A rather negative weekend for the crypto world has triggered the slide to new lows for the month and threatens to go to February lows.
Bitcoin touching $ 32,000 and Ethereum breaking $ 2,000 and the rest of altcoins with falls of more than 20% in two days.
The loss of hashrate is again impacting the price in a very strong way and we could see an even deeper drop.
Let's see what will happen in my new analysis for Cryptocurrency.
Bitcoin
Bitcoin, on the 4H chart, at the time of writing this article presented a drop to $ 32,000 and with such force that we could see a break of $ 30,000.
The bears in total control of the market the last three days are looking to finish breaking the range that leads from 40,000 to 33,000 dollars and will seek to break strong below $ 30,000.
The bulls, for their part, they try to keep at least $ 33,000 and go for $ 34,000 / $ 36,000.
Ethereum
Ethereum, on the 4H chart, presented a rather discouraging outlook and it is that, at this moment, it has lost the $ 2,000 level with such force, that we could easily see an arrival up to $ 1,800 / 1,600.
The bears in total control of the situation have attacked hard and have managed to lower the price more than 20%.
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Analysis by analyst César Quintero for Cryptocurrency
