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Bitcoin (BTC)
Will BTC Price drop below $10K?
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[QUOTE="Heena Kousar, post: 281637, member: 91198"] According to [B]Coinpedia[/B], the collapse in the of the leading cryptocurrency, [B]Bitcoin [/B]has destroyed liquidity levels going all the way back to 2020. The market took a hit, after the crypto space had a top-profile liquidity issue hitting the [B]FTX [/B]exchange. As a result, the king of cryptocurrency has now corrected to a two-year low, leaving bulls look hopeless. [ATTACH type="full"]56368[/ATTACH] Coinpedia claims that the crypto market itself is in free fall, and many [B]altcoins[/B], including [I]ripple[/I], [I]Ethereum[/I], [I]Binance[/I], all are down by acros [B]15%[/B]. Moreover, the price of Bitcoin increased its downward trend and even traded beneath the [B]$16K[/B] support levels. BTC price dropped as low as [B]$15,555[/B] recently, and is currently extending losses. It has been said that Bitcoin may keep falling if a recovery wave does not form across the [B]$16,500[/B] support level. [B]Technicals take a hit. [/B] As per the platform, the price of [B]1 BTC[/B] is [B]$16,274[/B] and the past 24 hours of the dramatic drop observed long liquidations of [B]679,000,000[/B] dollars. Currently, [B]Bitcoin[/B] is trading at levels seen back in 2020, just before the epic bull run. The volume profile index displayed lesser transactions at the current sell-off that during the liquidation following the US midterm elections. The next target would be 2020 liquidity levels between [B]$15,000[/B] and if possible [B]$14,500[/B] provided the decline is still ongoing. Moreover, if the bulls are capable to break via the[B] $17,900[/B] swing high, the bearish combat may become invalidated. By performing this, a surge toward [B]$21,500[/B] might take place. The price of BTC would increase by [B]35%[/B] as a result of this performance. While, the technical aspects of BTC are currently also negative. A breakdown of the one-day technicals, in specific states a strong sell at 16, just similar to moving averages do at 14. [/QUOTE]
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Will BTC Price drop below $10K?
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