Crypto Market Prediction: Heres Where BTC, ETH, & XRP Price Heading This Week
Bitcoin crypto Ethereum Crypto Market Prediction: Heres Where BTC, ETH, & XRP Price Heading This Week Balita ng Ethereum ng Bitcoin Ending the week before on a bullish note with a 5.48% jump, the trendline breakout anticipation for Bitcoin this week was extremely high. Proving otherwise, the biggest cryptocurrency, Bitcoin struggles to sustain the trend momentum. With a bullish start for the week, the 2.57% immediately crossed the 50 and 200-day EMA. The uptrend resurfaces above the $27,000 mark to challenge the overhead trendline. This short-term resistance trendline has been a crucial supply inflow spot for the past few months. Overpowering the recovery rally in Bitcoin price easily, the resistance trendline prevails. The reversal in BTC price from the trendline creates an evening star pattern with a 2.08% fall on Thursday. In the larger trend, the downtrend continues with lower high formations, and the death cross becomes a sigil of a bear trend in motion. Meanwhile, the MACD and RSI indicators show a rise in bearish sentiment as the uptrend shifts sideways gradually. With such a sharp decline as the week concludes, Bitcoin may struggle to absorb the supply influx. Therefore, the technical viewpoint remains bearish. Nevertheless, the upcoming Bitcoin ETF decision in October may unlock a hopium