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  • 06 Jan 2024

Recent Crrptocurrency/Bitcoin Crash Analysis

On the 3rd of January, 2024, the crypto market saw an across board crash of all cryptocurrencies. While fundamental traders would search for a market news that caused the crash in bitcoin and other cryptocurrencies, most technical traders already knew the market was on a more than extended bull run; in simple terms, it was over-bought.

Even though this is a start of a new year, we expected a major pullback, which isn't complete yet. The bears are supposed to continue after the retracement has been complete. A weekly close on the chart which will happen tomorrow, Sunday, will give a better view of how much bears will control the market in the medium term,
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