Bitcoin & Eth huge correction ( Analysis)

By Jw1 | JW | 22 Feb 2021


Huge Fall in Bitcoin and Ethereum:

 

There's a great fall we have witnessed today in the Cryptocurrency market, Bitcoin (BTC) & Ethereum (ETH) with cryptocurrencies have seen a retracement. This was really a sudden down move or dip that made people gasp in shock. 

  • Bitcoin (BTC) being showing a retracement of more than 15%, and wiping down its value around $10,000 in a matter of few hours. 

  • Bitcoin (BTC) did just made an all time high reaching above $50,000 and it has been rallying for quite a long time. 

  • An renowned cryptocurrency analyst cum a hedge fund manager had made this speculation alredy a week ago that Bitcoin (BTC) is going quite high, it should test its support levels. 

  • And there we are Bitcoin (BTC) retested its support levels and is now going for further upmove. 

  • This retracement in Bitcoin affected Ethereum (ETH) too, whuch went down more than 22% 

  • Which is really a huge number. 

  • Other Altcoins aso got severely hit by this move in Bitcoin (BTC). 

  • But the market is recovering now and actually, there's a hope for Bitcoin (BTC) and Ethereum (ETH) to go much higher after this correction. 

  • Be invested and accumulate on dips. These could your golden days for the right investment in cryptocurrency and it is in its booming stage right now. 

 

Have a great day ahead. 

Your Tip & Like helps a lot 🙏

 

 

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Jw1
Jw1

A Blockchain developer, been into the IT profession for years, Good market analyst, Been into cryptocurrency for 4 years. Would be delighted to share my knowledge with people.


JW
JW

Expert in Cryptocurrency and maket analysis. Contributing positively to people's knowledge & wealth.

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