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BREAKING: Crypto market crashes! How to act now?



 If we look at the crypto market cap chart, we can see that the next support is located at $800 billion. As such, the crypto market could lose around $116 billion in value before any bullish reaction emerges. Furthermore, the crypto market has formed a trend line, which constantly serves as resistance. The trend line could be broken for a short time, but this was only a fake breakout. As long as the trend line is not broken, we expect prices to fall. In the late summer of 2022, the crypto market will have to decide whether to drop even lower or whether to opt for a trend reversal. In September 2022, the trend line will cross the $800 billion support. Should this support be broken, the market cap could drop to $400 billion. This would result in an average price drop of around 50%.

Since the Bitcoin price has been hit the hardest in the last few days, we assume that other altcoins will follow suit as they have been quite spared. We expect various altcoins to break supports in the near future and drop sharply. This could result in price drops of over 25% as most money is withdrawn from altcoins and not bitcoin. So short positions on altcoins could definitely be worthwhile in the near future!

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