{"id":29483,"date":"2022-09-19T09:22:02","date_gmt":"2022-09-19T09:22:02","guid":{"rendered":"http:\/\/egrowonline.com\/?p=29483"},"modified":"2022-09-19T09:22:02","modified_gmt":"2022-09-19T09:22:02","slug":"desperate-bulls-face-the-axe-as-btc-pukes-before-25000","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=29483","title":{"rendered":"Desperate bulls face the axe as BTC pukes before $25,000"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>Bitcoin price has crashed to the August month\u2019s low after dropping 9.7% in roughly 24 hours.<\/strong><\/li>\n<li><strong>Ethereum price broke below the $1,355 to $1,440 support area and tagged the $1,280 support level.<\/strong><\/li>\n<li><strong>Ripple price faced another rejection at the $0.381 hurdle, signaling the persistence of sellers at that level.<\/strong><\/li>\n<\/ul>\n<p>Bitcoin price has single-handedly <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/bitcoins-depressing-technical-picture-202209190743\" rel=\"noopener\">crashed<\/a> the entire crypto market as it tumbled below a crucial support level. As of this writing, BTC is still yet to find a stable support level and hatch a recovery plan. Altcoins, including Ethereum and <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/ripple\" rel=\"noopener\">Ripple<\/a>, are already working on bouncing back.<\/p>\n<h2 class=\"fxs_headline_medium\"><strong>Bitcoin price remains indecisive<\/strong><\/h2>\n<p>Bitcoin price has swept the previous weekly low at $18,500 and is very close to collecting the sell-stop liquidity below the June 18 swing low at $17,593. Regardless, the recent sell-off for BTC is an opportunity for patient investors.<\/p>\n<p>Investors can expect BTC to trigger a run-up to $19,405, which is the weekly open. However, a flip of $19,539 could catalyze Bitcoin price to retest the $20,737 hurdle, clearing which could result in a <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/bitcoin-price-prediction-bears-rest-while-bulls-attempt-plan-a-retest-of-25-000-202209171000\" rel=\"noopener\">swift move<\/a> to $25,169.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/BTCUSDTPERP_2022-09-19_13-29-00-637991729076714969.png\" rel=\"noopener\"><img decoding=\"async\" alt=\"BTC\/USD 12-hour chart\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/BTCUSDTPERP_2022-09-19_13-29-00-637991729076714969.png\" style=\"width: 949px;height: 540px\" \/><\/a><\/p>\n<p><small>BTC\/USD 12-hour chart<\/small><\/p>\n<p>On the other hand, if Bitcoin price flips the $18,293 support level into a resistance barrier, it will invalidate the bullish outlook and trigger a crash to $15,550.<\/p>\n<div class=\"youtube_cke fxs_external\">\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"Bitcoin price could skyrocket to $25,000 if these conditions are met\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/Hvd7gCUASRY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div>\n<h3 class=\"fxs_headline_medium\"><strong>Ethereum price ready to recover losses\u00a0<\/strong><\/h3>\n<p><a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/ethereum\" rel=\"noopener\">Ethereum price<\/a> created a string of higher lows since August 29, but after the third swing low at $1,406, the <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/ethereum-price-is-on-a-steep-decline-targeting-1250-heres-what-traders-should-be-aware-of-202209181818\" rel=\"noopener\">sellers took over<\/a>, crashing the altcoin. As a result, ETH dropped 17% in three days, which has sliced through the $1,355 to $1,440 support area.<\/p>\n<p>As Ethereum price currently trades at $1,280, investors can expect ETH to kick-start a recovery rally, provided <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/bitcoin\" rel=\"noopener\">Bitcoin<\/a> price supports the narrative. In such a case, Ethereum price could bounce higher to retest the monthly open at $1,553.\u00a0<\/p>\n<p>Clearing this would push ETH to $1,730, which is a high timeframe resistance level.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/ETHPERP_2022-09-19_13-29-12-637991727854876288.png\" rel=\"noopener\"><img decoding=\"async\" alt=\"ETH\/USD 12-hour chart\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/ETHPERP_2022-09-19_13-29-12-637991727854876288.png\" style=\"width: 949px;height: 540px\" \/><\/a><\/p>\n<p><small>ETH\/USD 12-hour chart<\/small><\/p>\n<p>While things are looking bearish at the moment, the recent drop in Ethereum price could be a good level to accumulate, especially when looking at it from a long-term perspective. However, if ETH produces a daily candlestick close below $1,280, it will invalidate the bullish outlook and potentially crash to $1,080.<\/p>\n<div class=\"youtube_cke fxs_external\">\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"Ethereum price to $1,280 unless these levels are recovered\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/0o1u-OFBjTw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div>\n<h3 class=\"fxs_headline_medium\"><strong>Ripple price back to the pavilion<\/strong><\/h3>\n<p>Ripple price retested the $0.381 resistance level <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/ripple-sec-case-heads-for-conclusion-after-summary-judgment-filed-202209190358\" rel=\"noopener\">after a 20% rally<\/a>, but the sellers at this level, combined with the deteriorating market structure, pushed the XRP price lower. As a result, holders experienced an 11% drawdown to where the remittance token currently trades at $0.340.<\/p>\n<p>Going forward, investors can expect XRP price to stabilize between the $0.331 to $0.360 barrier. Forming a base here will serve as a launch for the next leg-up that will attempt to break the $0.381 ceiling.<\/p>\n<p>Doing this will allow Ripple price to aim for the $0.439 resistance level.\u00a0<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/XRPPERP_2022-09-19_12-51-37-637991728079219186.png\" rel=\"noopener\"><img decoding=\"async\" alt=\"XRP\/USD 12-hour chart\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/XRPPERP_2022-09-19_12-51-37-637991728079219186.png\" style=\"width: 949px;height: 540px\" \/><\/a><\/p>\n<p><small>XRP\/USD 12-hour chart<\/small><\/p>\n<p>However, if Ripple price breaks below the $0.331 support floor and flips it into a resistance level, it will invalidate the bullish thesis. This development could see XRP price revisit the $.0309 barrier.\u00a0<\/p>\n<div class=\"youtube_cke fxs_external\">\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"XRP price coils up for an explosive move to $0.63, but here&#039;s what the fine print reads\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/Lb7CuKMRurc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/top-3-price-prediction-bitcoin-ethereum-ripple-desperate-bulls-face-the-axe-as-btc-pukes-before-25-000-202209190830\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price has crashed to the August month\u2019s low after dropping 9.7% in roughly 24 hours. Ethereum price broke below the $1,355 to $1,440 support area and tagged the $1,280 support level. Ripple price faced another rejection at the $0.381 hurdle, signaling the persistence of sellers at that level. Bitcoin price has single-handedly crashed the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18667,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[45],"tags":[11274,194,211,11273,1510,11275],"class_list":["post-29483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-axe","tag-btc","tag-bulls","tag-desperate","tag-face","tag-pukes"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/06\/bitcoin_3_Large.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/29483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29483"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/29483\/revisions"}],"predecessor-version":[{"id":29484,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/29483\/revisions\/29484"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/18667"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29483"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}