Ethereum

Bitcoin

Coin

<ul class="news-points"> 
 <li><strong>The BTC/USD pair might drop to $41,747 due to the lack of aggressive buyers.</strong></li> 
 <li><strong>ETH‘s price could run beyond $3,000 if accumulation returns.</strong></li> 
 <li><strong>XRP’s momentum was weak, indicating a downward move to $0.55.</strong></li> 
</ul> 
<p>According to Santiment, <a href="https://coinedition.com/bitcoin-etfs-hit-10b-trading-volume-gbtc-outflows-ibit-takes-the-lead/">Bitcoin (BTC)</a>, <a href="https://coinedition.com/ethereum-bitcoin-decline-as-altcoin-marketcap-eyes-1-2-trillion-resistance/">Ethereum (ETH</a>), and <a href="https://coinedition.com/is-xrp-about-to-repeat-its-2017-bull-rally-analyst-notes-similarities/">Ripple (XRP)</a> have hit historic high-risk profit levels. The post revealed that Bitcoin’s profit level was 83%, Ethereum was 84%, and XRP was 81%. Furthermore, the post noted that previous high-risk profit levels were between 55% and 75%. So, it is likely that the prices of these cryptocurrencies risk a continuous fall from here.</p> 
<p>However, the crypto analysis platform admitted that external influences like the ETF might lead to a price increase. But still, investors with a long-term horizon should watch out if the profit levels drop below 75%.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/ETF?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#ETF</a>'s and other positive news. But ideally, a great signal to watch that would imply continued long-term growth would be a breach below 75% of their supplies in profit once again.<br><br>Link to chart: <a href="https://t.co/7KL7h3tbib" target="_blank" rel="nofollow">https://t.co/7KL7h3tbib</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1747870785853882440?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">January 18, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="h-bitcoin-btc"><strong>Bitcoin (BTC)</strong></h2> 
<p>BTC’s rise to $49,000 after the U.S. SEC approved the spot ETFs was short…</p>
<p>The post <a href="https://coinedition.com/btc-eth-and-xrp-are-overheated-but-opportunity-remain-present/">BTC, ETH, and XRP Are OverHeated But Opportunity Remain Present</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

BTC, ETH, and XRP Are OverHeated But Opportunity Remain Present

Table of Contents

Coin Edition

Other articles published on Jan 18, 2024

Lelantus Spark is live on Firo

dYdX flips Uniswap as top DEX by volume; Pullix sees increased demand

Frax Finance’s Layer 2 Fraxtal Launch in February: Founder

Bitcoin’s Struggle Amid High-Risk Profit Zone and Golden Cross Signal

Will AVAX Price Reach the Level of $50 Mark in FEB 2024?

Frax Finance to Launch its Layer 2 Fraxtal in February with frxETH as Gas Token

Join our free newsletter for daily crypto updates!