BTC/ETH Bearish Prediction Playing Out! Watch These Levels.

11:41 pm, Tue, 13 July 21

Current Bitcoin Data

Dominance
Price
Market Cap
Volume (24h)
1h
12h
1d
7d
1m
1y
End of trading result for the top 36 cryptocurrencies by market capitalization

The crypto market ended the trading day deep in the red. The Bitcoin sell-off only intensified today as the cryptocurrency price continues to play out exactly as we predicted in our previous End of Day Analysis: Bitcoin Crashing As Predicted! ETH Testing Key Support

Bitcoin price prediction from a previous analysis Bitcoin Crashing As Predicted! ETH Testing Key Support

However, right now Bitcoin is trading around minor horizontal support within the descending channel. We have seen the price bounce around this $32,453 minor support on two other occasions and might do so again in the coming days.

BTC/ETH Bearish Prediction Playing Out! Watch These Levels.
Bitcoin testing minor support on the 1-hour timeframe. Can the bulls push the price higher in the coming days?

Continue reading for both the bullish and bearish price scenarios for Bitcoin and the key levels you should watch for.

To trade Bitcoin and Ethereum with up to x100 leverage, sign-up to Bybit right now! You can also get up to $600 in deposit bonus when you sign-up and fund your Bybit account with our Bybit link.

Claim up to $600 in Bonus

100x Leverage

Bitcoin Bullish Price Scenario

BTC/ETH Bearish Prediction Playing Out! Watch These Levels.
BTC/ETH Bearish Prediction Playing Out! Watch These Levels on the 1-hour timeframe

For the Bitcoin bullish price scenario, we want to see the Bitcoin price respect the $32,453 minor support. If this happens we might see history repeat in the Bitcoin price.

A price rally from around this $32,453 support region will push Bitcoin back up to the top resistance of the descending channel pattern or even above it in the coming days.

Bitcoin bullish price prediction on the 1-hour timeframe

Bitcoin Bearish Prediction!

Key levels to watch for! Bitcoin bearish price prediction on the 1-hour timeframe

If Bitcoin breaks through the $32,453 support on the 1-hour timeframe, we might see the Bitcoin price continue its drop in the coming days.

This potential Bitcoin sell-off is very bearish for the crypto market in general and signifies that we might see more red days in cryptos for a while.

The target bearish support to watch next would be the base of the channel. This channel base has held the Bitcoin price before and might do so again if the price gets to those levels.

Bitcoin Crashing As Predicted! ETH Testing Key Support
BTC/ETH Bearish Prediction Playing Out! Watch These Levels.

Ethereum Selling-Off

BTC/ETH Bearish Prediction Playing Out! Watch These Levels.
Key levels to watch for on the Ethereum 4-hour timeframe

The Ethereum bulls have lost the battle for the $2,025 key support on the 4-hour timeframe. This points to more weakness coming into the Ethereum market.

There is a very high probability that we might see Ethereum sell-off continue in the coming days. The next key level would be the previous lows.

Ethereum bearish price prediction on the 4-hour timeframe. Watch these levels

Final Verdict!

Bitcoin is at a critical point, can the bulls come into the market and push prices higher from the $32,453 minor support region on the 1-hour timeframe, or should we expect the price to continue selling off?

Ethereum on the other hand just broke through key support and is looking bearish!

Claim up to $600 in Bonus

100x Leverage

Easy Steps From Beginner To Pro Crypto Trader

You can speed up your learning journey by reading our How To Trade Bitcoin Guide. This guide is the best for crypto traders looking to accelerate their success. You can also check out our top list of Best Bitcoin Exchanges To Trade With.

PrimeXBT Covesting: Trade Hassel Free

Sign-up on PrimeXBT today to trade Bitcoin hassle-free. You can copy experienced traders and access hundreds of different strategies on the platform! Don’t forget to claim your 50% bonus by using the promo code “bitcoinsensus50” when you sign-up with our link  PrimeXBT Covesting

Recommended Bitcoin Trading Platforms:
★★★★★
★★★★★

Rating: 94%

Claim up to $600 in Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.075%
Maker:
-0.025%
Wire:
Credit:
Crypto:
★★★★★
★★★★★

Rating: 89%

Claim up to $130 in Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.075%
Maker:
-0.025%
Wire:
Credit:
Crypto:
★★★★★
★★★★★

Rating: 91%

Get 50% Deposit Bonus

100x Leverage

Fees:
Deposit Methods:
Taker:
0.050%
Maker:
0.050%
Wire:
Credit:
Crypto: