Bitcoin is testing a critical technical support level. Analyst Gareth Soloway warns that once the support is confirmed to break, Bitcoin's price could further decline to the $74,000 to $69,000 range. Ethereum is also facing a similar test near its short-term support level; breaking this support could see it drop to $2,100. The outlook for Ripple depends on whether it can hold the support zone between $1.77 and $1.61, with resistance around $2.20. Soloway emphasizes that the current price trend puts major cryptocurrencies at a crucial crossroads for success or failure.
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Bitcoin is testing a critical technical support level. Analyst Gareth Soloway warns that once the support is confirmed to break, Bitcoin's price could further decline to the $74,000 to $69,000 range. Ethereum is also facing a similar test near its short-term support level; breaking this support could see it drop to $2,100. The outlook for Ripple depends on whether it can hold the support zone between $1.77 and $1.61, with resistance around $2.20. Soloway emphasizes that the current price trend puts major cryptocurrencies at a crucial crossroads for success or failure.