Bitcoin's bear market reflexive rally ended when BTC briefly reached $25k on August 15th.
Since then, Bitcoin has dumped >17%, forming a local bottom at approximately $20.8k.
Over the weekend, Bitcoin received a very weak bounce. BTC price was ultimately rejected at the 0.236 retracement (very bearish).
Bitcoin's downtrend remains intact. $20k may break this week.
Since then, Bitcoin has dumped >17%, forming a local bottom at approximately $20.8k.
Over the weekend, Bitcoin received a very weak bounce. BTC price was ultimately rejected at the 0.236 retracement (very bearish).
Bitcoin's downtrend remains intact. $20k may break this week.