TOP 3 PRICE PREDICTION BITCOIN, ETHEREUM, RIPPLE:
BTC as low as 60K would still be a good buying opportunity
Bitcoin price could extend the fall to $60,000 without invalidating the bullish thesis. Ethereum price could drop 10% if BTC weakness prevails Ripple price could drop 7% to 50.5/40 before the next leg up. Bitcoin (BIC) price has crashed, and with it, altcoins have followed in a cascade of dumps that has seen over $530 million in total liquidations across the cryptocurrency market. However, the thesis remains bullish, with the current correction likely a good buying opportunity for late bulls before the next move north.
Also Read: Over $530 million in crypto positions forcibly closed as Bitcoin price dips on Friday Is $60,000 the next level as Bitcoin price dumps?
Bitcoin price remains
below the $69,000 threshold, which had capped the upside potential for BTC since November 2021. Technicals suggest a continuation of the fall, amid a nose-diving Relative Strength Index (RSI), which suggests momentum is falling.
The histogram bars of the Awesome Oscillator (AO) are flashing green, a sign of the bears' having a strong presence in the BTC market. Additionally, the volume indicator is showing large red bars, showing the downtrend is gaining strength. Bitcoin price could extend the fall, which means investors could still have an opportunity to buy lower before a strong move north ahead of the BTC halving. One trader and analyst on X, @Cryptomanran, indicates, "A 20% or 30% dip would be completely normal and healthy in a bull market, especially a month before the halving." Nevertheless, investors are encouraged to conduct their own research. In a dire case, however, Bitcoin price could slip below the $60,000 psychological level for a liquidity grab of the March 5 low of around $59,005. BTC/USDT 1-day chart On the other hand, if the bulls act now, buying BTC at current levels, Bitcoin price around $59,005: BTC/USDT 1-day chart On the other hand, if the bulls act now, buying BTC at current levels, Bitcoin price could recover. To confirm the uptrend,
$BTC