Fundstrat strategist Robert Sluymer says Bitcoin and crypto are in a “weak technical position” and “on track to retest their fourth-quarter lows.” As reported by Bloomberg, Sluymer wrote a note to clients saying a custom market indicator shows altcoins are most at risk.
Bitcoin is currently down 0.62% at $3,387 in a mixed market, according to the crypto price aggregator Coin360.
Here’s a look at some of the latest technical analysis on Bitcoin, XRP and Ethereum, which shows a move to the downside may be in store.
Bitcoin
Bloomberg – Fundstrat says crypto space may be in for a new round of pain
NewsBTC – BTC could make a sustained move lower
Live Bitcoin News – BTC primed to test $3,000 or $2,800
Ethereum World News – Short-term Bitcoin pullback setup [the_ad_group id=”50530251″] [the_ad_group id=”50530250″]
XRP
Invest in Blockchain – XRP breaks below $0.30 and reaches support at $0.2924 — can the bulls hold this support?
Blockonomi – Bearish continuation for XRP below $0.2900
FXStreet – XRP/USD here come the bears, a wave could be coming
Ethereum
ETHNews – Ether could tumble below $100
FXStreet – ETH/USD bears force key daily ascending trend line support
Trading View / Botje11 – ETH in danger zone, H&S and Triangle
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