Bitcoin price could drop all the way to $52,000 where many bulls wait to interact with BTC. Ethereum price consolidation in a falling wedge could send ETH to $3,750 as bulls defend $2,900 level. Ripple price eyes 5% correction, a mean reversal that could precipitate a strong move north. Bitcoin price remains range-bound with markets likely to endure a sideways weekend. The outlook is different for altcoins, however, as they try to break off from the BTC cues.
Also Read: Bitcoin price drop extends as SEC delays decision and opens comment period on options trading on spot BTC ETFs Ethereum price’s falling wedge precipitates a bullish reversal Ethereum price is consolidating within a falling wedge pattern, a bullish reversal technical formation that will be executed with a breakout above the upper trendline. With a lot of bullish activity waiting to interact with ETH just above the $2,900 level, Ethereum price could reverse or bounce above this base.
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