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BITCOIN & ALTCOIN HOLDERS: DON'T BE FOOLED!! - Bitcoin News Today, Ethereum, Solana, XRP & Chainlink
Crypto Worldยท2025-08-31 12:18

Market Trend Analysis - Bitcoin is likely to show weakness for the next few weeks, but not necessarily a massive crash [5][6] - Ethereum is expected to continue trading in a sideways price range, consolidating around all-time highs [25][26] - Altcoins are likely to hold up relatively well in the shorter term as Bitcoin dominance pulls back [23][24][34][36][48] Key Support and Resistance Levels - Bitcoin has immediate support at approximately 107,000 [7][9] - Bitcoin's next short-term target based on Fibonacci levels is just above 103,000 [8] - Ethereum's support is between approximately 3,900 to 4,100, and resistance is between approximately 4,800 to 4,900 [27] - Solana has support in the area between approximately 190 to 200, with the next major target at approximately 230 [30][31] - XRP needs to get back above approximately 290 to avoid potentially dropping towards the next major area of support [39] - Chainlink is finding resistance at close to approximately 25, with short-term support at approximately 23 [44][45][46] Technical Indicators and Patterns - Bitcoin's weekly price chart indicates a larger bull market, but a bearish divergence suggests lacking bullish momentum for weeks or months [2][3] - Bitcoin's 4-hour price chart shows a short-term bearish trend with lower highs and lower lows [9][10] - XRP is playing out a massive bearish divergence, potentially continuing into September [37][38] - XRP is possibly forming a descending triangle pattern on the daily time frame [40] - Chainlink has a major bearish divergence on the daily time frame, expecting weakness or choppy sideways price action [47] Exchange Promotions - Bitex offers a 25,000 USDT prize pool for accounts created using a specific link [16] - Pinex offers a free 50 USD bonus for creating an account and completing KYC using a specific link, and deposit bonuses such as a 100 USD bonus for a 100 USD deposit or a 1,000 USD bonus for a 10,000 USD deposit [18][19]