How Much Lower Can Altcoins Go?
A comparison with previous corrective periods in the Altcoin market
Before we start today’s newsletter, I’d like to make an announcement! 📣
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Bitcoin - The 200 MA
For the sake of discourse in today’s newsletter, let’s assume Bitcoin will bottom at the 200 MA.
After all - previous Bear Market bottoms have formed there in the past:
If BTC were to form another Bear Market bottom at the blue 200 MA, then BTC needs to drop another -25% at least.
I say at least, because downside deviations in price below the 200 MA sometimes occur, as seen in the 2015 accumulation period of March 2020 for a more recent example.
So if BTC is to drop at least another -25%, how will Altcoins react?
This newsletter will focus on giving a better idea of what to expect when it comes to Altcoins reacting to that kind of downside in BTC.