Bitcoin Price Prediction: Is the crypto bottom here? - Aliens: AI Crypto News & Markets Updates












Bitcoin Price Prediction: Is the crypto bottom here?

FX Street

Thu, Jun 23, 2022


Aliens TLDR

Bitcoin price slips below weekly open, suggesting the possibility of a 10% downswing to $17,924.

Ethereum price will follow BTC’s and retest the $993 support level.

UPDATE: Bitcoin price predictions are torn between those who forecast a potential bottom for cryptocurrencies and BTC, and the ones – like billionaire investor Mark Mobius – that see the current consolidation just above the psychological $20,000 level as a stop for the bears before they keep marching towards new lows.

That also has turned XRP price predictions a bit more optimistic, as the Ripple token trades in the thinnest range.

Live Dashboard June 23, 2022 Bitcoin price shows signs of exhaustion as it reverses the bullish trend seen over the past three days.

Bitcoin price climbed past the weekly open at $20,535 and swept Monday’s high at $21,068 on June 22.

BTC/USD 4-hour chart On the other hand, if Bitcoin price produces a higher high above the June 21 swing high at $21,705 and stabilizes above $21,068, it will invalidate the bearish outlook.

Ethereum price rallied 35% between June 19 and June 22 and set a swing high at $1,192.

This retracement is likely to further drive Ethereum price lower, at least until it revisits the $993 support level.

ETH/USD 4-hour chart If Ethereum price produces a four-hour candlestick close below $993 without any signs of a quick recovery, however, it will invalidate the bullish thesis.

Ripple price has faced the $0.336 hurdle three times since June 13.

This downswing will likely continue until XRP price encounters the $0.306 support floor.

If Ripple price manages to flip the $0.336 barrier, XRP might revisit the $0.401 hurdle after a 19% upswing .

XRP/USD 4-hour chart While things are looking cautiously optimistic for Ripple price, a four-hour candlestick close below $0.306 will invalidate the recent upswing to $0.336.

FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use.

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