Crypto Analyst: Bitcoin Will Never Drop to $3K Again – BTC, Ethereum, XRP Price Analysis

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A crypto trader who goes by the name of “Galaxy” told his 48,000 followers on Twitter that he believes Bitcoin will never dip to $3,000 again.

Galaxy’s logic is centered on Bitcoin’s 10-year history of hitting an all-time high, dropping 85% and then consolidating before reaching new highs. According to Galaxy, Bitcoin’s real recovery should start after April.

Not all traders are on board with the analysis.

Fellow space-themed analyst Moon Overlord told his Twitter crew of 43,000 that we’ll soon find out if Bitcoin will mirror its pattern from last November, when the price of BTC was relatively stable for a couple of months before plunging from above $6K to below $4K.

https://twitter.com/MoonOverlord/status/1105995823551299585

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Right now the crypto market is mixed, with Bitcoin up 0.05% at $3,880. Ethereum is up 1.18% at $133, and XRP is down 0.67% at $0.3110.

Technical analysts at large are noting some signs of a potential Bitcoin breakout, Ethereum’s support at $130, and XRP’s push to pass $0.3300.

Bitcoin

NewsBTC  – Important reversal signs emerge

Blockonomi – BTC forming a crucial breakout pattern, likely to climb higher

FXStreet – Bitcoin stuck between a rock and a hard place

Ethereum

Coinnounce – Support around $130 still proving strong for ETH

NewsBTC – ETH could make a sustained move higher

ETHNews – Ether presents last chance to buyers

XRP

Blockonomi – Price must settle above $0.3300 to move into positive zone

FX Empire – Barring a broad crypto rally, $0.33 levels should be untouched

NewsBTC – XRP could trade lower as recovery falls flat

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 losses 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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