Will Crypto Market Crash? Experts Weigh In

Will Crypto Market Crash? Experts Weigh In 🤯

Good heavens, darling! The cryptocurrency market is in a spot of bother, isn’t it? 🤔 After two consecutive months of negative outcomes, the crypto-verse has taken a rather… shall we say, “bearish” turn. 💔 The market has lost a whopping 4.301% in March, from a tidy $2.79 Trillion to a rather more modest $2.67 Trillion. And, of course, Bitcoin has followed suit, losing a paltry 4.36% during the same period. How… thrilling.

Meanwhile, poor old Ethereum has had a spot of bad luck, erasing 21.26% of its valuation in March. One would have thought that the Ripple vs SEC case dismissal would have given it a bit of a boost, but alas, no. The XRP price has simply… well, choked, really. 😷

So, what’s next for these poor dears? Will they continue to plummet, or will they somehow manage to bounce back? 🤞 Let’s take a look at the possible short-term price predictions for each of these projects, shall we? 📊

Bitcoin: Will It Crash Below $80k in April?

Oh dear, it seems that Bitcoin has dropped by 2.34% and is now below its important support trendline of $83,000. And, of course, it’s failed to break down the triangle pattern in the daily time frame. How… predictable. 😒

The Relative Strength Index (RSI) has experienced a rather… unpleasant bearish convergence in the daily time frame. This suggests an increase in selling pressure over buying pressure for the BTC price. How… thrilling.

Furthermore, the Simple Moving Average (SMA) has recorded a rather… distressing negative crossover in the Bitcoin price chart. This suggests a rather… bearish outlook for the latest cryptocurrency by market cap during the upcoming week. How… delightful.

A sustained negative trend action could result in the BTC price retesting its $80k mark. Or, if we’re feeling particularly… optimistic, it might even push the price toward its crucial low of $78,535 before a potential rise. But, really, who’s counting?

Ethereum: Will It Break Its $1800 Crucial Support?

Good heavens, Ethereum has dropped 1.32% in 24 hours and 6.87% over the last seven days. This has resulted in it reducing its dominance to a rather… paltry 8.3373%. How… sad.

The technical indicators RSI & SMA have both recorded a rather… dismal rising negative trend in the daily time frame. This raises concern for a potential sustained bearish action for the largest altcoin in the coming days. How… thrilling.

Suppose, a bullish reversal occurs, under such a situation, the price of Ethereum coin could bounce back toward its immediate resistance level of $2,000. Or, if we’re feeling particularly… pessimistic, an intensified bearish run could result in it plunging toward its multi-year low of $1,750. How… delightful.

XRP: Will It Retest the $2 Mark?

Despite the conclusion of the XRP vs SEC lawsuit, the Ripple token has not made notable progress. And, of course, it’s failed to hold its ground at the $2.50 mark. How… predictable. 😒

As the market turns bearish, the technical indicators witness a rather… distressing drop in the XRP price chart. Moreover, with the bears strengthening their hold, the XRP token may continue trading under a bearish influence during the first part of April. How… thrilling.

Considering the present market situation, the chances of XRP coin price retesting its crucial support of $2 are rather… high. Or, if we’re feeling particularly… optimistic, a potential bullish reversal could result in the 2nd largest altcoin experiencing a bounce back toward its immediate barrier of $2.48. How… delightful.

Endnote:

And so, dear friends, it seems that the world market is suffering, not just the crypto market. But, of course, with Trump’s tariff implementation on 02nd April 2025, the story could take a rather… unexpected turn. Or not. Who knows, really?

2025-03-29 20:21

Bitcoin: Will It Crash Below $80k in April?

Ethereum: Will It Break Its $1800 Crucial Support?

XRP: Will It Retest the $2 Mark?

Endnote:

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