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Bitcoin Price Crashes Hard—Is The Selloff Just Getting Started?

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Bitcoin price started a fresh decline below the $83,500 zone. BTC is consolidating losses and might start another decline below the $80,000 level.

  • Bitcoin started a fresh decline below the $82,000 zone.
  • The price is trading below $81,200 and the 100 hourly Simple moving average.
  • There was a break below a connecting bullish trend line with support at $83,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could start another increase if it clears the $80,500 zone.

Bitcoin Price Dips Below Support

Bitcoin price failed to settle above the $83,500 level and started a fresh decline. BTC traded below the $83,000 ad $82,000 levels to enter a bearish zone.

There was a break below a connecting bullish trend line with support at $83,000 on the hourly chart of the BTC/USD pair. The pair even dived below the $80,000 support zone. A low was formed at $77,057 and the price started a recovery wave.

There was a move above the $78,800 level. The price climbed above the 23.6% Fib retracement level of the recent decline from the $83,680 swing high to the $77,057 low. However, the price is struggling to continue higher.

Bitcoin price is now trading below $81,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $80,000 level. The first key resistance is near the $80,500 level or the 50% Fib retracement level of the recent decline from the $83,680 swing high to the $77,057 low.

Bitcoin Price
Source: BTCUSD on TradingView.com

The next key resistance could be $81,500. A close above the $81,500 resistance might send the price further higher. In the stated case, the price could rise and test the $82,500 resistance level. Any more gains might send the price toward the $83,500 level.

Another Decline In BTC?

If Bitcoin fails to rise above the $80,500 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $77,500 level. The first major support is near the $77,000 level.

The next support is now near the $76,500 zone. Any more losses might send the price toward the $75,000 support in the near term. The main support sits at $74,200.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $77,500, followed by $77,000.

Major Resistance Levels – $80,000 and $80,500.



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Crypto Pundit Reveals What Will Happen If XRP Price Does Not Break $2.3

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Amidst ongoing market instability and volatility, the XRP price maintained support levels, even as many altcoins crashed this past week. A well-known crypto pundit has spotlighted a critical resistance level at $2.3, saying that XRP’s next move will largely depend on whether it can successfully break through this barrier.  

XRP Price At $2.3: A Make Or Break Point

According to AMCrypto, an analyst on X (formerly Twitter), XRP had been maintaining strong support at $2. Compared to other altcoins that experienced severe price crashes earlier this year, XRP was one of the few that didn’t fall below the February capitulation price. 

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The $2 price level was a key support zone that acted as a barrier for XRP, as buyers stepped in to prevent further price decline. Notably, XRP had been consolidating just above this point for the past few months, showing immense resilience amid broader market volatility driven by news of the United States (US) tariff plans. However, recently XRP has dropped below $2 and is now trading at $1.68. 

AMCrypto has shared a price chart, highlighting that XRP recently broke out of a Descending Triangle pattern — a formation usually associated with strong price moves. However, for this breakout to have real momentum, the altcoin must push past the critical resistance level at $2.3. 

XRP
Source: AMCrypto on X

If XRP manages to clear this resistance level, the analyst predicts that its price could experience a rapid push toward the $3.00 – $3.20 region, marking new highs. Looking at the analyst’s price chart, historically, the token has experienced two strong breakouts from similar Descending Triangles. The most recent triangle saw XRP break above the $2.3 resistance zone with strong bullish candles. 

AMCrypto has warned that without a decisive breakout above the $2.3 resistance, XRP’s price action will likely remain confined in a wider consolidation range. This does not bode well for a short-term momentum, as it would limit further upward movement for the cryptocurrency until stronger bullish confirmation emerges. 

Analyst Predicts Price Crash To $0.6

The XRP price appears to be mirroring the broader market’s bearish trend, plunging by approximately 20% in the last 24 hours, according to CoinMarketCap. The cryptocurrency has also declined by 30% over the past month, highlighting sustained downward pressure and waning investor confidence.

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In a recent post on X, crypto analyst Jesse Colombo pointed out XRP’s recent breakdown below key support zones, warning that the cryptocurrency is likely headed for an even deeper price crash to $0.6. The analyst highlighted the formation of a Head and Shoulder pattern on the price chart, a classic bearish reversal signal that often precedes a significant downward move. 

With XRP’s price currently trading at $1.68, a decline to $0.6 would represent a significant 64% decrease. Notably, AMCrypto has identified new support levels between $2 and $2.2, indicating that a rebound to this range could act as a critical barrier against further downside for the altcoin.

XRP
XRP trading at $1.7 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com



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WEEX Lists AB (AB) under the RWA and Blockchain Infrastructure Category

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Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions.

WEEX , a global digital asset trading platform, officially listed the AB/USDT trading pair on April 2, 2025.

AB is a public blockchain infrastructure project committed to building a decentralized future. It provides efficient and secure foundational support for DApps and a wide range of digital assets. Its high-performance mainnet and cross-chain capabilities are key to enabling the tokenization of real-world assets (RWAs). The project currently focuses on practical scenarios including DeFi, IoT, and enterprise services. Originally launched as Newton, AB completed its rebranding in February 2025, marking a strategic shift from early community economy exploration toward a new phase of blockchain infrastructure evolution.

Real-world assets are rapidly becoming a key narrative within the global on-chain ecosystem. In late 2024, BlackRock launched BUIDL, a tokenized U.S. Treasury product, which has since become the largest of its kind by market capitalization. In early 2025, Circle announced the acquisition of RWA platform Hashnote and integrated it with its USDC-linked fund products, further advancing the convergence between stablecoins and real-world financial instruments. These developments reflect the accelerating global interest in on-chain RWAs. According to data from RWA.xyz, as of March 2025, the total value of RWAs locked on-chain has surpassed $18.6 billion, up nearly 20% since the beginning of the year.

The listing of AB represents another strategic step in WEEX’s commitment to blockchain infrastructure development. The platform continues to focus on supporting high-quality projects that facilitate the tokenization of real-world assets and enable cross-chain interoperability. AB’s long-term dedication to RWA use cases and its adoption of heterogeneous blockchain architecture align closely with WEEX’s mission to bridge real-world value and on-chain participation, offering users broader access to diversified digital assets.

To mark the listing, WEEX has launched a limited-time deposit and spot trading promotion. Users who complete the designated tasks will be eligible to share in a total prize pool of 10,000 USDT. Event link.

To learn more about AB and its listing details, please visit WEEX’s official announcement channels

About WEEX

Founded in 2018, WEEX Exchange has rapidly grown into a leading global cryptocurrency trading platform. With over 1,700 trading pairs covering major and emerging tokens, the platform also launched WE-Launch to help users access quality projects early. WEEX has partnered with international figures like football star Michael Owen to boost brand visibility, and recently established a new global headquarters in Dubai to accelerate international expansion. Today, WEEX serves over 6 million users worldwide and is widely recognized for its intuitive interface, smooth trading experience, and reliable performance.

For more information, visit: X | YouTube | Telegram | Medium | FacebookLinkedInBlog

Disclaimer

This article contains a press release provided by an external source and may not necessarily reflect the views or opinions of BeInCrypto. In compliance with the Trust Project guidelines, BeInCrypto remains committed to transparent and unbiased reporting. Readers are advised to verify information independently and consult with a professional before making decisions based on this press release content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.





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3 Altcoins to Watch in the Second Week of April 2025

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While the crypto market started the week on a bearish note, upcoming developments may signal a potential turnaround. Several altcoins have key external factors supporting their price movement, offering investors opportunities for growth.

BeInCrypto has analyzed three altcoins to watch this week, exploring their potential price direction.

Movement (MOVE)

MOVE price experienced a significant 44% correction over the past two weeks, currently trading at $0.305. This decline was notably steep in the last 24 hours, as MOVE formed a new all-time low (ATL) at $0.286, losing 23%. This downturn has left investors concerned about further price drops.

Movement is facing a token unlock on April 9, with 50 million MOVE worth over $15 million entering circulation. The influx of new tokens could increase supply, reducing demand, which may exacerbate the ongoing bearish trend. This could potentially drive the price even lower, continuing the downtrend.

MOVE Price Analysis.
MOVE Price Analysis. Source: TradingView

Given these conditions, MOVE price may test the $0.286 level again, with the possibility of either holding as support or falling through, forming a new ATL. If the market reaction is positive, however, MOVE could reclaim $0.374 and invalidate the bearish outlook, triggering a recovery.

EOS (EOS)

EOS has emerged as one of the best-performing tokens this week, recovering 57% towards the end of March. This positive momentum is a sign that the altcoin is nearing the end of its bearish streak.

Despite the recent gains, EOS faced a 15% pullback last week, currently trading at $0.72. It is holding steady above the $0.68 support, aiming to breach $0.76. This movement aligns with the potential formation of a Golden Cross, with the 50-day EMA nearing a crossover with the 200-day EMA.

EOS Price Analysis.
EOS Price Analysis. Source: TradingView

If EOS fails to maintain the support at $0.68, it may drop to the next support level at $0.61. Losing this level would invalidate the bullish outlook and erase recent gains, signaling further challenges ahead for the altcoin.

Helium (HNT)

Helium’s price fell through the $2.30 support earlier in the day, dropping nearly 20% before recovering slightly. Currently trading at $2.39, the altcoin is showing some resilience. However, the broader bearish cues still pose a threat to HNT’s price, leaving traders uncertain of its immediate direction.

Helium is expected to roll out significant updates this week, including HIP-103. These updates are likely to boost investor confidence, potentially driving HNT prices higher. If the market reacts positively to these developments, HNT could see renewed momentum, with the potential for a price increase in the coming days.

HNT Price Analysis
HNT Price Analysis. Source: TradingView

If the market response is favorable, HNT price may rise toward $2.75, recovering most of the 20% loss from the past 24 hours. However, if Helium fails to hold $2.30, the altcoin risks further decline, possibly falling to $2.00, which would invalidate the bullish outlook.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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