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May 16, 2019

Crypto Analyst Says Bitcoin Poised for Major Drop – BTC, XRP, Ethereum, Litecoin, Bitcoin Cash, EOS, Binance Coin, Stellar, Cardano, Tron Forecasts

By Daily Hodl Staff

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An influential crypto analyst says Bitcoin has likely hit a short-term top at about $8,400, and predicts a big drop is on the horizon.

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Filb Filb is telling his followers on Twitter and TradingView that due to a number of technical indicators including decreasing volume, he believes a pullback will bring the price of BTC back down to about $5,200, giving investors the “last great buying opportunity.”

Filb Filb is also checking for “9.2k on a break of the highs” and is “entirely happy” if wrong about the dip, encouraging traders to “do your own research.”

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Right now, Bitcoin is down 2.24% at $7,915 according to Coin360. Ethereum is up 8.4% at $262.51, and XRP is down 3.9% at $0.4201.

Source: Coin360

Across the board, technical analysts are watching for a potential drop in the price of Bitcoin while monitoring support levels for alts.

Bitcoin

CoinDeskBitcoin faces price correction toward $7.6K, technical charts suggest

FXStreetSell-off may gain traction with the next aim at $7,875

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NewsBTCBitcoin price correcting gains, key supports nearby

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Ethereum

CoinspeakerETH/USD penetrated $258 resistance level, targets $275

Ethereum World News Ethereum price starts crucial uptrend versus Bitcoin

XRP

NewsBTCDips well supported near $0.4540 and $0.4400 in the near term

FXStreetXRP off from the recent high, more sell-off in store

Litecoin

Live Bitcoin News Strong rally above $100 calls for $120

FXStreet LTC/USD rebounds after stormy night

Bitcoin Cash, EOS, Binance Coin, Stellar, Cardano, Tron

Cointelegraph Alts look for momentum: BTC, ETH, XRP, BCH, LTC, EOS, BNB, XLM, ADA, TRX Analysis 

NewsBTC Altcoins want to party: BCH, XLM, EOS, TRX Analysis

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