{"id":962,"date":"2021-12-06T11:40:39","date_gmt":"2021-12-06T11:40:39","guid":{"rendered":"http:\/\/egrowonline.com\/?p=962"},"modified":"2021-12-06T11:40:39","modified_gmt":"2021-12-06T11:40:39","slug":"crypto-markets-set-to-recover-after-recent-flash-crash","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=962","title":{"rendered":"Crypto markets set to recover after recent flash crash"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>Bitcoin price recovery is in effect and suggests it could extend up to $53,687.<\/strong><\/li>\n<li><strong>Ethereum price eyes retest of $4,500 and $4,660 as markets recovery after December 4 flash crash.<\/strong><\/li>\n<li><strong>Ripple price locks in on the $1 psychological level as it hovers around $0.688.<\/strong><\/li>\n<\/ul>\n<p>Bitcoin price is currently consolidating after a minor recovery from the <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/is-bitcoin-oversold-202112060757\" rel=\"noopener\">brutal sell-off<\/a> on December 4. The recent uptick in buying pressure has pushed BTC higher, and altcoins have followed suit. Going forward, investors can expect Ethereum, Ripple and others to continue heading higher.<\/p>\n<h3 class=\"fxs_headline_medium\"><strong>Bitcoin price vies to climb<\/strong><\/h3>\n<p>Bitcoin price <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/first-mover-asia-bitcoin-altcoins-regain-ground-after-early-weekend-spiral-trading-volume-levels-off-after-an-intense-saturday-202112060016\" rel=\"noopener\">dropped<\/a> from roughly $57,000 to nearly $40,000 less than a day, starting December 4. This flash crash pulled the entire market down, causing liquidations across the board. However, investors were quick to buy the dip, leading to quick recovery to $46,700.\u00a0<\/p>\n<p>While this short-term uptick is currently stabilizing around $49,010, investors can expect a further climb in BTC price to the first critical hurdle at $53,687. This move would constitute a 10% upswing.<\/p>\n<p>Beyond which are a lot of underwater investors, with a majority of them hovering around the $60,000 psychological level. Therefore, the upside for BTC remains capped at roughly $53,000.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/BTCPERP_2021-12-06_08-59-24-637743777040050852.png\" rel=\"noopener\"><img decoding=\"async\" alt=\"BTC\/USD 4-hour chart\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/BTCPERP_2021-12-06_08-59-24-637743777040050852.png\" style=\"width: 951px; height: 540px;\"\/><\/a><\/p>\n<p><small>BTC\/USD 4-hour chart<\/small><\/p>\n<p>If Bitcoin price fails to produce a higher high above $48,950 and makes a run for the $50,000 psychological level or higher, it will indicate that the buyers are exhausted. In this case, if the big crypto produces a lower low below $46,698, market participants can expect the Bitcoin price to retest $40,867.<\/p>\n<p>A breakdown of this barrier will invalidate the bullish thesis.<\/p>\n<div class=\"youtube_cke fxs_external\">\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"Bitcoin bounces back after crashing to $42,000\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/Jvxfuwr5tB8?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 holds up<\/strong><\/h3>\n<p>Ethereum price sliced through the $4,000 psychological level and retested the $3,400 barrier. Due to the quick <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/ethereum-price-outperforms-bitcoin-as-eth-reaches-3-year-high-against-btc-202112060525\" rel=\"noopener\">buying pressure<\/a>, ETH recovered to $3,890 and is currently trading at $4,170. Investors can expect the smart contract token to continue its upswing toward the $4,500 hurdle after a 6% ascent.<\/p>\n<p>In some cases, Ethereum price could extend to retest the $4,659 resistance level, representing a 12% climb from the current position.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/ETHUSDT_2021-12-06_08-54-15-637743777236365925.png\" rel=\"noopener\"><img decoding=\"async\" alt=\"ETH\/USD 4-hour chart\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/ETHUSDT_2021-12-06_08-54-15-637743777236365925.png\" style=\"width: 951px; height: 540px;\"\/><\/a><\/p>\n<p><small>ETH\/USD 4-hour chart<\/small><\/p>\n<p>While things are looking up for Ethereum price, a breakdown of the $3,890 support level will trigger a 12% crash to $3,400. A lower low below this foothold will invalidate the optimistic narrative for Ether.<\/p>\n<div class=\"youtube_cke fxs_external\">\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"Ethereum remains bullish despite crash to $3,400\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/0rgOeWTxdUk?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 struggles below vital barriers<\/strong><\/h3>\n<p>Ripple price sliced straight through the $1 psychological level and produced a swing low at $0.583 as the <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\" rel=\"noopener\">cryptocurrency<\/a> markets took a dive on December 4. While this initial downswing was steep, recovery is currently in progress.\u00a0<\/p>\n<p>So far, XRP price has climbed to $0.789 and eyes to keep this going. Investors can expect the remittance token to <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/xrp-must-break-120-to-regain-bullish-momentum-202112052240\" rel=\"noopener\">rally at least 30%<\/a> before it retests the $1 psychological level and heads to collect the liquidity resting above the immediate resistance barrier at $1.03.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/XRPPERP_2021-12-06_08-59-36-637743777406778440.png\" rel=\"noopener\"><img decoding=\"async\" alt=\"XRP\/USD 12-hour chart\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/XRPPERP_2021-12-06_08-59-36-637743777406778440.png\" style=\"width: 949px; height: 540px;\"\/><\/a><\/p>\n<p><small>XRP\/USD 12-hour chart<\/small><\/p>\n<p>On the contrary, if Bitcoin price fails to rally and proceeds to crash again, investors can expect <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/ripple\" rel=\"noopener\">Ripple<\/a> price to follow suit. In this situation, the XRP price could revisit the $0.688 support level. However, a breakdown of the $0.613 demand barrier will create a lower low and invalidate the bullish thesis.<\/p>\n<div class=\"youtube_cke fxs_external\">\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"XRP must break $1.20 to regain bullish momentum\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/kYmvrZBd34Q?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-crypto-markets-set-to-recover-after-recent-flash-crash-202112060859\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price recovery is in effect and suggests it could extend up to $53,687. Ethereum price eyes retest of $4,500 and $4,660 as markets recovery after December 4 flash crash. Ripple price locks in on the $1 psychological level as it hovers around $0.688. Bitcoin price is currently consolidating after a minor recovery from the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":963,"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":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[45],"tags":[1000,62,999,89,998,423],"class_list":["post-962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-crash","tag-crypto","tag-flash","tag-markets","tag-recover","tag-set"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2021\/12\/bitcoins-52602600_Large.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/962","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=962"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/962\/revisions"}],"predecessor-version":[{"id":964,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/962\/revisions\/964"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/963"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=962"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}