#CryptoMarketMoves
📉 Crypto Markets Under Pressure: Have We Found a Bottom?
The crypto market remains tense. The late Bitcoin is struggling to hold on to $67,000, while others are trying to recover, but bears are actively selling off any attempts at growth.
🟠 Bitcoin (BTC): The Crucial Moment
BTC is trading near the 200-week EMA ($68,065). Analysts Matrixport and Jelle believe that the bottom formation process has already begun.
• Forecast: A break above $74,508 will open the way to $83,129.
• Risk: If the price falls below $65,118, a plunge to $60,000 is possible.
🚀 Overview of key altcoins:
• ETH: $1,897 is supported. A break of the 20-week EMA ($2,183) could push ether to $2,707. Otherwise, there is a risk of a drop to $1750.
• $SOL : Bears have made the $95 level a tough resistance. If the sides do not return this mark, we are waiting for a retest of $67.
• XRP: The price is stuck under $1.52. A consolidation above $1.61 gives a chance to rise to $1.80.
• #bnb : Trades in the range. Loss of support at $570 will lead to a drop of $500, and a breakthrough at $676 will lead to an increase of $790.
• #DOGE : Demonstrates resilience. A consolidation above $0.12 can provoke a rally to $0.16.
• $HYPE : A sideways range from $20.82 to $35.50 is expected. Strength will appear only after closing above $32.50.
📊 Other coins:
• #BCH : Exits to an upward exit with a target of $630 if it gets $547.
• $ADA : Trying to break resistance. Success will return the price to $0.44-$0.50.
• #XMR : Still below $360, bears are in control. $366 needed to move to $449.
⚠️ Conclusion: The market is at a tipping point. "YOLO" trades can be paid for by US tax refunds, but the technical pattern calls for caution.
