The Market is in a Critical Stage - Market Review

We watched the bloodbath that hit the crypto market recently after the mythical rise of Bitcoin.
But this time we may not consider this a corrective, as Bitcoin fell from 58 thousand dollars to 43 thousand dollars, or about 15 thousand dollars, although the percentage may be 25%, but the amount is large.

Here, we find that the market really stands at a critical stage today. We have Bitcoin trading ranging from 43,000 to 45,000 dollars. So can Bitcoin hold above the $ 40,000 or will the Panic Sellers have another opinion?

We know that the market may be manipulated in some way by the whales, but the direction of the market may be predicted in the medium term, but in this case we do not know what is happening, as we as a person standing in his place does not know whether he is heading forward or backward.

To make matters worse, the greed index has decreased while the fear index has increased. Indeed, many traders have already started selling with losses while the Hodlers cling to hope.

A Quick look at the market

Looking at Bitcoin, we find that the price has decreased by approximately 6.7% in the last 24 hours, while over the weekly course, the general downward trend has continued by up to 25%.

As for Ethereum, its condition is not at all pleased, so the attack began on all sides, from Binance, Ada, and other currencies that seek to provide the same Ethereum services with better quality.
Ethereum has fallen by nearly the same rate as Bitcoin, about 25% as well.

Perhaps the only bright spot on the weekly term is the ADA currency, which rose over the weekly term by about 10%, making it almost the only green currency at the weekly level.
Over the past 24 hours, it decreased by approximately 12%.

Binance currency is dropping the largest percentage, as it fell about 32% within a week, returning to the $ 200 level.

Hive coin

The Hive currency continues to rise and fall around the level of 30 cents this period, but the general bearish trend rules in all circumstances, as it has now fallen to $ 0.28.

Finally, the analyzes fail to predict what may or will happen in the future, so we can only wait.