When will it be solved with bulls?

The Market Krypto continued its trend falls on Saturday, 17. May, with most Altcoin erasing some of their recent gains.

Bitcoin (Btc) The price fell from this week 105,000 to $ 103,000 high. Some of the best lags were PI Network (Write), Bonk (Stifle), Floki (Floki) and penguins penguins (Pengu), which fell by over 10%.

Bitcoin is often the main driver on the crypto market. In most cases, Altcoyns are mitted whenever the upper coin is growing and falls when there is a pull. For example, most of them recently increased two-digit when Bitcoin violated the resistance to $ 90,000 and reached $ 105,900.

In this case, Altcoyni falls because Bitcoin failed to cross resistance to $ 105,000 and set it up again all the time.

Cripto prices are also demolished due to profits from investors who benefited from a recent increase. In fact, some of the top winners during the rally became superior lags.

For example, Bonk, who fell 26% of her monthly low, was almost 200% of the lowest level in April. Similarly, Floki increased by 162%, while Pengu rose over 330%. It is common for cryptocurrency prices to withdraw after a strong rally.

The cripto market also falls due to total market risks. While the United States reached a truce with China, she kept 30% tariff. Officials also held a basic tariff 10% on most goods from Great Britain and talks with Japan stopped. As such, there is a risk of recession in the United States, with polymarket traders chance at 38%.

Meanwhile, Moody’s, one of the best three rating agencies, reduced the United States on Friday after the market closed. They stated great public debt in the country and deteriorate the Fiscal Policy of Washington politicians.

Will the crypto market return

The best way to predict whether the crypto prices will bounce her to look at Bitcoin. There are signs on the daily chart to slowly form a sample sample of the bakery, which contains a vertical line and a triangular sample.

Bitcoin also forms a Sample glasses and handlesA popular sign for continuing the bakery. It also remains above the 50-day average movement. Therefore, it can be rejected and hit its time in the amount of $ 109,300.

The transition above that level will indicate more gains in this cycle, which leads to a strong jump by most Altcoin.