- Bitcoin’s $73,000 support is pivotal, with $66,000 and $60,000 below if it fails.
- Ethereum trades near $2,227, and staying below $2,385 leaves the $1,963 target in focus.
- XRP trades near $1.182, with a break below $1.13 exposing the $0.99 channel floor.
Bitcoin, Ethereum, and XRP remain under selling pressure, with technical charts pointing to further losses if key support levels give way. Crypto analyst Ali Charts outlined the downside scenarios on November 7, identifying $60,000 as a potential target for Bitcoin, $1,963 for Ethereum, and $0.99 for XRP.
The three cryptocurrencies have already broken below important levels on their daily and three-day charts. Still, several support areas stand between their current prices and the analyst’s lower targets.
Bitcoin Price Faces $60,000 Risk if $73,000 Support Fails
Bitcoin was trading near $75,908 on the three-day chart, having pulled back from resistance around $87,000. The retreat took BTC below $80,000 and brought attention to $73,000, which Ali Charts marked as the midpoint of its trading channel.
That level now matters, as a sustained move below it could leave Bitcoin heading toward the channel’s lower boundary near $60,000. There is also another level to watch along the way. The chart places intermediate support around $66,000, where buyers could attempt to slow the decline.
From the displayed price of $75,908, a fall to $60,000 would amount to roughly 21%. However, Bitcoin could avoid that deeper move if buying interest returns around $73,000 and keeps the price within its existing channel.
Ethereum Price Breakdown Puts $1,963 Target in Focus
Ethereum’s daily chart, on the other hand, showed a different setup. ETH traded around $2,227 after slipping below $2,385, a level that had previously supported its price. Ali Charts linked the move to a breakdown from a right-angled ascending broadening formation.
The pattern had formed during an earlier upward price structure, which weakened as Ethereum moved below its lower boundary. The next downside level identified in the analysis therefore sits at $1,963. Reaching it from $2,227 would mean a further decline of nearly 12%.
Yet, for Ethereum to recover lost ground, the price would first need to move back above $2,385. Another resistance area remains around $2,475. Until those levels are reclaimed, the breakdown leaves $1,963 as the lower target highlighted on the daily chart.
XRP Price Faces $0.99 Risk After Losing $1.29 Support
Meanwhile, XRP had already slipped below its channel midpoint at $1.29, with the three-day chart showing the token near $1.182. The move followed an earlier rejection around $1.61. Lower highs subsequently developed, leaving XRP trading beneath the channel’s central support.
As a result, Ali Charts identified $0.99 as the lower boundary of that channel, although XRP would encounter another marked level around $1.13 first. That intermediate support could draw buying interest before any move toward $0.99. From the displayed $1.182 price, the lower target represents approximately 16% further downside.
Nevertheless, a move back above $1.29 would challenge the current bearish structure. Without that recovery, attention remains on whether $1.13 holds or XRP continues toward the channel’s lower boundary.
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