Bitcoin, Ethereum, XRP prices form risky patterns ahead of triple witching
Portfolio Pulse from
Bitcoin, Ethereum, and XRP are showing bearish technical patterns ahead of the quarterly triple-witching event, which could trigger significant price volatility. The event coincides with ongoing economic uncertainties, including Fed interest rate decisions and concerns about tariffs.
March 21, 2025 | 2:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Potential market volatility could impact Coinbase's trading volumes and stock price, given the bearish technical patterns in major cryptocurrencies.
As a major crypto exchange, Coinbase's performance is directly tied to cryptocurrency market movements. The bearish technical patterns in BTC, ETH, and XRP suggest potential market downturn, which could reduce trading activity and impact Coinbase's revenue.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
XRP has formed a head and shoulders pattern, suggesting potential price decline to $1 despite the recent SEC case resolution.
The head and shoulders pattern indicates a potential bearish trend. Failure to break above the shoulder level at $3 and a potential breakdown below the $1.93 neckline could drive the price towards $1.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100