The crypto market trends have again turned extremely bearish as the Bitcoin price has slipped below the crucial support zone. Meanwhile, the bulls have managed to hold the prices at these levels, but an extreme bearish push may drag the price lower. The other altcoins have also been impacted in a similar way and are experiencing significant upward pressure.
Ethereum’s price is closer to losing $1000, while Cardano’s price may drop below $0.3. Dogecoin is yet again approaching its crucial support zone close to $0.07, and the Polygon price is closer to slicing through the pivotal zone around $0.75. The entire market situation points towards assets heading towards the bottom of the current capitulation phase.
Therefore, a well-known analyst anonymously called il capo of crypto il capo of crypto cryptocapo TraderMarket Analyst shared the bottom of Bitcoin and other altcoins.
As per the analyst, the BTC price may mark its bottom between $12K to $14K and as per the fresh fallouts, the price flashed significant bearish signals. Meanwhile, ETH, as mentioned, is closer to dropping to a 3-digit figure, and forms new bottoms around $600 to $650. The most interesting forecast is for the FTX (FTT) token which is trading around $1.27 and is speculated to trade at around $0.000001.
Collectively, bearish clouds are expected to prevail for a long as the indicators are extremely negative at the moment. While the bulls always jump in to accumulate at the bottoms, a notable rebound may be expected as the prices reach their respective lows.