Bitcoin Price Warned to Expect Further Decline Despite Recent Hold Above $80,000
Bitcoin Price Warned to Expect Further Decline Despite Recent Hold Above $80,000
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A recent analysis suggests that despite Bitcoin's ability to maintain a price above $80,000, historical bear market structures on the monthly chart indicate a potential for further significant downside before the true bottom is reached. This warning comes from a crypto analyst observing patterns from previous market corrections.
9 Red Candles Before The Bottom: Why Bitcoin Price Will Continue To Crash
Bitcoin’s hold above $80,000 has increased the possibility of the worst of the current correction being over. However, one crypto analyst is warning that the monthly chart may still be telling a different story, with Bitcoin’s past bear-market structures pointing to more downside before a price bottom. The analysis, shared on X, is based on […]