A well-known crypto analyst, Credible, is predicting a significant Bitcoin price drop. He’s shared his forecast with his large following on X (formerly Twitter).
Bitcoin’s Potential Plunge
Credible believes Bitcoin (BTC) could fall below its recent low of $78,000. This prediction comes after BTC failed to hold the $90,000 level. He sees this potential drop as a buying opportunity for long-term investors. His charts suggest a possible drop to between $69,000 and $74,000, a key support level. Falling below this range would be a negative sign for the market.
Other Cryptocurrencies Also in Focus
Credible isn’t just focusing on Bitcoin. He also commented on XRP and Litecoin.
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XRP:
He sees immediate support at $1.80. If that breaks, the $1.60-$1.30 range is the next area of interest. At the time of writing, XRP was trading at $2.28.
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Litecoin (LTC):
Credible expects Litecoin to fall to its weekly support around $56. At the time of writing, LTC was trading at $104.
Disclaimer:
This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies./p>
