Bitcoin Feared to Drop to $13K While Cardano to $0.2, What’s Awaiting for Ethereum Price?
Bitcoin (BTC) Price
Bitcoin price after the recent sell-off has yet again feared to lose a notable amount of value as the US CPI rates are about to be released. During the early trading hours, the BTC price traded sideways as fake rates were been circulated within the space. However, with the new rates assumed to be higher than the previous one, the BTC price is predicted to drop to $13,000 in the coming days.
— The Moon (@TheMoonCarl) July 13, 2022
Th BTC price is holding the lower support for more than 5 years and the fresh price slash has compelled the price to test these levels. Currently, the asset is hovering within a symmetrical triangle in a 4-hr chart and on the verge of breakdown down these levels. Therefore, the analyst believes a drop from here may form new BTC lows at around $13,000 very soon.
Ethereum (ETH) Price
Ethereum, on the other hand, has broken the initial trend line support and also broke the extended support line. No doubt the price is attempting very hard to make up above the tend line, but eventually failing to validate a flip. Therefore, in such cases, the ETH price may be prone to drop hard to hit $900, slicing through the crucial support at $1013.
— Bitcoinsensus (@Bitcoinsensus) July
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