Analyst Roman Trading, who previously predicted Bitcoin downturns accurately, now makes a new prediction about potential market corrections.
Expect a Drop in Crypto Prices
Roman Trading, who successfully predicted the recent downturns in the cryptocurrency market, is once again making bold predictions. He believes that significant declines in cryptocurrency prices may occur soon. Currently, Bitcoin is trading around 108,000 dollars, while the market awaits news regarding tariffs. Trading noted:
> "I expect a market decline in both stock and cryptocurrency markets in the upcoming weeks. The DXY, RSI, and MACD show clear bullish formations with reversal signals. The SPX increased by 30% without cooling, while BTC displays bearish patterns. These conditions suggest that the market correction is maturing healthily."
Predictions for XRP and BTC
At the time of writing, rates for Japan and South Korea have been announced, with no signs of alignment noted. Continuing coercive letters from Trump could lead to further declines. Analyst Ali Martinez shared his target for XRP Coin, previously indicated at this level, with the price now over 2.33 dollars.
> "XRP appears to be forming an inverse head and shoulders pattern, paving the way for a potential breakout to $2.60!" – Martinez.
Jelle's shared chart points to a breakout for BTC. Unlike previous breakouts that continued parabolically upwards, the current scenario appears different. If BTC doesn’t continue to $125,000, another decline to $89,000 might occur.
> "Breakouts usually indicate the start of a new upwards surge. Is this time different? I don’t think so." – Jelle.
Analysis of the Current Market Situation
Current charts provide data on the market's state. The dollar index hasn't dropped this swiftly in quite some time, leaving many uncertain about its consequences related to tariffs. The SPX, lingering near peak levels, also began the new day with a decline. Losses might increase depending on U.S. actions regarding tariffs.
The BTC chart indicates an inability to breach the peak, suggesting possible decline.
Depending on the evolving circumstances in the markets, especially concerning U.S. tariff policies, analysts' forecasts may assist investors in understanding current cryptocurrency market trends.
