The volatility tide that swept the market in the last few days saw Bitcoin and other Altcoins tumbling down a great deal. This singular activity wiped off the gains which were accumulated since the beginning of the year leaving the crypto assets in losses.
As of recent, Bitcoin’s price activity has been used to predict Altcoins price as it was discovered that both posted correlatable price trends when BTC went on a downtrend, other Altcoins too posted bear-favoring movements, also BTC’s slight recovery recently led many Altcoins following suite.
One More Capitulation Candle, Then a Rally!
Crypto Michael expects BTC to plunge further to reach key levels of $7,500, $7,700 while key levels of $190, $195 will be necessary for Ethereum to post a rally.
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