What cryptocurrencies are we going to watch this week, after the crash

After 7 days of free fall and stumbles for the cryptocurrency market, the message seems to be “buy” or by at least “watch and watch” but don’t panic

Photo: AFP via Getty Images / AFP / Getty Images

We already know that the previous week was not a great week for cryptocurrencies, for many reasons the crypto assets market closed in red. , however, in the last 21 hours some virtual currencies have had their rebound and others are worth keeping an eye on during the week.

We already know that bitcoin has seen corrections after its sharp decline, and that in general the market is volatile, but traders consider that with some cryptocurrencies you should believe in the long term and pay special attention to those that may rebound.

Virtual currencies to pay attention to this week:

• Bitcoin: your average mo vile in recent months were the 40 thousand dollars, if the price stays below this barrier for a long time, it is not a good sign. It is said that it could fall until the 28 thousand, this weekend reached 33 One thousand dollars. Although the bears have the upper hand in the last few days, the last 24 hours shows recovery and seems to be going towards $ 40, 000 again.
• Ethereum : This weekend it fell below 2, 000 dollars, however it has shown its corrections in the last hours. The bears try to sink it and if this happens panic will take hold of the novice traders, who will sell and the experts will take advantage. For their part, the bulls will continue to push and will try to take it above 3, 000 Dollars.

For your part, the so-called whales or the so-called “influential holders” bought in quantity during the collapse. It is beginning to be understood that during moments of panic novice traders sell, out of fear; while expert traders take advantage and buy.

According to speaking statistics that During the fall last week, “bitcoin whales” bought to accumulate more than $ thousand BTC . The same statistics show that the vast majority of the activities that came from exchanges originated in the United States.

In networks such as Twitter, a great platform for “ counselors ”or cryptocurrency investors, many opinions were read about what to do this week, after the great fall.

Bitcoin crashing. Good news. Getting ready to buy more. Remember the problem is not Elon Musk or Bitcoin. The problems are the Fed, Treasury, and Biden. Gold, silver and Bitcoin are the solutions. Take care.

– therealkiyosaki (@theRealKiyosaki) May 05, 2021

Robert Kiyosaki, finance expert was one of many who gave his point of view on what was happening last week, the message seems to be “not fear but buy.”