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Bitcoin(BTC) Price Analysis

Bitcoin price had regained its spot within the symmetrical tragle after the recent surge in the first few days of 2023
The price however, slashed hard and is testing the lower support of the triangle being on its way approaching the edge of the consolidation 
If the bulls manage to hold the price within the triangle, a notable flip may be expected else a drop may drag the price into a deep bearish well

Ethereum (ETH) Price Analysis

The Ethereum price also underwent a massive drop as it tested the upper resistance and plunged heavily by more than 4%

The price could continue surging down and test the lower support close to $1500 that could be the last point of defense as a failed attempt may drag the price around $1360

Meanwhile, a rebound could be triggered after testing $1500 support zone and hence a decent upswing may uplift the price again 

Ripple (XRP) Price Analysis

The XRP price has been displaying immense strength amid the ongoing bearish market trend ans sustains above the support zone
The price dropped by more than 2% but has held above $0.36, indicating the possibilities of a bullish breakout very soon. 
With a rebound, the price may quickly head towards the upper resistance back above $0.38 and later try to breakout of the symmetrical triangle. 

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Filed under: Bitcoin - @ March 4, 2023 1:43 am