IS BITCOIN READY FOR A SELL OFF ?


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Market Analysis:

Overall Sentiment : Bearish

BITCOIN

* Bitcoin was been hitting the $12000 resistance pretty hard and was not able to break it.

* It had a steep correction from $11500 to $10400. While the price has decreased still it is an bullish environment for Bitcoin because of the approaching Global recession.

* Bitcoin has a lot of room to grow in the upcoming Months.

* Stay Calm.

* It currently stands at $10486 at the time of writing.


 

ETHEREUM

* Ethereum had a Good sell-off this week.

* For this week it is down by about 10.25%, but it is increased in value against Bitcoin.

* It is Heavily Undervalued

* It currently stands at $204 at the time of writing.

* The PoS transition of Ethereum will drive it high in price! Wait and Watch.


 

XRP

IS this Coin Dead?

* Even though XRP has lost only 7% this week. It didn't have any rise in price.

* No one knows what happened to this, It is falling steadily for a long period of time and it currently stands at $0.297 at the time of writing.

* I don't buy this anymore !


 

LITECOIN

* After the Halving it has see some serious sell action.

* It is Now down by 12%, Standing at $82 at the time of writing.

* It has room to grow but it is steadily having a price drop

* Is Litecoin in a Death Spiral? May be History may repeat itself.


 

GAINERS

Chain Link is the only leading the charts today with green flags all other currencies are in the red zone.


 
BITCOIN DOMINANCE : 67.2% 

It is steadily decreasing , and may be indicating a Alt-coin Season.


 Market Cap: $279 Billion (Steadily Decreasing)



It's Time to HOLD!

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Thank You!


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