Bitcoin, Ethereum, Ripple prices have been undergoing acute selling pressure in recent times, due to prevailing FUDs within the crypto space
While the possibilities of a upswing flashes, yet it could be just another bullish trap which the traders may not be aware of
Will Bitcoin Price Make it to $18,500 This Month?
The trade setup of the BTC price displays it to be in a decisive phase, where both the possibilities of a notable jump and a minor pullback may be expected. The price may either rise beyond $18,500 to reach $19,000 or else drop hard to test the $16,500 support zone in the short term.
The BTC price is required to hold above $16,500 and ignite a firm rebound which may uplift the price to touch $17,300 which may break the resistance at $18,000. Conversely, if the BTC price losses the crucial support at $16,500, then it may slide down heavily to reach $15,600.
Will Ethereum Price Face Acute Seling Ahead of Shangai HardFork?
The Ethereum price has slashed hard, eroding all the gains incurred in the past 7 days. The second-largest asset broke the support trendline and dropped notably in the past couple of days. Undoubtedly, the buyers tried to ease the selling pressure but the price remained with a bearish influence, due to which it dropped and continued to trade under $1200.
The Ethereum price is currently trading between $1240 and $1118 and accumulating gains to pull a significant leg up in the coming days. The RSI has also witnessed a bullish divergence due to which the ETH price may undergo a notable price jump.