Watch 6830.
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Pivot (invalidation): 7155
Our preference
Short positions below 7155 with targets at 6830 & 6635 in extension.
Alternative scenario
Above 7155 look for further upside with 7350 & 7535 as targets.
Comment
A break below 6830 would trigger a drop towards 6635.
Author
Swissquote Bank Research Team
Swissquote Bank Ltd
Atlas Capital CEO Reza Bandi stated that the crypto industry's next major growth phase will be driven by the tokenization of real-world assets rather than speculative trading. In an interview with FXStreet, Bandi identified three factors supporting the expansion of tokenization.
Bitcoin, Ethereum, and Ripple remain under pressure mid-week, as the broader cryptocurrency market struggles to regain recovery momentum. BTC struggles below $62,000, ETH continues to weaken below $1,650, while XRP’s momentum indicators remain biased toward further downside.
The broader cryptocurrency market is under pressure with Bitcoin slipping below $62,000 amid the US launching its third wave of strikes on Iran. Hyperliquid and DeXe are leading losses over the last 24 hours, risking the prevailing upward trend.
