“The micro-model is bullish and potentially could reach $80,000. However, the macro-model seems to show a more bearish trend.”
The analyst first stated that for Bitcoin to maintain its bullish outlook in the short term, it needs to hold the $64,000 to $67,000 levels as support.
Conversely, according to the analyst, if the macroeconomic model materializes, the direction will be downward. At this point, the first significant support level would be $50,000, while in the worst-case scenario, the price could fall to the $30,000 level.
2) Ethereum ($ETH):
The analyst first noted that Ethereum had formed and maintained a critical trend line above $2,000.
At this point, the analyst stated that as long as this level is maintained, the $ETH price targets would be $2,400 and then $2,600-$2,700.
Noting that the upward and downward trend lines intersected at the beginning of May, the analyst said that the next few weeks will be very critical.
In a negative scenario, if Ethereum falls below $2,000, a larger decline could occur.
3) $XRP:
The analyst, who stated that he expects an increase in $XRP in the short term, argues that a bullish flag pattern has formed.
At this point, if the current level of $1.4 is maintained, the price is estimated to rise to $1.5-$1.55 in the short term. If this resistance zone is also broken, the price could reach $1.7-$1.8.
However, if the $XRP price fails to hold $1.12 and closes below this level on a daily basis, it could fall below $1.
*This is not investment advice.
en.bitcoinsistemi.com
