Top 5 Crypto Performers Overview: EOS, Binance Coin, TRON, Litecoin, Bitcoin

The downside risk from the current levels is limited while the upside potential is attractive.

Even at these levels, there is no urgency among the buyers to step in and provide support.

BNB/USDBinance, one of the top crypto exchanges in the world by trade volume, has launched educational content to provide "Unbiased" information about crypto and blockchain to the public.

If the decline doesn't stall at this level, then the next support is at $0.00554133.

He had then indirectly indicated that the price of Litecoin could plunge to $20. With the price declining close to his prediction, will it find a bottom at these levels or will it continue to slump? Let's find out.

Co-founder of Fundstrat Global Advisors, Thomas Lee, believes that the fair value of Bitcoin is between $13,800 and $14,800, a good 315 percent higher than the current levels.

During bear markets, prices can drop to crazy levels, which turns out to be a good buying opportunity for the brave hearted who can go against the trend.

Since breaking down of the critical $5,900 support, the bulls haven't been able to defend any intermediate support levels, which shows that the bears are in command.

The selling has pushed the RSI into the oversold territory, a level last seen in the beginning of 2015.

Traders can expect a retest of the breakdown level of $5,900 once the trend reverses.