Bitcoin Price Could Dip Below $60,000 Before BTC Halving Date Amid Elevated Market Risk

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Cryptocurrency News

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Bitcoin price is at risk of dropping below $60,000 before the BTC halving date due to increased market risk. Ethereum price is showing signs of a bullish reversal towards $4,000, depending on the actions of BTC bulls. Ripple price may revisit lows below $0.4500 due to mounting overhead pressure. Geopolitical tensions between Iran and Israel have put the cryptocurrency market on standby, waiting for a clear direction.

Bitcoin price could dip below $60,000 before BTC halving date amid elevated market risk. Ethereum price brews bullish reversal toward $4,000 contingent on how BTC bulls play their hand. Ripple price could revisit weekend lows below $0.4500 amid mounting overhead pressure. Bitcoin price has the broader cryptocurrency market on standby, awaiting a definitive directional bias.

Contingent on whether BTC shows strength or crashes further, ETH price could respond in kind. A show of strength could send Ethereum price higher. A breach of the upper boundary of the governing chart pattern above the $3,750 level would signal the opening of a long position. ETH/USDT 1-day chart Conversely, with the broader market still in the red, Ethereum price could continue the fall below the 100-day Simple Moving Average at $3,023.

 

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