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, 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, 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%.
Classes and trading signals FREE!
If you want to learn how to trade and trade as an expert in the process, we invite you to our VIP group where we offer classes and totally free trading signals.
To join you just have to follow a few simple steps:
- Sign up for StormGain with this link. With it you can get a bonus of 25 USDT tradable, with the first deposit of $ 110, by placing the code BONUS25 during registration.
- Send your account ID to the telegram of @MendozasWork. The ID is a number starting with 38xxx.
- Deposit $ 110 into your StormGain account and submit proof of your deposit to MendozasWork.
- Receive the income to our VIP group and start generating income with our free signals.
One of the advantages of our VIP group, in addition to the classes and free trading signals, is that you will have registered with Stormgain, an exchange where you can profit from each movement, rise or fall, of Bitcoin, Ethereum, XRP, Litecoin , Dash, Zcash, Monero and many other cryptocurrencies.
And this is a leveraged exchange that is revolutionizing the world of cryptocurrencies, due to its high level of leverage, ease of use and its innovative system for mining BTC in the cloud. In addition to being the official partner of the Newcastle team in the Premier League.
The best thing is that StormGain is offering 25 USDT to its new users.
This exchange has become a favorite of traders in recent years, thanks to its friendly interface, which makes trading with leverage (up to x200) a breeze, even for the most novice traders.
Remember, if you follow all the steps you will be able to enter our platform SignalsCryptocurrencies, which has already been generating great profits for its users.
They just need to follow the steps above and submit proof of deposit, along with your StormGain username, to the telegram of @MendozasWork.
Promotional code: BONUS25
For more information head over to the StormGain Telegram group: https://t.me/StormgainLATAM
Analysis by analyst César Quintero for Cryptocurrency