Bitcoin remains incredibly weak. Over the next few weeks, we feel that Bitcoin has a high probability of testing a lower level of support. Our bearish price target for BTC is $23,000 and should the sell off in the market have teeth, then it is possible for a test of critical support at $20,000.
While Ethereum has incredible fundamentals, it is by no means a get rich quick scheme. Even though enterprises continue to adopt Ethereum, and speculators are showing a greater level of interest in the network, the circulating supply continues to increase keeping the price down.
QNT has broken $100, and has the potential of seeing lower prices in the near term. Trading at $97, we will gain a better idea of whether or not this weakness will be bought up, or if Quant will breakdown lower.
