Bitcoin, Ethereum Could See Sharp Downturns If These Key Levels Are Not Maintained: Crypto Trader
Portfolio Pulse from Mehab Qureshi
Crypto trader Crypto Tony shared a bearish outlook for Bitcoin (BTC) and Ethereum (ETH), predicting potential drops if they fail to maintain key levels. BTC could hover around $26,000-$25,000 if it remains below $27,500, while ETH could reach a minimum low of $1,700.
May 31, 2023 | 12:50 pm
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Crypto Tony predicts a bearish outlook for Bitcoin, with potential drops to $26,000-$25,000 if it fails to maintain the $27,500 level.
Crypto Tony's prediction of a bearish outlook for Bitcoin is based on the recent loss of the support zone and the potential for the price to hover around $26,000-$25,000 if it remains below $27,500. This could lead to a short-term negative impact on the price of Bitcoin.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Crypto Tony predicts a bearish outlook for Ethereum, with a potential drop to a minimum low of $1,700 if it fails to maintain the $1,890 level.
Crypto Tony's prediction of a bearish outlook for Ethereum is based on the recent rejection and closing below the support zone, with a potential drop to a minimum low of $1,700 if it fails to maintain the $1,890 level. This could lead to a short-term negative impact on the price of Ethereum.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100