Ethereum Prices Might Go Under $2,000 In The Near Future.
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Bitcoin Price In-Depth Analysis & Price Correction Levels - Exclusive.
2021-03-06 | Mike Hallen
“From there I might take care as rejection could lead on back to the $50K -$45K range. An opportunity down there might be a swift wick to $42-38K with excellent recovery. Invalidation would be a sustained consolidation at $52K.”After hitting record highs of roughly $58,360 USD earlier in February, Bitcoin [BTC] dropped right down to roughly $43,015 USD in subsequent days, supported TradingView data. The asset then rebounded up to about $52,660 USD, prior to continuing its downward price action below $50k. Bitcoin is trading at roughly $48,654 USD at the reporting time. Cheds, a trader on Twitter holding his CMT level I certification, expects “more consolidation from BTC above that key 42k level,” he added recently. He also tweeted a chart of his range expectations. “The big question is that if the recent 27% correction is enough to bring us to a new high,” Cheds added. “In the meantime, we'll watch a tightening range on the daily of lower highs and better lows.” A number of technology stocks have also suffered price decline recently.
