Crypto Analyst Spots Bad Sign for Bitcoin Bulls – Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash, Stellar, EOS, Tron Forecasts

By Daily Hodl Staff

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As the week kicks off, the crypto market is mostly flashing red with Bitcoin down 1.39% at $10,298.

Ethereum is down 1.6% at $216.81, XRP is down 1.31% at $0.3210 and Litecoin is down 3.66% at $94.12 according to COIN360.

Source: COIN360

Crypto analyst and economist Alex Krüger says traders should welcome Bitcoin’s current pullback, noting that the faster and sharper Bitcoin rises, the higher the danger of an imminent crash.

In the short term, analyst Josh Rager says BTC is looking primed to dip below $10,000, noting that previous support on the one-hour chart has turned to resistance.

CoinDesk analyst Omkar Godbole is on the same page and says Bitcoin needs to cross $11,080 to break the current trend.

Bitcoin

CoinDesk – Key indicators on short-duration charts biased for fall below $10,000

NewsBTC – Bitcoin could retest key support before fresh increase

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Ethereum

FXStreet – ETH/USD bulls gather breath before another assault at $230

XRP

Blockonomi – XRP holding uptrend support, can it continue higher?

Litecoin

FX Empire – Late LTC pullback limiting the upside on the day

Bitcoin Cash, Stellar, EOS, Tron