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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.