This past week, there was a sharp bearish turn in bitcoin below the USD 3,800 and USD 3,700 support levels.
BTC/USD even broke the USD 3,620 support and spiked below USD 3,500.
Many altcoins such as ethereum, ripple, litecoin and EOS followed a similar path and declined heavily.
ETH/USD traded below the USD 135 support to settle in a bearish zone.
XRP/USD broke the key USD 0.340 and USD 0.325 supports to start a major downward moves.
At the outset, the market is consolidating losses and remains at a risk of more losses in the coming sessions.
Source:
https://cryptonews.com/news/bitcoin-and-altcoins-at-continued-risk-of-weakness-3199.htmWhat do you think about this?