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Crypto Analyst: ‘Violent Breakdown’ in Bitcoin Price Incoming – BTC, Ethereum, XRP, Litecoin Forecasts

July 01, 2019

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Crypto analyst and BlockTV reporter Joe Saz says he believes Bitcoin is heading for a “violent breakdown” below $10,000.

“We fell off a cliff here, supported by the bottom of this descending triangle [at $10,500]. Again, this is a 15-minute chart. But we’re creating a very, very distinct descending triangle and now riding alongside the bottom of it yet again…

I’m just saying it straight up. I believe this descending triangle is going to be a violent breakdown. We’re probably going to see four figures. We’re jumping beneath $10,000 today if not tomorrow, is my best guess. I don’t typically have a red flag emergency, but it’s looking very bad right now.”

https://twitter.com/BLOCKTVnews/status/1145705866005549056

Right now, Bitcoin is down 9.35% at $10,244 according to COIN360.

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Ethereum is down 6.14% at $283.32, XRP is down 2.56% at $0.3954 and Litecoin is down 10.56% at $116.18.

CoinDesk’s Omkar Godbole is also seeing a potential drop below $10K as technical analysts try to plot the course ahead.

Bitcoin

Ethereum

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XRP

Litecoin

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.