‘We’re Still in Danger Territory’: Crypto Analyst Unveils Bearish Setup for Bitcoin – Here Are His Targets
A trader and analyst who accurately predicted the crypto bottom in November of 2022 is warning that Bitcoin (BTC) may be on the verge of a downtrend.
In a new video, the trader pseudonymously known as DonAlt tells 66,200 subscribers of the TechnicalRoundup YouTube channel that Bitcoin remains at high risk of plummeting in value.
“But we’re still in danger territory. I don’t want to bull talk too much while we are in the area where we can get rejected easily.”
The analyst says Bitcoin may be on the verge of a collapse at current price levels, or the flagship crypto asset may surge briefly to the $90,000 level before entering a downtrend after facing resistance.
“For the bears, you can make an argument that this is as good as it gets of an area. Because, honestly, if this doesn’t get rejected here [in the mid-$80,000s], where is it going to? You can obviously hope for a wick towards $90,000, $91,000. I think that would be the only real acceptable bearish setup to take. But if you are like a convicted bear, like you have conviction in your view and you 100% don’t want to miss out like this is the best area to do it.”
However, the analyst says Bitcoin may remain in a bullish cycle and regain a six-figure value if macroeconomic conditions improve.
“I think the best course of action is a close above $90,000. Like, we start doing this, poke our head back above $90,000 favorably. Obviously, if the macro situation changes alongside with it, I think the next candle is going to be like this [to around $95,000]. And then the next candle is going to be like that [at around $102,000]. And then we’re going to trade at $110,000-$120,000.
So basically, the moment we get back above $90,000, there’s a decent setup, stop loss down here [at $77,000], entry somewhere there [at around $90,000], and then the target above $110,000 into maybe $120,000-$130,000. That’s kind of the best setup that I see for the bulls.”
Bitcoin is trading for $82,788 at time of writing, down 2.1% in the last 24 hours.
Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post ‘We’re Still in Danger Territory’: Crypto Analyst Unveils Bearish Setup for Bitcoin – Here Are His Targets appeared first on The Daily Hodl.
Read More
Understanding Bitcoin Struggles: Why Realized Cap Indicates A Bear Market
XRP at $2.07—Will It Crash or Hit $3.78? Analyst Predicts Next Move!
The XRP price prediction has become a spicy topic right now as the crypto token hovers around the value of $2.07, with some traders and investors closely watching its next potential move. At the time of writing this piece, XRP is showing signs of a possible head-and-shoulders pattern. This could points towards either a bullish breakthrough or a significant downtrend ready to hit, depending on whether key support levels hold up.
Also Read: Dogecoin to Hit a New High? Analyst Says It’s Possible Despite Headlines
How Market Volatility and Ripple’s Technical Analysis Could Affect XRP’s Future Price
The cryptocurrency market latest batch of volatility has been particularly evident in XRP’s latest and greatest price ups and downs. Currently trading at around $2.03, XRP has experienced about a 4.66% decrease in the last 24 hours. This decline comes amid some expanding market uncertainty, with the total cryptocurrency market capitalization falling by 2.20% to $2.68 trillion.
Head-and-Shoulders Pattern Points to Potential Downturn
Don't shoot the messenger.
— Peter Brandt (@PeterLBrandt) March 28, 2025
Your favorite Beanie Baby/Pet Rock crypto displays a classic complex H&S top. This could become bullish if 3.0 is exceeded, otherwise the implications is a decline to 1.07. If you have an issue with this, take it up with Magee and Edwards $XRP pic.twitter.com/nHaIgn8uP4
According to veteran analyst and trader Peter Brandt, XRP is exhibiting a classic head-and-shoulders topping pattern that could signal trouble ahead.
“XRP bears chalk out a H&S pattern,” says Brandt. “This could become bullish if 3.0 is exceeded, otherwise the implications is a decline to 1.07.”
The head-and-shoulders pattern appearing right now is made of three chart peaks, with the middle one (the “head“) being at the highest level, while the two outer peaks (the “shoulders“) are somewhat lower. A breakdown below the pattern’s neckline around the $1.90-$2.00 range could also trigger some significant sell-offs.
Technical Indicators Show Mixed Signals
XRP’s technical indicators are currently painting a somewhat bearish picture. The cryptocurrency’s 50-day Simple Moving Average (SMA) stands at $2.38, while its 14-day Relative Strength Index (RSI) is at 43.27, indicating neutral momentum that could shift in either direction.
Also Read: Pi Network: PI Coin Price Prediction For Mid-April 2025
Price Targets: Bullish vs. Bearish Scenarios
Despite the downtrend hitting it right now, some analysts remain optimistic about XRP’s future price. Per CoinCodex, XRP could actually reach $3.78 by April 28, 2025, representing a 76.42% increase in value from the current prices.
That said, if the head-and-shoulders pattern also plays out as Brandt and others suggest, XRP could be forced to deal with a substantial decline to around $1.07 in value. This bearish scenario would be triggered if XRP breaks below the critical support zone near $2.
“A breakdown could signal a shift from a bullish to a bearish trend, potentially halving the price to $1.07,” explains Omkar Godbole, a cryptocurrency market analyst. “Bulls need to push XRP above $3 to overcome the lower high set in early March.”
Market Factors Influencing XRP’s Price Movement
There are and will always be some several external factors are currently weighing on XRP’s performance. The “tariffs-led risk-off” environment has put pressure on payments-focused cryptocurrencies like XRP. Additionally, the broader market sentiment has been impacted by recent macroeconomic developments.
The cryptocurrency is also facing some resistance at around $3 in value, a level that also marked a lower high created in early March. For XRP to resume its upward trajectory, bulls would need to overcome this resistance level decisively.
Also Read: Dogecoin Price Reversal Ahead? Analyst Predicts 129% Surge to $0.39
Long-Term Outlook Remains Positive Despite Short-Term Concerns
Looking beyond the immediate technical analysis, long-term predictions for XRP remain relatively positive. By 2030, some forecasts suggest XRP could reach as high as $6.11, although this would involve navigating through several market cycles.
Despite some short-term bearish signals, XRP’s strong correlation with other major cryptocurrencies like Ethereum (0.943) and its negative correlation with gold (-0.885) suggest that it could continue to function as a mainstream digital asset.
The upcoming period will be absolutely crucial for XRP as it tests some key support levels and could also figure out its trajectory for the months ahead. For now, all eyes will remain on the $2 support level and also on whether XRP can avoid confirming the bearish head-and-shoulders pattern that could send prices significantly lower.
Also Read: Ripple: If You Put $2,000 Into XRP Now, Here’s Your Returns In 3 Years
Read More
