Crypto Crash Incoming? BTC may Fall to $15k! Bear-Market | Cryptocurrency Analysis 

The Market is at a Very Dangerous Point 

As we had predicted, the cryptocurrency market has started to recover and BTC is sitting at the $42k price range. This is all good news for holders, but very soon holding will be extremely risky. We predict that BTC will make its way up to the $48k price range fairly soon but after that the market will hit a very strong resistance line. This may either restart a bull market or cause a massive crypto crash. 

As you can see above, there is a strong resistance line At the $48-50k price range. After falling from an ATH of $68,789, BTC got to about $46,000 and after it jumped up again to the $50k price range. Once BTC hit this resistance point at $50k, it fell straight down to $33k.

BTC has now started to recover and is at the $42k range. This range is not very risky and we think that it will pass this point fairly soon. After $42k is passed, we may reach the $48k price range and from there things will get very risky. Historically, this range has been very dangerous for Bitcoin. Passing it would mean that the bull-market is back on but failing may mean that BTC falls down to the $30k range again! 

This time crypto holders got lucky as BTC didn’t fall below $30k, however, another fall from $48k definitely has the potential to cause a crypto crash. BTC going below $30k will be very bad news for Crypto holders as it would mean that the market has entered a bear market. 

A bear market would be very bad for anyone who is holding crypto, specifically people who are holding altcoins. In the 2018 bear market for example, ETH fell from the ATH of $1400 all the way down to $80! As you can see above, a bear market will devastate the whole market, even big and popular tokens will not be safe. 

Of course, bear markets are worst for small cap tokens. Since BTC has fallen by about 30% from its ATH in the current cycle, many new tokens have fallen by 80%+! For example, Bloktopia has gone from $.13 to $0.03. A popular and trendy coin like this falling 80% means that if a bear market does start, nearly all small tokens will die out. 

Crypto Market in a Big Reversal Zone, Bull Market Restarting Soon? BTC Analysis 

The Market may See a Reversal in the Future 

Image from Nasdaq

Right now the cryptocurrency market is not in a good state. Everything has crashed horribly, and if you were invested into altcoins, you are likely down by about 50% from a week ago. Although the crypto market as a whole is down, there is still hope for a big reversal up to the $40k+ price range for BTC.

Right now BTC is sitting at $36,365. This is not as bad as you may think. Yes, it is much lower than $42k, however, $36k is not bad for BTC because this means that we have crashed but are not yet in the bear market. If Bitcoin dips below $30k, that would indicate that we have likely entered the bear market…Click here to read the full article. 

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Ali F
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