Crypto Markets Drop Slightly, Further Losses May Be Needed to Spark Rally

The crypto markets have extended yesterday’s losses into today, with most major cryptocurrencies trading down slightly at the time of writing. Bitcoin and Ethereum have both established levels of resistance over the past few days and are continuing to respect those levels.
Although the markets are expressing some levels of stability around their current price levels, one analyst believes that further losses may be necessary in order to spark a rally.
Crypto Markets Flat, Face Growing