CRYPTO NEWS - Bitcoin Corection is Done | Ethereum Follows the Leader
CRYPTO NEWS - Bitcoin Corection is Done | Ethereum Follows the Leader
01:48 Crypto News
04:17 Bitcoin News
05:32 Ethereum News
06:15 Bitcoin Technical Analysys
08:02 Ethereum Technical Analysys
BTC is currently trading at ~$48,806. However, the first cryptocurrency is already showing strong signs of weakness, suggesting that the largest digital asset will plunge even lower.
Locally, we have almost reached the bottom and therefore a strong support level at $50,000. This price range is the lower boundary of both the upward and downward expanding trading channels. Under normal conditions, this would mean that there is strong momentum from buyers ahead. So far, however, it doesn't look like the bulls are trying to take matters into their own hands. If nothing changes, the BTC will fall well below the support level, which will be a strong signal of a global trend change. In that case, we will easily reach price levels of $45,000 and then $40,000. Such an outcome would also be the first serious signal for the crypto-winter to follow.
PlanB has already apologized for its November forecast. And at this rate, it will have to apologize for December as well.
Right now, the bears are on edge. If things don't improve tomorrow, our next stop will be in the $45,000 to $48,000 range.
Don't rush to sell your alts portfolio just yet. It's always profitable to watch and then keep buying on the downside. Alternative digital assets will probably still play their swan song before the market finally takes a breather.
Ethereum (ETH).
Bitcoin has once again shaken the Ethereum trend. If not so long ago, the second largest cryptocurrency by market capitalization had a good chance to storm $5,000 again, today the situation has changed dramatically. Now the largest altcoin is on the verge of a new collapse, and another BTC collapse could easily send it tumbling into that pit. If the worst-case scenario continues to unfold, the next stop for ETH is in the $3200 - $3500 range.
Take your time to sell. The advantage of spot trading is that you can hold your coins for as long as you want. In general, dumping cryptocurrencies is considered one of the best states of the market. Split the deposit (its stackable part) into pieces and keep buying dip. Buy new promising coins and keep restocking the ones you already own.
Translated with www.DeepL.com/Translator (free version)
01:48 Crypto News
04:17 Bitcoin News
05:32 Ethereum News
06:15 Bitcoin Technical Analysys
08:02 Ethereum Technical Analysys
BTC is currently trading at ~$48,806. However, the first cryptocurrency is already showing strong signs of weakness, suggesting that the largest digital asset will plunge even lower.
Locally, we have almost reached the bottom and therefore a strong support level at $50,000. This price range is the lower boundary of both the upward and downward expanding trading channels. Under normal conditions, this would mean that there is strong momentum from buyers ahead. So far, however, it doesn't look like the bulls are trying to take matters into their own hands. If nothing changes, the BTC will fall well below the support level, which will be a strong signal of a global trend change. In that case, we will easily reach price levels of $45,000 and then $40,000. Such an outcome would also be the first serious signal for the crypto-winter to follow.
PlanB has already apologized for its November forecast. And at this rate, it will have to apologize for December as well.
Right now, the bears are on edge. If things don't improve tomorrow, our next stop will be in the $45,000 to $48,000 range.
Don't rush to sell your alts portfolio just yet. It's always profitable to watch and then keep buying on the downside. Alternative digital assets will probably still play their swan song before the market finally takes a breather.
Ethereum (ETH).
Bitcoin has once again shaken the Ethereum trend. If not so long ago, the second largest cryptocurrency by market capitalization had a good chance to storm $5,000 again, today the situation has changed dramatically. Now the largest altcoin is on the verge of a new collapse, and another BTC collapse could easily send it tumbling into that pit. If the worst-case scenario continues to unfold, the next stop for ETH is in the $3200 - $3500 range.
Take your time to sell. The advantage of spot trading is that you can hold your coins for as long as you want. In general, dumping cryptocurrencies is considered one of the best states of the market. Split the deposit (its stackable part) into pieces and keep buying dip. Buy new promising coins and keep restocking the ones you already own.
Translated with www.DeepL.com/Translator (free version)
