Bitcoin (BTC) $95,362.8 Today it dropped to $95,000 and has been lingering there for hours. Upstream attempts failed. So what is the current situation for SOL and ETH? Losses were greater for altcoin investors today. Experienced investors know that there will be no continuous rise. So what are the current predictions?
Bitcoin (BTC)
There was a liquidation of $279 million in the last 24 hours, of which $221 million represented long transactions. While liquidations increased by 13 percent compared to yesterday, open positions were at 115 billion dollars and decreased by only 0.88%. UXLINK, MOVE Significant liquidations were seen in altcoins such as.
Although BTC was stalled at $96,500 at the time of writing, it could not maintain this level after many attempts. It is possible that BTC will test six-digit levels again in the coming hours, because why shouldn’t volatility increase even more when the US markets are opened before the end of the week?
The analyst nicknamed Contra shared the chart above and wrote the following a few hours ago:
“I am not very interested in trading during this fragmentation period. 100 thousand dollars is the key level for the continuation of the rise and it has not been reclaimed yet. Things get interesting below $90k, which would imply a 20% correction from the highs. “It seems risky in the short term, but my upward expectation continues in the medium and long term.”
If there is a larger decline before the end of the year, BTC may drop to $86,000.
Solana (SOL) and Ethereum (ETH)
SOL Coin It is stalling at $190 and ETH is below $3,400. The fact that hard-won key levels were lost so easily is now pushing the limits of patience of investors who have been waiting for a return for more than 2 years. Sharing the chart below at the time the article was being prepared, Altcoin Sherpa wrote:
“I would love to see the SOL fluctuate a bit and form a bottom around here. Yet SOL Coin It’s not time for that. Not a very good emergency buy; I wouldn’t really push it.”
Drawing attention to the risk of testing the $170 levels, the analyst implies that these levels can be waited for buying.
We shared the chart above today and the symmetrical triangle was broken downwards. If there is no surprise comeback, ETH price may drop to Carl’s target of $2,920. Of course, technical analysis is not a sphere that shows the future.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
