Cardano, Bitcoin at Risk of Dropping Further Due to Bearish Flags – CoinQuora – Latest Cryptocurrency and Blockchain News.

BTC and ADA have consolidated at their weekly lows that have been established in this year’s bear cycle. Both coins may not have reached their bottoms yet as there are still several bearish flags present on their weekly charts. A major factor that is present in this crypto bear cycle that was not present in previous bear cycles is the high inflation rates and recession, with some people even forecasting a depression. This could see crypto prices drop even further in this bearish period, which could see a depression in some parts of the market. The high inflation rate and recession fears may pull the prices of ADA and BTC even lower in the current bear cycle, which may be the reason for the drop in prices of both coins. No information in this article should be interpreted as investment advice. Source