{"id":376761,"date":"2025-02-28T19:42:47","date_gmt":"2025-02-28T14:12:47","guid":{"rendered":"https:\/\/dripp.zone\/news\/3-crypto-to-sell-as-bloomberg-expert-warns-of-a-bitcoin-price-72k-crunch-zone-crypto-news\/"},"modified":"2025-02-28T19:46:26","modified_gmt":"2025-02-28T14:16:26","slug":"3-crypto-to-sell-as-bloomberg-expert-warns-of-a-bitcoin-price-72k-crunch-zone-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/3-crypto-to-sell-as-bloomberg-expert-warns-of-a-bitcoin-price-72k-crunch-zone-crypto-news\/","title":{"rendered":"3 Crypto to Sell as Bloomberg Expert Warns of a Bitcoin Price $72k \u201cCrunch Zone\u201d – Crypto News"},"content":{"rendered":"

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After soaring by double digits following Donald Trump\u2019s election, Bitcoin and most altcoins have crashed and erased most of the gains made last year. Bitcoin price crashed below $80,000, while altcoins have done worse. This article explores some of the top crypto to sell after an expert warned of a BTC crunch zone.<\/span><\/p>\n

Crypto to Sell After Expert Warned of a $72k Bitcoin Price Crunch Zone<\/strong><\/h2>\n

Mark Cudmore, a Bloomberg strategist warned that the ongoing panic may lead to a 70% crash in its future. He expects that the coin will find some support between $72k and $74k. He <\/span>added<\/span><\/a>:<\/span><\/p>\n

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\u201cThe 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.\u201c<\/span><\/p>\n<\/blockquote>\n

This statement means that some investors may consider selling some cryptocurrencies like IOTA (IOTA), Solana (SOL), and Ethereum (ETH).<\/span><\/p>\n

IOTA (IOTA)<\/strong><\/h3>\n

IOTA price has crashed from $0.6361 in December to $0.1895 even as the network prepares for its rebased upgrade. The coin has crashed below the key support at $0.4188, the highest swing in March last year.\u00a0<\/span><\/p>\n

Worse, the coin is about to form a death cross pattern as the spread between the 50-day and 200-day moving averages cross each other. The ADX indicator, which is used to measure the strength of a trend, has risen to 36.\u00a0<\/span><\/p>\n

Therefore, the coin will likely continue falling as sellers target the support at $0.1038, the lowest level in 2024, down by 45% below the current level. This makes it one of the top crypto to sell to avoid further losses.<\/span><\/p>\n