RATE Group | Where Bitcoin, Ethereum, & Ripple Go Next After This Vicious Sell-Off
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Where Bitcoin, Ethereum, & Ripple Go Next After This Vicious Sell-Off

24 Jul Where Bitcoin, Ethereum, & Ripple Go Next After This Vicious Sell-Off

Posted at 18:20h in Ethereum News by

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After opening the week on reasonably stable ground, major cryptocurrencies including Bitcoin, Ethereum, and Ripple endured painful sell-offs on Wednesday that thrust them below key levels.

However, technical indicators suggest that the worst might be over for the crypto market. But only if BTC, ETH, and XRP secure important short-term milestones.

How the Bitcoin Price Could Recover Back to $11,000

The Bitcoin price has been struggling to secure credible support for two weeks, ever since it slid below the $13,000 mark.

The war of supply and demand is playing out in BTC markets, and the bears have successfully forced the largest cryptocurrency closer to critical support areas.

The break below $10,000 brought $9,000 (July lows) back into play, but a weekly low formed at $9,595 (Coinbase) serves as immediate support and a possible bottom.

bitcoin price analysis
After finding short-term support above $9,500, momentum is building towards $10,000. | Source: TradingView

Bitcoin trades at $9,743 at the time of…

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