BTC and altcoins has been in bloodbath today (and also since the last weekends). Is the bottom in?
As in my prediction for BTC on 28th May, the targeted price were almost filled today (with good timing). However, if we look at the Total Market Cap of crypto, it seems that the whole market still has room to go more down. Price and RSI broke their trendline (on 1W TF).
In my opinion, the total market cap needs to drop at least 12% more from here. This means that BTC would go to $20000. This target was explained in my analysis "Capitulation for BTC?" posted on 17th May (using the below link).