Bitcoin (BTC) price slipped below the $65,000 threshold on Tuesday, bringing down with it Ethereum (ETH) price as well as Ripple (XRP) price.
Bitcoin price could make a 12% drop to the weekly imbalance zone before reclaiming its ATH. Ethereum price likely to drop 10% before ETH becomes attractive for buyers. Ripple price could extend the fall with a bearish divergence in play, amid a hidden continuation pattern. Volatility has increased in the market ahead of Fed interest rate decision. Bitcoin price slipped below the $65,000 threshold on Tuesday, bringing down with it Ethereum price as well as Ripple price.
Bitcoin price could drop 12% to the weekly imbalance area Bitcoin price has formed a Head-and-Shoulders pattern on the daily timeframe, forecasting a 12% drop if the technical formation plays out. The market is leaning towards the downside, with the Relative Strength Index nose-diving to signify momentum is falling. The Awesome Oscillator is also edging towards the mean level with its histogram bars flashing red.
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