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Crypto Market & Bitcoin Bloodbath Not Over Yet: LTC, BNB, BCH, TRX Analysis

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Crypto Market & Bitcoin Bloodbath Not Over Yet: LTC, BNB, BCH, TRX Analysis

The total crypto market cap declined heavily and tested the $200.0B support (yesterday’s target).Bitcoin price is down more than 6% and it is approaching the long awaited $7,400 bearish target.Binance coin (BNB) price is down around 5% and it is now trading well below $17.50.Litecoin (LTC) price is under a lot of pressure and struggling to hold the $50.00 support area.BCH price is extending losses and it is trading near the $220 support area.Tron (TRX) price is down and out, with a major support near the $0.0150 level.Bitcoin (BTC) and the crypto market cap tumbling with a strong bearish angle. BNB, TRX are recovering, while Crypto Market CapLooking at the total cryptocurrency market cap 4-hours chart, there was a sharp decline below the $210.0B support area. The market cap even broke the $200.0B support area (yesterday’s bearish target). It seems like there are chances of more downsides towards the $185.0B and $180.0B support levels in the near term.Therefore, upsides are likely to be capped in bitcoin, Ethereum, EOS, litecoin, ripple, binance coin, BCH, TRX, XMR, XLM and other altcoins in the near term.

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Author: Aayush Jindal

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