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  • Crypto Analyst Spots Bad Sign for Bitcoin Bulls – Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash, Stellar, EOS, Tron Forecasts

Crypto Analyst Spots Bad Sign for Bitcoin Bulls – Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash, Stellar, EOS, Tron Forecasts

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As the week kicks off, the crypto market is mostly flashing red with Bitcoin down 1.39% at $10,298.

Ethereum is down 1.6% at $216.81, XRP is down 1.31% at $0.3210 and Litecoin is down 3.66% at $94.12 according to COIN360.

Crypto analyst and economist Alex Krüger says traders should welcome Bitcoin’s current pullback, noting that the faster and sharper Bitcoin rises, the higher the danger of an imminent crash.

Bull market corrections are unavoidable and should be welcome. Assets that go too far up too fast tend to crash the hardest. As everyone who speculated with the price of bitcoin during 2017 and 2018 well knows.

— Alex Krüger (@krugermacro) July 16, 2019

https://twitter.com/Josh_Rager/status/1153371716791361538

CoinDesk analyst Omkar Godbole is on the same page and says Bitcoin needs to cross $11,080 to break the current trend.

Bitcoin

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Ethereum

XRP

Litecoin

Bitcoin Cash, Stellar, EOS, Tron

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.