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A closely followed crypto analyst is warning that payments token XRP and three other altcoins may suddenly collapse. In a new post, crypto trader Ali Martinez tells his 134,500 followers on the social media platform X that XRP may be forming a head-and-shoulders (H&S) pattern on the daily chart. An H&S structure is a bearish pattern indicating that an asset has lost momentum to sustain its uptrend after failing to print new highs. He also says that the Ethereum (ETH) hard fork Ethereum Classic (ETC), decentralized finance (DeFi) protocol Yearn.Finance (YFI) and a Bitcoin (BTC) hard fork Bitcoin Cash (BCH) are on the verge of losing key support levels. “What do XRP, ETC, YFI, and BCH have in common?” Source: Ali Martinez/X XRP is trading for $2.08 at time of writing, down 3.3% in the last 24 hours. Meanwhile, ETC is trading for $16.69 at time of writing, up 1% on the day, and YFI is trading for $4,778 at time of writing, down 1.1% in the las...

A widely followed crypto strategist is turning bullish on Bitcoin (BTC) as the flagship digital asset crosses the $59,000 level. Pseudonymous analyst Kaleo tells his 647,500 followers on the social media platform X that Bitcoin could soon soar more than 9% of its current value within about a week. “Higher soon in my opinion.” Source: Kaleo/X Looking at the analyst’s chart, he suggests that Bitcoin has convincingly broken out of a descending trend line and could chop around the $58,000 to $60,000 range for a few days before breaking out to $65,000 by September 23rd. Bitcoin is trading for $59,444 at time of writing, up more than 9% in the last seven days. Next up, the analyst updates his outlook on the recently launched dog-themed altcoin Sundog (SUNDOG), a memecoin on the TRON (TRX) network. He believes the token may have more upside potential, after soaring from $0.0439 on August 18th to $0.351 at time of writing – a gain of nearly 700%. The...

A widely followed crypto strategist believes that Bitcoin (BTC) is repeating its early 2020 recovery when it crashed by over 50% in one week before rallying to new highs. Pseudonymous analyst The Crypto Dog tells his 811,100 followers on the social media platform X that there’s a good chance Bitcoin is on the verge of a fresh bull rally after bouncing from its recent low of $48,000 earlier this month. “Started to consider a very optimistic outlook on the market from here, likening this wipeout from $70,000-$50,000 to the Covid crash [of] March 2020. Time will tell, open to other scenarios, but this could be the very beginning of the actual bull run.”  About four years ago, Bitcoin plunged from $8,000 to around $3,700 in just seven days as people panicked amid the emergence of the global pandemic. But after the collapse, Bitcoin rallied to fresh highs in a matter of months. According to The Crypto Dog, Bitcoin looks strong as long as it holds su...