How Long Will This Crypto Market Fall Last?

Bears seem to dominate bulls as most top digital coins trade in the red territory today.


Bitcoin saw low trading volumes during yesterday's early sessions. The leading crypto plummeted under the $50,000 psychological level, forming a daily low near $48,656. Meanwhile, the drop awakened consumer demand as buying volumes surged to average levels. Bitcoin failed to recover towards the 2hr 55-exponential moving average. That way, the crypto could not overcome the obstacle by this Moving Average.

The pair still trades beneath the $50,000 level today morning. Moreover, Bitcoin can witness continued pullback during the upcoming sessions, hitting the $47,745 mark. Market players might see BTC touching $46,000 support if bears receive aspirations.

Meanwhile, the negative case might not occur if bulls step up around the $49,500 level, attempting to regain footing past the average price zone. While publishing these updates, BTC traded at $48,655.


Sellers attempted to breach the 2hr EMA55 yesterday. That had ETH price piercing the Moving Average during the day, the altcoin printing a daily low near $4,226. However, the altcoin recovered during the evening session, rising to $4,400. Meanwhile, buyers neared the $4,500 overnight but failed to test the level.

On Friday morning, ETH returned to the average prices level. Today, the alt might claim the 2hr EMA55. If bears fail to breach the EMA55 MA, Ethereum can recover to levels beyond 44,500. While writing this article, ETH hovers at $4,220.


Buyers failed to overpower the 2hr EMA55 resistance early yesterday. However, the afternoon saw the alt printing successful attempts. That way, XRP fixed a local high at $0.885 in the evening. If the pair consolidated beyond the EMA55 MA, XRP could see extended recovery over the weekend, exploring the value area at $0.960. At this publication, Ripple's XRP traded near $0.8851.


BNB was almost flat since yesterday. The altcoin has dropped 0.53% of its price only. Though the slight decline, Binance Coin remains in an area with high liquidity near $580, far from the foothold at $540. For now, neither bears nor bulls dominate Binance Coin's marketplace, and low trading volumes confirm that. If sellers crack the purple support level and fix beneath it, BNB might fall towards the vital zone of $500. At this publication, BNB trades at $575.9.