
Bitcoin Drops 7%, BTC Bears Targeting A Retest of $25k?
Bitcoin prices are under pressure despite record hash rate and difficulty. Dropping prices expected in days ahead may impact miners.
Crypto Economy section, we will publish every week the technical price analysis of Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and other cryptocurrencies.
These analyzes are prepared by our specialists based on the evolution of the markets.
A technical price analysis provides excellent and useful information that can help us know when is the best time to make movements in our investments or when it is not a good time to operate.
But we must not only take this information into account, the monitoring of the prices of a cryptocurrency must be accompanied by an investigation into the latest news related to it.
So we can get an idea about whether the price increase or decrease has occurred due to an event related to the project or if it could be a market manipulation, etc.
Bitcoin prices are under pressure despite record hash rate and difficulty. Dropping prices expected in days ahead may impact miners.
Ethereum prices are cooling off but this comes after an impressive surge above $2,000 which saw the coin rally 50% in 5 weeks from mid-March.
Cardano is one of the top performing assets, rallying over 50% in 5 weeks. In a bullish breakout, there could be more gains ahead for ADA.
Bitcoin buyers are in control and may surge to $32k, or better, in sessions ahead as inflation continues dropping in the United States.
Ethereum prices are lower at spot rates but the Shanghai upgrade may provide tailwinds for optimistic ETH buyers targeting $2,000.
Avalanche prices are struggling to push higher despite the recent Cortina upgrade. AVAX resistance remains at $18.
Bitcoin prices remain in a rising channel with subdued price action, looking at the BTC daily chart. Still, the uptrend is firm.
Ethereum buyers have the upper hand, pressing on as traders target $2,000 ahead of the Shanghai upgrade in mid-April.
Ripple prices might have contracted from recent peaks but the uptrend remains and XRP might close above $0.58.
Bitcoin prices retraced from $29k after a 75% surge in Q1 2023. The BTC uptrend remains even though prices remain inside a rising channel.
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