- Bitcoin price has crashed to the August month’s low after dropping 9.7% in roughly 24 hours.
- Ethereum price broke below the $1,355 to $1,440 support area and tagged the $1,280 support level.
- Ripple price faced another rejection at the $0.381 hurdle, signaling the persistence of sellers at that level.
Bitcoin price has single-handedly crashed the entire crypto market as it tumbled below a crucial support level. As of this writing, BTC is still yet to find a stable support level and hatch a recovery plan. Altcoins, including Ethereum and Ripple, are already working on bouncing back.
Bitcoin price remains indecisive
Bitcoin price has swept the previous weekly low at $18,500 and is very close to collecting the sell-stop liquidity below the June 18 swing low at $17,593. Regardless, the recent sell-off for BTC is an opportunity for patient investors.
Investors can expect BTC to trigger a run-up to $19,405, which is the weekly open. However, a flip of $19,539 could catalyze Bitcoin price to retest the $20,737 hurdle, clearing which could result in a swift move to $25,169.
BTC/USD 12-hour chart
On the other hand, if Bitcoin price flips the $18,293 support level into a resistance barrier, it will invalidate the bullish outlook and trigger a crash to $15,550.