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Crypto De Nostradame
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BullishBitcoin, ETH, XRP Price Prediction: Trump Tariffs Could Trigger a Drop to These Levels!
US President Donald Trump will implement bilateral tariffs starting April 2. This is triggering fears of an economic slowdown and fueling a broader risk aversion in global markets. Therefore, tensions are also rising in the crypto market. According to experienced technical analyst Yashu Gola, the technical outlook for #Bitcoin (BTC), #Ethereum (ETH), and $XRP shows the potential for deeper declines.
The Bitcoin (BTC) price has slipped from the ‘bear flag’ formation after its recent correction from year-to-date highs. $BTC is currently trading around $81,830. Thus, confirming a break below the multi-week upward channel. This setup comes after a sharp downward move in early March and resembles a classic continuation structure.
Technically, the height of the initial decline, when reflected from the breakout point, gives a downside target around $73,000. Momentum indicators are providing early warnings. The daily RSI is hovering around 40.89, suggesting that bullish momentum is waning.
Ethereum (ETH) has also fallen below a key support structure, an ascending triangle, which formed throughout March. Typically a bullish formation, the triangle failed to break out to the upside and instead resolved below the ascending trendline. At the time of writing, $ETH is trading down about 0.4% on the day at $1,799.
The breakout opens the door to a move toward $1,690, which is derived from the formation’s high. The RSI has fallen to 33.79, approaching oversold territory, but it is still showing no signs of bullish divergence. The decreasing buying volume, which failed to support the uptrend throughout March, is adding to the downward pressure. A failed retest of the $2,000 level could confirm that #ETH is in a bearish trend in the coming weeks.
US President Donald Trump will implement bilateral tariffs starting April 2. This is triggering fears of an economic slowdown and fueling a broader risk aversion in global markets. Therefore, tensions are also rising in the crypto market. According to experienced technical analyst Yashu Gola, the technical outlook for #Bitcoin (BTC), #Ethereum (ETH), and $XRP shows the potential for deeper declines.
The Bitcoin (BTC) price has slipped from the ‘bear flag’ formation after its recent correction from year-to-date highs. $BTC is currently trading around $81,830. Thus, confirming a break below the multi-week upward channel. This setup comes after a sharp downward move in early March and resembles a classic continuation structure.
Technically, the height of the initial decline, when reflected from the breakout point, gives a downside target around $73,000. Momentum indicators are providing early warnings. The daily RSI is hovering around 40.89, suggesting that bullish momentum is waning.
Ethereum (ETH) has also fallen below a key support structure, an ascending triangle, which formed throughout March. Typically a bullish formation, the triangle failed to break out to the upside and instead resolved below the ascending trendline. At the time of writing, $ETH is trading down about 0.4% on the day at $1,799.
The breakout opens the door to a move toward $1,690, which is derived from the formation’s high. The RSI has fallen to 33.79, approaching oversold territory, but it is still showing no signs of bullish divergence. The decreasing buying volume, which failed to support the uptrend throughout March, is adding to the downward pressure. A failed retest of the $2,000 level could confirm that #ETH is in a bearish trend in the coming weeks.
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