Here's Why Bitcoin May Soon Plunge to $18,300

that the world's largest coin had dropped below its 50-day moving average, which could be a harbinger of another large downside move.

The analyst now sees a higher risk of a long-term downtrend since the cryptocurrency has lost momentum. The flagship cryptocurrency is currently trading at $21,492. It is up a modest 0.46% over the last 24 hours. Stockton believes that the price of the largest cryptocurrency will stabilize in the near term. However, after a short-term relief rally, it will likely fall to the low $18,000 level, according to Stockton. The cryptocurrency is now experiencing waning momentum.

Risk assets, including Bitcoin, are likely to experience more volatility ahead of U.S. Federal Reserve Chairman Jerome Powell's speech at a Friday symposium in Jackson Hole, Wyoming.The central bank's remarks will likely give market participants a much-needed clue about whether or not the Fed plans to maintain its aggressive rate hike policy through the rest of 2022.

StocktonKatie 18k is illusion 1-800 price bitcoin in whales hand. 21000000000$ market cap can dump anyway

StocktonKatie Fica vendo apenas pessimismo não ajuda o mercado .

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