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After Losing $20K, is $15,000 the Next Target for BTC Bears? (Bitcoin Price Analysis)

After Losing $20K, is $15,000 the Next Target for BTC Bears? (Bitcoin Price Analysis)

Cryptocurrency There are no signs of strength or rebound in Bitcoin’s price while the cryptocurrency has been experiencing choppy price action with low overall volatility (with certain exceptions). The price is slowly decreasing to retest the demand zone at $18K after a short-term rally towards the $21K mark. Additionally, this zone aligns with the 2017 peak and offers psychological support. Cryptocurrency Technical Analysis By Shayan The Daily Chart On the other hand, as mentioned in our previous analysis, an expansion move is always accompanied by short- to mid-term consolidation and correction patterns. As is evident in the following chart, the […]