How far can they fall?

in bitcoin •  7 years ago 

BTC and most other crypto have consolidated since the hard break on Dec 22. The exception is XRP which made new all time highs again today. As for BTC and many others the consolidation they are experiencing is likely to result in a test of the lows made on Dec 22. For BTC that means a test of the 10500 area. Should it go under this level a probable test of the 7000 level seems likely. ETH, LTC, Zcash and Dash all may test their lows from Dec 22 as well. After this consolidation period completes we can expect a breakout to the upside so we wait and when we get proper signal we reenter these markets .

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