I anticipate an additional 10% reduction given that the significant subsequent support level for Bitcoin stands at $23K. It's widely accepted that hopes alone cannot influence this, so if this support doesn't hold up, be prepared to see it plummet beneath the $20K mark BITSTAMP:BTCUSD .
His excellency Justin sun better not lose that $0.045 $TRX line of defense! TRON is generally not an asset to short due to its historical stability, but who knows what's on the plate this time around? I believe it's still a great opportunity for longs but once you lose that red line, then it will get ugly ahead!
Bitcoin`s 40% correction will be complete in roughly 9 months. We should see a bottom around 8K if it hasn`t already bottomed out based on this trendline. Great opportunity for shorts. None of this should be considered as financial advice, ultimately DCA is the best approach after a major red candle.
There`s still a possibility we could go as low as .122 only if bitcoin correction becomes worse as the fed meeting nears but the worst-case scenario is .115 so I would suggest you adjust your margin accordingly just in case. Dogecoin is definitely headed for 20 cents in as little as three weeks based on the current data.
The same Bitcoin capitulation that happened on July 22nd is playing out right now, it's pretty clear the local bottom is already in and a test of 23,700 as resistance is a good sell opportunity. Now might be a good entry for the longs.
Ethereum has officially fallen under $1,000 for the first time since January 2021. $ETH valley of death is similar to that of 2018. Same (-93%) chart, different placements, roughly 70% correction is still pending.
Bitcoin falls below 20K which is now sending a ripple effect throughout the crypto market. I wasn’t involved in Bitcoin and cryptocurrencies in 2017 unfortunately. Today is 2022, Bitcoin price has literally given us a time machine back to 2017 prices.
$ZIL (Zilliqa) is due for some correction. Trade with caution, sell the greed and wait to leverage fear. Ultimately fortune favors the brave!