September 26, 2023 7:49 am

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto Markets Bleed in Preparation for Massive Bull Rally

Facebook
Twitter
LinkedIn
Pinterest
WhatsApp
Telegram

URGENT: JUST 11 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, TO ENSURE WE ARE FULLY FUNDED FOR NEXT MONTH,SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS - Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto Markets Bleed in Preparation for Massive Bull Rallya

By Crypto Global News

  • Bitcoin price is correcting toward the demand zone stretching from $30,573 to $31,979.
  • Ethereum price broke out of the rising wedge and is likely to find support between $2,041 to $2,106.
  • Ripple price is likely to reverse its downtrend at $0.596 or $0.581 before surging 30% to tag $0.785.

Bitcoin price rejection at the midpoint of the range has led to a slow downtrend gathering steam as of this writing. If this persists, BTC is likely to drop until it finds stable ground to kick-start another uptrend.

Ethereum, Ripple and other altcoins are likely to follow suit.

Bitcoin price sets the stage for massive run-up

Bitcoin price has set up three distinctive lower highs since June 29, indicating waning buying pressure. Moreover, BTC is hovering below the July 5 swing low at $33,125. A decisive 4-hour candlestick close would further confirm the downtrend.

If the sell-off continues, the flagship cryptocurrency will likely dip into the demand zone extending from $30,573 to $31,979. This area will serve as a foothold for reversal that could potentially catapult BTC beyond the midpoint at $35,618 in an attempt to tag the range high at $42,451.

BTC/USDT 4-hour chart

BTC/USDT 4-hour chart

While the upside seems plausible, investors need to note that a breakdown of the $31,000 support level will inflict severe wounds on bulls. However, a decisive 4-hour candlestick close below $30,000 will invalidate the bullish thesis and trigger a potential sell-off to $28,786.

Ethereum price kick-starts its descent

Ethereum price broke out of the rising wedge pattern and has dropped roughly 6% over the past eight hours. While the bearish setup forecasts a 16% downswing to $1,909, the correction might find solace in the support zone that runs from $2,041 to $2,106.

Regardless of where the bulls rescue ETH, the potential upside targets include $2,460 and $2,640. If the bid orders continue to increase beyond this point, the bullish momentum will likely trigger an upswing pushing Ethereum price by 42% to tag the range high at $2,992.

ETH/USDT 4-hour chart

ETH/USDT 4-hour chart

On the other hand, Ethereum price needs to stay above the demand zone’s range low at $2,041. Breaching this level might push ETH down to $1,909.

A breakdown of this barrier with the buyers unable to reclaim it would invalidate the bullish thesis and likely spark a 9% crash to $1,729.

Ripple price crumbles to be reborn

Ripple price rejection at $0.68 has triggered a 7% correction that has pushed it below the 50% Fibonacci retracement level at $0.647.

XRP price hovers above the support level at $0.624, and investors can expect it to be breached. Ripple could find stable ground at $0.596 or $0.581, which could serve as a reversal point. In case the buyers come to the rescue, XRP price will kick-start its ascent.

The first major barrier that the bulls will face is the midpoint at $0.647. If the bullish momentum manages to breach through this, Ripple will enter the high probability reversal zone, ranging from $0.680 to $0.727

If the bid orders continue to pile up after a breach of $0.727, XRP price will have a high chance of retesting the range high at $0.785.

XRP/USDT 4-hour chart

XRP/USDT 4-hour chart

On the one hand, XRP price could bounce from $0.596 or $0.581 and kick-start an uptrend that could face rejection by the reversal zone due to early profit booking from investors, leading to a pullback.

On the other hand, if the bears produce a decisive 4-hour candlestick close below $0.568, it will invalidate the bullish thesis.

In such a case, Ripple might slide 10% to tag the range low at $0.509.

Opinion pieces don’t necessarily reflect the position of our news site but of our Opinion writers.

Support the ANR from as little as $8 – it only takes a minute. If you can, please consider supporting us with a regular amount each month. Thank you.

Related News

Subscribe for free to our ANR news emails and access 2 free ebooks plus Reports to share with family and friends about Covid fraud and the danger of the vaccines.

Australian National Review is Australia’s first real free and independent press, one with no editorial control by the elite, but a publication that can generate critical thinkers and critical debate and hold those spreading mistruths and deliberate propaganda in mainstream media to account.

News with a difference that will be educational, compelling and create a platform for political and social change in this country and address the real issues facing this country and the world.

Watch Full Documentary

URGENT: JUST 3 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED TO LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS

Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

Get access to TruthMed- how to save your family and friends that have been vaxx with vaccine detox, & how the Unvaxxed can prevent spike protein infection from the jabbed.

Free with ANR Subscription from $8

Download the Full PDF - THE COVID-19 FRAUD & WAR ON HUMANITY