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Bitcoin hits Two-Week Lows: Is it a Correction or is it a Crash?

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Bitcoin hits Two-Week Lows: Is it a Correction or is it a Crash?

Introduction

This article was posted on Monday, 19:44, UTC.

BTC, LTC: -4%, ETH, Ripple:-7%, Stratis: -20%, and so on… The crypto market is bleeding once again, as the Etheterum and small cap coins are still leading the way lower, and traders and investors are wondering if this is the start of another huge decline or it’s the final phase of the correction that started one month earlier.

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The total value of the crypro-market fell to $88 billion as of today, after reaching $115 billion a month ago. Only Litecoin and Dash are near their highs after breaking-out last week, and that divergence is one of the key components of the current set-up. But what do the charts say, is this the end of a major cycle, and lower prices are here to stay or will we see another rally soon? Let’s look at the most important charts to get closer to the answer.

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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

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