Fundstrat Says Bitcoin Poised to Test New Lows, Plus XRP and Ethereum: Crypto Price Analysis – The Daily Hodl



 

Fundstrat strategist Robert Sluymer says Bitcoin and crypto are in a “weak technical position” and “on track to retest their fourth-quarter lows.” As reported by Bloomberg, Sluymer wrote a note to clients saying a custom market indicator shows altcoins are most at risk.

Bitcoin is currently down 0.62% at $3,387 in a mixed market, according to the crypto price aggregator Coin360.

Source: Coin360

Here’s a look at some of the latest technical analysis on Bitcoin, XRP and Ethereum, which shows a move to the downside may be in store.

Bitcoin

Bloomberg – Fundstrat says crypto space may be in for a new round of pain

NewsBTC – BTC could make a sustained move lower

Live Bitcoin News  – BTC primed to test $3,000 or $2,800

Ethereum World News – Short-term Bitcoin pullback setup 

XRP

Invest in Blockchain – XRP breaks below $0.30 and reaches support at $0.2924 — can the bulls hold this support?

Blockonomi – Bearish continuation for XRP below $0.2900

FXStreet – XRP/USD here come the bears, a wave could be coming

Ethereum

ETHNews – Ether could tumble below $100

FXStreet – ETH/USD bears force key daily ascending trend line support

Trading View / Botje11 – ETH in danger zone, H&S and Triangle

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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 loses 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.

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