Bitcoin, Ethereum Price Prediction – Bearish Pattern Triggered Hints Prolong selling In Crypto Market

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The global crypto market plunged to $823.45 Billion at 10:47 EST Sunday. This is a loss of 1.05% in the last 24 hours. Moreover, the global crypto market drooped to $823.45 Billion at 10:47 am EST Sunday, displaying a loss of 1.05% in the last 24 hours.advertisementHowever, the total crypto market volume grew 20.28% since yesterday to reach $42.17 Billion. The total volume of DeFi is currently at $3.55B. This represents 8.41% in the total crypto market 24-hour volume. Top Gainers and losersSource-Coin360 GMX, at $44.08, has the highest gain of 7.72% over the last 24 hours. Solana (SOL), at $13, shows a 2.42% increase. The top losers are Trust Wallet Token at $1.98, and Chiliz (CHZ at $0.2275), which fell 10.55% & 7.48%, respectively. Trending StoriesBitcoin price Source- CoinmarketcapSloppy Bitcoin price action for nearly two weeks revealed that an inverted pennant formation was formed in the 4-hour chart. A bearish continuation pattern indicates the replenished selling momentum after the price breaks the support line. Today’s Bitcoin price fell 1% and showed a large volume breakdown from the pattern support line. The sellers could continue the retest of the breached support and plunge the prices 4.4% lower to reach the $15850 mark. Source: Tradingview. The 4-hour Ethereum time frame chart shows a classic example of a descending triangle pattern. This bearish trend helps sellers prolong the current downtrend after the neckline support is broken. The Eth price is currently down 3.5% and shows a strong momentum breakdown from the $1192 neckline. If the selling pressure does not subside, the altcoin will drop 7.5% to hit $1080.Source-TradingviewadvertisementMoreover, the Ethereum coin price will remain under bearish threat until the price remains below the downsloping trendline.Share this article on:About author
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