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Bitcoin price is showing a bearish market trend since last month.
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Due to this bearish trend, the RSI of Bitcoin reached its oversold zone.
Bitcoin (BTC) price is following a downward market trend that took its price to drop nearly 12% in one month. This recent month’s downward trend is similar to last week’s bearish trend which shows the increased bears’ activity. Notably, in the recent week, BTC price further dropped over 11%, which is quite similar to its monthly price drop.
Due to the current bearish market trend, BTC’s price marked its 30-day low at $25,409.11 last week. However, its 30-day high was noted at $30,330.64, which is up over 14% from the current trading price of BTC. The market dominance of Bitcoin is currently 48.07%, with an almost null decrease over the day.
Bitcoin Price Analysis in A Month
According to TradingView, a web-based social network for traders, Bitcoin’s price is trading at $26,020.45 with a 24-hour trading vo
We współpracy z: https://www.thecoinrepublic.com/2023/08/21/will-bitcoin-price-take-bounce-back-after-recent-bearish-trend/
