🚨🚨💣 Crypto Crisis: Bitcoin, Ethereum, and Ripple Face Key Resistance Levels! 🚨📉
➡️🚨 Crypto Market Analysis: Bitcoin, Ethereum, and Ripple Face Key Resistance Levels 🚨
➡️Bitcoin’s Battle with $60,000 Resistance
Bitcoin is struggling to break past the $62,000 resistance level. After several failed attempts to push below the 61.8% Fibonacci retracement level at $62,066, Bitcoin is currently trading at $58,564, down 0.3%. If Bitcoin cannot overcome the $62k barrier, we may see a significant drop of up to 19%, potentially testing support at $49k. Conversely, a rise above $65,596 could signal new highs, possibly reaching $69,648.
➡️Ethereum’s Downward Pressure Intensifies
Ethereum, which was trading at $2,537, has hit resistance at $2,843 after failing to break this crucial level. A potential decline of 25% could see Ethereum testing support at $2,118 if it fails to push higher. Current bearish indicators, including the RSI and AO falling below neutral levels, suggest a continued downward trend unless Ethereum closes above $3,396, which could see it rise to $3,562.
➡️Ripple’s Struggle at $0.544
Ripple’s price faced resistance at $1 on August 8th, leading to a 10% drop over three days. Currently at $0.56, if Ripple fails to maintain the $0.544 mark, it could extend its decline towards $0.492. A move above $0.643 could signal a bullish shift, with potential gains reaching $0.724.
Overall, Bitcoin, Ethereum, and Ripple are experiencing losses and face critical resistance levels, suggesting potential declines in the coming days if these levels hold. 🚀📉
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