Why will BITCOIN DROP MAJS 30%? You are allocated $BTC or some #altcoin read this text until the end, it can help you!
The truth that many do not say is that Bitcoin broke the ascending channel that should be maintained or broken upwards. (as per attached image).
1- As #BTC did not break upwards, it has so far invalidated the possibility of reaching 125k. This may have occurred due to the FMOC meeting that took place on the 18th. Where we received not so interesting news about the “RATE cuts”, that is: it was reported that interest rates will not be reduced as drastically as expected by everyone.
We can say that this removed “gasoline from Bitcoin” causing the entire conventional market and BTc to plummet
2- Is the fall over? If Bitcoin does not recover in the next few days in proportion to the drop it had, we can consider that the correction is not over yet and we could fall another 20% to 30%.
3- Is this event atypical? NO ! In past cycles we have had pullbacks of 45%+ so it is expected and perfectly normal.
4- $FET things are bad… not just for it but for all altcoins. It has broken numerous supports and now finds itself in a risky situation of falling further to $1
5- Meanwhile $PENGU despite the market crash, being a new currency, having just been listed and having a considerable number of people who received AirDrop of NFTs that today exceed 100 thousand dollars. IT HOLDS ITS VALUE WELL!
In my opinion, after this falling scenario, the currency that will appreciate the most is #PENGU ! Because it is the only memecoin that: Already has a market and was already structured in the NFT market, one of the best projects so to speak.
In addition, they have physical products, toys and collectibles. Which are sold at Walmart and various stores.
Their social networks have more than 1 million followers each. With posts on TIKTOK with more than 12M views!
If you still think this coin has no potential or consider it a scan… you haven't done the research or studied the project