The crypto market has been rocky in recent days despite the hope that the monumental Ethereum Merge would be a catalyst for recovery.
Crypto analysts agree Bitcoin has not bottomed out yet and could be primed to sink to as low as $15,000 to $10,000.
If you think the worst is over for Bitcoin, you may be in for a rude shock. A popular cryptocurrency strategist-cum-trader says the pioneer cryptocurrency needs to at least go through a 30 percent wipeout before the bottom can be reached.
Bitcoin has breached a critical support region, increasing the risk of a bigger correction.
Analyst Il Capo of Crypto said that the nearest support level for BTC appears to be at $19,000 after breaking below $21K. If prices continue to decline and this level fails to hold, a downswing toward the $14,000 to $16,000 range can be expected. This would represent a 20 percent to 30 percent drop from the latest price levels.
Current pivot is 21k. Clean break below here, and 19k is next. Break 19k, and it goes to

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