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CATEGORY: credibull crypto


Apr 25, 2025 12:05

Bitcoin Price Recovery At Stake If This Level Doesnt Hold, Crash Could Erase Gains

Crypto analyst Rekt Capital has revealed that the Bitcoin price recovery could be at stake if it doesnt hold above a particular level. Failure to hold this support level could cause the leading crypto to crash and erase all gains that it has enjoyed this past week.  Bitcoin Price Needs To Hold Above $93,500 To Avoid Another Crash In an X post, Rekt Capital indicated that the Bitcoin price needs to hold above $93,500 to avoid another crash. He remarked that the downside deviation is on the cusp of ending, but BTC now needs to stabilize above this support level of $93,500. The analyst added that ideally, the leading crypto needs a weekly close above this level and reclaim it as new support to resynchronize with the former Reaccumulation range.  Related Reading: Is The Bitcoin Price Top In At $109,000 Already? What The MVRV Z-Score Says The Bitcoin price has already rallied above $93,500 this week as the leading crypto decoupled from stocks, with investors viewing it as a safe haven amid the market uncertainty caused by Donald Trumps tariffs. However, as Rekt Capital suggested, BTC now needs to hold above $93,500 to confirm this breakout and avoid this being another bull trap.  The Bitcoin price is likely to reclaim the $100,000 mark and even reach new highs if it can hold above this crucial support level. Rekt Capitals accompanying chart showed that BTC could rally to as high as $110,000, marking a new all-time high (ATH) for the leading crypto.  Crypto analyst Ezy Bitcoin also predicted that the Bitcoin price could rally to as high as $166,700. He stated that the Wyckoff Re-accumulation phase is playing out beautifully. The analyst further remarked that the structure points toward continued strength with the spring confirmed and price jumping across the creek. Ezy Bitcoin outlined $131,500, $144,900, and $166,700 as the targets if this bullish momentum holds.  BTC Needs One More Leg On The LTF To Confirm Breakout In an X post, crypto analyst CrediBULL Crypto stated that the Bitcoin price needs one more leg on the lower timeframes (LTFs) to seal the deal. If that happens, he asserted that dips are for buying until BTC reaches at least $150,000. His accompanying chart showed that the leading crypto could break above $100,000 again on this next leg up.  Related Reading: Bitcoin Price Bullish Confirmation: What Needs To Happen For Next Leg Up To $130,000 However, if the Bitcoin price doesnt record another leg to the upside and instead corrects below $89,000 first, CrediBULL stated that BTC then ends up with a 3-legged corrective structure. He added that it would mean that market participants have to wait longer for the real breakout.  At the time of writing, the Bitcoin price is trading at around $92,600, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

Mar 21, 2025 12:05

XRP Wave 4 Count: Why $2.66 Is The Most Important Level To Beat

Crypto analyst Egrag Crypto has discussed the possibility of the XRP price witnessing another corrective move. He revealed the price level that XRP needs to stay above to avoid further downside pressure and rally to the upside.  XRP Needs To Stay Above $2.66 To Avoid Corrective Move  In an X post, Egrag Crypto stated that if XRP fails to close above the $2.65 to $2.70 range, it wont negate the wave 4 move and will likely lead XRP down to the 5th wave. His accompanying chart showed that the altcoin could drop to as low as $1.7 on this corrective move, breaking the crucial $2 support level in the process. The analyst had previously highlighted this $2.65 as being critical for a bullish breakout.  Related Reading: XRP Price Ready To Bounce Back Above $3 If Bulls Can Hold This Level Egrag Crypto alluded to the fact that the US SEC was finally dropping its long-running lawsuit against Ripple, which is typically bullish for XRP. The analyst admitted that it was a significant win for long-term adoption and utility, reinforcing the belief in the altcoins use. However, he added that the focus has to be on the numbers and charts in the short term.  In line with this, he remarked that a close above $2.66 would be a good sign, followed by another close above $2.97 as a second bullish confirmation. He asserted that the ultimate confirmation for a bullish trend would be a close above $3.40, which is XRPs current all-time high (ATH). A close above $3.40 would lead to the next target between $5 and $8.  Crypto analyst CasiTrades also echoed a similar sentiment, stating that XRP needs to break above $3.40 to confirm a new trend. Until then, she remarked that market participants will have to wait for signs of confirmation, which may not be obvious until wave 3 in the market cycle. Before now, the analyst affirmed that the market is on the edge of a breakout, and this week could be a defining moment, which already looks to be the case with the Ripple SEC lawsuit.  A Rally To $5 Already In Play Crypto analyst Dark Defender suggested that an XRP rally to $5 was already underway after the SEC decided to drop the Ripple lawsuit. His accompanying chart showed that XRP could witness a breakout to the $5 target. The altcoin will first rally to around $4.4 on wave 3, then correct to $3.7 on wave 4 before the rally to $5.6 on wave 5. Related Reading: XRP Price Retraces Gains From Sunday Rally, This Important Support Level Could Be The Defining Factor Meanwhile, crypto analyst CrediBULL Crypto raised the possibility of XRP dropping below $2 and reaching $1.7 before any parabolic move to the upside begins. He predicts that the altcoin will rally to double digits regardless of how the price action plays out in the short term.  At the time of writing, the XRP price is trading at around $2.45, up over 7% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com

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