The cryptomarkt was confronted today with the wrath of geopolitical tensions and monetary policy. The recent Israel-Iran War News has led to the market capitalization of the company falling by 2.51% to $ 3.37 trillion. This number in number was catalyzed by $ 1.14 billion in liquidations. In the midst of this decline, the top cryptos, namely Bitcoin, Ethereum and XRP prices, have taken a considerable hit. In this price analysis I will lead you through the plausible future of these cryptocurrencies.
Bitcoin (BTC) Price analysis:
Bitcoin is currently priced at $ 104,777.84, a decrease of 2.79% in the day. With a huge increase of 24-hour volume by 28.85% to $ 69.67 billion, the rising sales volume indicates a liquidation-induced liquidation.
The daily graph shared by me emphasizes that the RSI is floating to 48.85, which indicates decreasing bullish momentum. The price is slipped under the 20-day SMA at $ 106.454 and a rejection of the middle bollinger band confirms the dominance of bears. The support zone for $ 101,909 is crucial. If it is broken, I believe that BTC price could fall on the psychological sign of $ 100,000, which also matches the Lower Bollinger Band.
That said, for a remarkable rebound, XRP has to recover the 20-day SMA and push to $ 2,3496, but the current structure leans bearish.
If you are an XRP Hodler, you should not miss our Ripple XRP price forecast 2025, 2026-2030!
FAQs
Yes, if the market sentiment deteriorates and the support of $ 101,909 failed, the BTC price can review the psychological level of $ 100k.
If ETH breaks under $ 2,336, it can slide further to $ 2,200, especially if a wider market feeling deteriorates.
Not yet. With the RSI under 45 and the price that an important support approaches for $ 1.96, it is better to wait for confirmation of reversal before you buy.