Bitcoin : Anticipating a Major Correction to $45,000
Bitcoin after consolidation now is heading towards downside and reaching the price of $64,200, which is at the time of writing,
We just had a halving event a week ago.
And the huge dump was expected before the halving that didn't happen. I am really much concerned about the price of bitcoin that it may go huge crash in coming month.
It's always known that crypto market reacts against investors expectations. Many of the investors are now thinking that the market will go upside and will reach, it's all time highest $74000 and even surpass to 100k dollar.
But in reality, I am seeing another scenario that the bitcoin may go a huge crash to reach the price of $45000 once again.
One of the main reasons is that alt-coins, have not shown a good price movement. It needs to be balance with the price of Bitcoin.
That is why Bitcoin price is expected to go down to catch the price of altcoins. I guess the price of #Bitcoin will go down to $45-50K range level.
According to my knowledge and analysis, a huge market crashes is expected, which will be soon happening. It's not a financial advice but only for educational purpose.
THANK YOU!
Posted Using InLeo Alpha