BTC Below $90,000 As ETH, XRP Crater 8%: Is It Time To Panic Sell?
Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP) are accelerating their decline, but one analyst says panic selling here would be “the worst call of the cycle.”
Analyst Flags Oversold Signals Across Key Timeframes
Bitcoin’s decline has pushed the daily RSI into oversold conditions, with the analyst noting that similar readings marked primary lows at $83,000 and again during the July and October resets.
He said the current structure mirrors prior cycle corrections, where price dipped another 9% at most before reversing higher.
On the three-day chart, RSI has fallen to levels last seen near the $25,000 bottom, reinforcing that downside momentum is stretched.
He added that standard Bitcoin corrections this cycle have ranged between 29% and 34%.
The market has now retraced about 30%, placing BTC directly inside its historical correction band.
He pointed to a dense support cluster built through two major downside wicks, calling it the “most likely area of reversal” unless price violates the low sweep zone beneath it.
ETH Nears Its Major Support Band
The analyst said Ethereum still has room to test the $2,880 to $2,850 …
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