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Popular assets are being pulled to critical support levels! What's next in line?
Cryptocurrency News – The US inflation report will be released on Wednesday, February 15, 2025. Ahead of the inflation reports, we faced a slight retreat in the crypto market. While the price of Bitcoin is trading at $95,375 at the time of writing, the price of Ethereum has dropped to $2,608. Bitcoin is losing important support levels that we have frequently emphasized before, and the next level could be $92,000. It would not be a surprise if Bitcoin retreats to $92,000 in the short term. The price of Ethereum is also moving close to the multi-year support area. If the $2,600 region is lost in Ethereum, we may retreat to the range of $2,200 to $2,300.
TD Sequential Indicator Gives Sell Signal!
Crypto analyst Ali Martinez, in his X sharing today, warned crypto investors about a short pullback in BTC, XRP, SOL, and ADA. According to the charts shared by Ali Martinez, the TD Sequential indicator is giving sell signals on hourly charts.
TD Sequential indicator also gives a sell signal for BNB charts. According to Ali Martinez, BNB, which perfectly sets the bottom level, gives a sell signal in the 12-hour TD Sequential indicator.
In short, there seems to be selling pressure in the market right now. The leading assets in the market may pull back to the support lines mentioned above. However, as we have constantly emphasized, we do not expect a significant retreat even if we confirm the decline in the short term. We can still say that we are in bullish market conditions in the long term.
Crypto analyst Michael Van de Poppe compares the current outlook with previous cycles. The analyst, who says that his portfolio suffered much more damage in the previous cycle, mentions that he is struggling with a 75% loss. However, he also states that even during that time, his altcoins in the portfolio increased by 50-250 times. According to the analyst's prediction, a major bull run may be awaiting us.
The information in the text is purely for informational purposes. It does not constitute any investment advice. The author and kriptoparahaber.com are not responsible for any profit or loss resulting from your investments. Ultimately, investment is based on many fundamentals such as knowledge, experience, research, and personal decisions.
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