️ Crypterium News
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The
#Bitcoin price slowly declined to the $20,000 area and has remained there for the time being.
Note that this is an important psychological level, near which a strong struggle unfolds between buyers and sellers.
At the same time, the structure of the chart indicates that the fall has not yet ended. It is very likely that already this week we can see another strong fall. It is rather difficult to say to what levels the price can reach this time. However, there is a high chance that Bitcoin will move into the $16,000 - $17,000 range. If buyers fail to maintain this level, then the collapse of the first cryptocurrency can be very large and swift up to $13,000. However, this option now seems the least likely.
The altcoin market in this case may fall even more. Obviously, we are now witnessing one of the key phases of movement in the cryptocurrency market. The current situation is similar to the situation a month ago with the collapse of Luna/Terra. All this is exacerbated by the negative situation in the stock markets. In this regard, it is not worth counting on a rebound within the current week.
What do you reckon? BTC to $13k or most definitely to $16k? Is your portfolio looking healthy or you don't want to look at it for now? Let's hear from you and what your crypto predictions are based on your chart readings and analytical understanding.
crypto
#cryptohighslows #btc⭕️ Crypterium News ⭕️
The #Bitcoin price slowly declined to the $20,000 area and has remained there for the time being.
Note that this is an important psychological level, near which a strong struggle unfolds between buyers and sellers.
At the same time, the structure of the chart indicates that the fall has not yet ended. It is very likely that already this week we can see another strong fall. It is rather difficult to say to what levels the price can reach this time. However, there is a high chance that Bitcoin will move into the $16,000 - $17,000 range. If buyers fail to maintain this level, then the collapse of the first cryptocurrency can be very large and swift up to $13,000. However, this option now seems the least likely.
The altcoin market in this case may fall even more. Obviously, we are now witnessing one of the key phases of movement in the cryptocurrency market. The current situation is similar to the situation a month ago with the collapse of Luna/Terra. All this is exacerbated by the negative situation in the stock markets. In this regard, it is not worth counting on a rebound within the current week.
What do you reckon? BTC to $13k or most definitely to $16k? Is your portfolio looking healthy or you don't want to look at it for now? Let's hear from you and what your crypto predictions are based on your chart readings and analytical understanding.
crypto #cryptohighslows #btc
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