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Can it still drop to v1 for me?
Fortunately, I got drunk last night, otherwise I would have been very uncomfortable.
Wake up in the middle of the night and place an order for fun.
Did the January 13th decline end in cryptocurrencies?
Bob Loukas wrote that in the bearish scenario, BTC price could make a new bottom between $80,500 and $74,000.
Jelle expects the acceleration of the reversal at the daily close above 92,500 dollars.
Moustache believes that the return could start by testing the previous ATH level of the TOTACAP value.
Bitcoin (BTC) Drop
At the time of writing this article, the price of BTC is at $91,750 and most altcoins, excluding XRP Coin, continue to sustain losses of over 5%. Bob Loukas discussed the current state of the king cryptocurrency in his latest market analysis and wrote the following:
With the opening of the US markets, the decline in cryptocurrencies accelerated even more. This situation did not yield good results for altcoins, and we saw losses exceeding 10%. Then, the price climbing above $91,500, despite lower peaks, excited investors for a reversal. So, according to experts, is the decline over?
It is unknown whether the analyst's bearish scenario will come true, but even though it exhibits a negative stance in the medium term, it still anticipates the continuation of the uptrend in the longer term. Jelle, on the other hand, wrote that he will focus on the daily closing, emphasizing the last hourly closing. If BTC can close above $92,500 on a daily basis, the recovery may accelerate.