This week the price of bitcoin has been descending downwards following a bearish trendline and is currently hovering just around the US$2000 range

in bitcoin •  7 years ago 

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This week the price of bitcoin has been descending downwards following a bearish trendline and is currently hovering just around the US$2000 range.

The price started its downtrend on July 10 after staying around the $2550 territory for a few days, but subsequently started dropping to a low of $2225 on July 14.

At press time the price of BTC is struggling to stay above $2K, and current technical indicators are showing the bear run may not be over.

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I think it'l go below 1800$ and then pick up.

Ys