Can one expect a reversal of the crypto market soon and a continued rise?

Denys Serhiichuk U.Today

By the end of the week, the cryptocurrency market keeps facing a bearish influence as all top 10 coins are in the red zone.

Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) has lost the least with a price drop of 8.59% over the last day.

BTC/USD chart by TradingView

Bitcoin (BTC) could not keep trading above $40,000, having confirmed a mid-term bearish trend. However, the selling trading volume is going down, which means that a bounceback to the area around $45,000 might still happen.

In addition, most of the liquidity is focused at that level.

Bitcoin is trading at $35,363 at press time.

ETH/USD

Ethereum (ETH) is more of a loser than Bitcoin (BTC) as the chief altcoin has lost 11% of its price share.

ETH/USD chart by TradingView

Ethereum (ETH) might show a similar price action as Bitcoin (BTC) after it has successfully bounced off the support zone. If buyers can keep ETH trading at $2,100, there are chances that the mirror level at $2,600 can be attained by the end of the upcoming week.

Ethereum is trading at $2,136 at press time.

XRP/USD

XRP is not an exception to the rule, and the price of the altcoin has gone down by 15%.

XRP/USD chart by TradingView

According to the daily chart, XRP might not have finished its fall. The altcoin is moving to the MA 200 that refers to the support at $0.65. There are chances that a bounceback may happen from that level.

XRP is trading at $0.795 at press time.

LTC/USD

Litecoin (LTC) has fallen the most today as the price drop has accounted for 16.80%.

LTC/USD chart by TradingView

After a false breakout of the $148 zone, the rate of the "digital silver" has come back to the support zone and seems ready to break out. If that happens, the next area where buyers might again seize the initiative is the $124 mark.

Litecoin is trading at $146.62 at press time.

Read full original article on U.Today

Author

Denys Serhiichuk

U.Today

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis.

Why altcoin season isn't coming back — and what stole its capital

If, after two years of being frozen in ice, Katara and Sokka woke you up to the crypto market, it would seem like 100 years have passed. With Bitcoin soaring to record highs just over a year ago, everyone expected a routine altcoin season, where investors take profits from the top crypto to chase higher returns in altcoins.

Bitcoin Weekly Forecast: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin recovers, trading above $78,000 on Friday, but the 50-week SMA near $78,760 continues to cap its upside. A hawkish Fed outlook, escalating Middle East tensions, and the CLARITY Act's failure to advance in the US Senate could limit BTC upside.

Why Bitcoin's over 30% rebound doesn't mean the bear market cycle is done

BTC has staged a strong recovery after falling to a yearly low of $57,800 in July, gaining nearly 33% and recording two consecutive months of gains in July and August. Is this the start of a new bullish phase, or simply another recovery within a broader bear-market cycle?

Crypto Today: Bitcoin, Ethereum, XRP eye short-term breakout as bulls return

Bitcoin trades higher near $78,000 on Friday as bulls return after early-week macro uncertainty and regulatory headwinds. Ethereum aligns with the broader crypto market’s neutral-to-bullish outlook, holding support above $2,400 and gaining momentum for a short-term breakout at $2,500.

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin (BTC) price action has remained resilient this week, trading above $78,000 at the time of writing on Friday, heading toward a key resistance zone. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) on track for a second straight week of outflows, with over $420 million recorded through Thursday amid escalating Middle East tensions.

Can one expect a reversal of the crypto market soon and a continued rise?