sentiment, particularly surrounding the upcoming United States presidential election scheduled for November fifth where regulatory clarity is expected to play a crucial role in shaping the future landscape for the entire sector moving forward beyond immediate short-term fluctuations seen currently affecting both altcoin and stablecoin markets alike during the past few weeks leading into the final quarter year-end period traditionally marked by increased activity overall volumes traded daily basis globally speaking too, given heightened interest shown by institutional players entering the space at a rapidly expanding pace never witnessed in prior history thus far. Indeed, remarkable times live witness firsthand evolution unfolding right front eyes every day passing moment. 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