Crypto Craze: 3 Coins to Toss Before Bitcoin Hits a $72k Crash! 💸😱

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In the swirling vortex of capitalist fantasy, where currencies are little more than digital mirages, we find ourselves once again at the precipice of madness. Our beloved Bitcoin, once soaring like the majestically bombastic dreams of a recently elected Trump, has now plummeted into the abyss, dragging numerous altcoins along for the disastrous ride. The clock strikes ominously beneath $80,000, while our unsuspecting altcoin friends play the tragicomic roles of the clowns in this circus of financial folly.

Crypto to Sell After Expert Warned of a $72k Bitcoin Price Crunch Zone

The ever-jovial Mark Cudmore, a dazzling star among Bloomberg’s mixed bag of wizards and skeptics, gives us a chilling proclamation: a potential 70% crash as we teeter on the edge of the dreaded ‘crunch zone’— that ghastly land between $72k and $74k, ripe for a bitter winter of crypto discontent. He puts forth:

“The real panic may be ahead of us still. Bitcoin always has another 70%+ crash in its future, by construction. $72k-$74k would appear to be the technical crunch zone that might trigger the next crypto winter.“

Well, ladies and gentlemen, it seems some wise investors might hastily wrap their precious cryptocurrencies, snug and cozy, and perhaps put them on the metaphorical chopping block. Among the unfortunate fall guys are IOTA (IOTA), Solana (SOL), and Ethereum (ETH).

IOTA (IOTA)

Oh, how the once-mighty IOTA has faltered, falling from a respectable $0.6361 in December to a dismal $0.1895— all while it is in the midst of a rebased upgrade that seems more like a rebirth in the pale shadow of an ancient catastrophe. Having sunk beneath the vital fortress of $0.4188, it ominously prepares for the ‘death cross’— a sardonic twist in our tragicomedy, where the 50-day and 200-day moving averages poise themselves for a waltz of despair.

With the ADX indicator gleefully ballooning to 36, the outlook is as bright as a lunar eclipse. As the hapless sellers eye the ramparts at $0.1038— the lowest drop of 2024 and a whopping 45% plunge from its current state— IOTA finds itself on the endangered species list of crypto to sell.

Ethereum (ETH)

Our dear Ethereum joins the ranks of the fallen; it, too, dances a macabre jig of its own with a death cross on the horizon. Dropping below a key support level at $2,150, it dances perilously close to the neckline of a triple top, as if performing a tragic ballet before the eerie jaws of doom. If it dares break through this neckline, one can almost hear the echoes of $1,000 in the dark, which might resonate with the regrets of many speculators.

Solana (SOL)

Last but certainly not least, we have Solana, a toxic asset lost in the fog of meme coin ridicule— an unfortunate historical footnote in this bizarre saga. As the shadows of its former glory vanish beneath the $170 support, things have become so grim that it, too, shuffles toward the death cross, with whispers of $110 and $100 echoing ominously down the dark halls of financial despair.

Other Altcoins to Sell

And let us not forget about the other hapless souls in our digital graveyard: Solana meme coins like Fartcoin, Melania, Peanut the Squirrel, and the uniquely illustrious Goatseus Maximus— each a testament to our penchant for the absurd amidst economic chaos.

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2025-03-01 01:00