Bitcoin will likely drop below $6,000 this week, with bearish indicators still littering short- and long-term charts.
Crypto Twitter isn't letting the prospect of a downturn in prices get them down, rather they've turned a bitter price run into a digital kumbaya.
Bitcoin has made a 6 percent recovery from the 90-day low hit yesterday, but what happens next?
An indicator meant to measure the rate at which an asset is being bought or sold may foretell a future bump for the price of bitcoin.
Short-term oversold conditions may give the bulls a brief reprieve, but the bitcoin market is still generally bearish.
The price of bitcoin, the world's largest cryptocurrency by market capitalization, fell to its lowest point since April 1 on Tuesday.
A corrective rally may lift bitcoin over $7,000, but holding on to gains won't be easy, the technical charts suggest.
Bitcoin's drop below $7,000 signals a resumption of the sell-off from the record highs in December, according to technical studies.
The price of bitcoin is now trading at its lowest total since April, hours after dropping roughly $500 according to the CoinDesk Bitcoin Price Index.
Bitcoin could be in for a big move as the daily trading range tightens, but will the bulls or the bears gain the upper hand?