Most of the dumping from BTC is coming from the ASIAN markets primarily china since they are having their annual celebration which takes place in the early weeks of February of every year. After that party is over i see BTC correcting to healthy levels attempting to complete its cycle and gain correction back up in a trending manner.
For now , watch BTC since i definitely see it trending lower and lower. The anticipated rock bottom would potentially be somewhere between $5,200 and $8,000 in that range. As for the alt coins, well I also believe they will take a hit since they piggy back on BTC .
I do not provide financial advice. This is only for educational purpose. Do your own research!
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