The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Bitcoin Dip or Doom? Analysts Diverge As Crypto Market Plummets $20 Billion – BTC, Ethereum, XRP, Litecoin, Bitcoin Cash Forecasts

by Daily Hodl Staff
July 14, 2019
in Trading

[the_ad id=”36860″]

A growing number of crypto analysts are predicting Bitcoin will continue to slide lower in the coming days – but there’s little agreement on just how low it may go.

Bitcoin is down 6.36% at $10,472 on COIN360 at time of publishing. The rest of the crypto market is down along with BTC, with the market cap of all cryptocurrencies dropping from about $306 billion to $285 billion in less than 24 hours, according to CoinMarketCap.

Source: COIN360

As Bitcoin continues to sink from a high around $13,000 on Wednesday, analyst Josh Rager says today’s close will be key.

[the_ad id=”36860″]

Rager tells his 49,000 Twitter followers that BTC needs to close above $10,577 to prevent a further drop to around $9,500.

https://twitter.com/Josh_Rager/status/1150381578469728258

Fellow analyst DonAlt tells his crew of 112,000 that a fractal analysis, which is used to identify recurring price patterns, shows Bitcoin’s current price action looks similar to the peak of the last Bitcoin bull run, with step six on the chart below indicating “doom” could be on the horizon.

“Let me start this off by saying that I don’t really trade fractals, I just observe them, mostly for fun.

Just noting the fact that current price action looks pretty similar to the last top. Would be ironic if the ’19 top played out the exact same way ’17 did.”

YouTube’s popular crypto analyst Nicholas Merten (aka DataDash) says he also believes BTC will continue to move lower in the next day or two but doesn’t agree with analysts calling for a short-term drop to as low as $7,000.

“I do believe we’re going to have another day or two of correction. Breaching this support level [at $10,800] is pretty significant. I think we could easily come down to test previous support [at $9,700], not to mention $9,000 would be a good target because it was acting as resistance in May…

[the_ad id=”36860″]

Most of the people on TradingView, and some people that I even admire in the sense of technical analysis, a lot of them are calling for an absolutely big sell-off down to $7,000 or $8,000 and they’re having really low price targets.

They think it’s going to be a 45% correction or something like that. I turn towards history here and I know that between a 30% to 40% correction is usually a buy on the exiting of the accumulation phase for Bitcoin.”

Here’s an overview of some of the latest technical analysis on Bitcoin, Ethereum, XRP, Litecoin and Bitcoin Cash.

Bitcoin

NewsBTC – Bitcoin at risk of extended drop to $8,880

FXStreet – Symmetrical triangle in play, focus on Sunday’s close

Ethereum, XRP, Litecoin, Bitcoin Cash

Crypto Daily – Short-term sentiment for ETH/USD remains bearish

FX Empire – Bears take another bite as BCH, XRP and LTC search for support

[the_ad id=”36860″]

[the_ad id="42537"] [the_ad id="42536"]
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • MultiBank Group Confirms MBG Token TGE Set for July 22, 2025
    July 11, 2025
  • PEPESCAPE Launches Crypto Presale, Combining Memecoin Culture With Decentralized Finance Ecosystem
    July 10, 2025
  • Aptos Labs Expands Leadership With New Chief Business Officer
    July 10, 2025
  • Falcon Finance Unlocks Real-World Asset Utility With First Live USDf Mint Using Tokenized Treasuries
    July 10, 2025
  • MBG Token Pre-Sale Set for July 15 – Only Seven Million Tokens Available at $0.35
    July 10, 2025
  • YZi Labs Invests in Aspecta To Pioneer Universal Price Discovery Infra for Trillion Illiquid Assets
    July 10, 2025
  • NovaEx Launches With a Security-First Crypto Trading Platform Offering Deep Liquidity and Institutional-Grade Infrastructure
    July 9, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$117,830.57
$117,830.57
1.22%
Ethereum
$2,969.73
$2,969.73
0.25%
BNB
$695.00
$695.00
0.75%
Solana
$163.85
$163.85
0.66%
XRP
$2.81
$2.81
8.9%

Spotlight

  • Economist Alex Krüger Outlines Three Bullish Catalysts for Bitcoin, Says Upcoming BTC Breakout Will Be ‘Explosive’
    July 4, 2025
  • Crypto Analyst Says Bitcoin Will ‘Leave People in Awe’ Once BTC Breaks Out, Outlines Path Forward for XRP
    July 4, 2025
  • ‘I Don’t See How We’ll Do That’: JPMorgan’s Chief Global Strategist Says White House’s 3% US Economic Growth Projection Unsustainable
    July 4, 2025
  • Fundstrat’s Tom Lee Says Ethereum Should Be ‘Worth a Lot More Money,’ Outlines ETH’s Path to $10,000
    July 4, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl