Analyst Makes Surprising Prediction:Bitcoin Price Expected to Reach $93,500, Ethereum $2,100, and XRP $1.60
Analyst Warren Mappet has recently predicted a potential significant decline in the prices of Bitcoin and other major cryptocurrencies.
According to the current situation, Bitcoin has been stable around the $105,000 level for the past seven days, while Ethereum is above $2,500 and XRP is above $2.10.
However, there is a sense of uncertainty in the market, as indicated by the "Fear & Greed" index at a neutral value of 52, which suggests the possibility of a shift in either direction.
Mappet shared a prediction on the social media platform "X," where he mentioned price targets without providing any technical charts or detailed analysis.
According to him, Bitcoin’s price could drop to $93,500, Ethereum to $2,100, XRP to $1.60, Fartcoin to $0.68, and Hype to $28.
He also indicated the possibility of Solana dropping to $85.
Although these predictions seem severe, in the recent past, during the month of April, the prices of Bitcoin, Ethereum, and XRP had already fallen to these levels, which lends some credibility to this forecast.
After prolonged price stability, a sudden downward trend in prices has been observed, which suggests that if Bitcoin falls below $100,000, a broader price decline in the market is expected.
The stability of Ethereum and XRP prices near their resistance levels further increases the likelihood of this decline.
Overall, the market trend depends on whether Bitcoin can maintain the $100,000 level or not.
If negative sentiments dominate the market in the coming days, the aforementioned predictions could become reality.
Currently, these currencies are trading at Bitcoin $BTC $105,096, Ethereum $ETH $2,540, and XRP $XRP $2.16.
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