The post Bitcoin Price Dips Below $27k: Will Bears Continue To Dominate? appeared first on Coinpedia Fintech News
After briefly teasing below $26k last week, the Bitcoin price continued with a bearish sentiment on Wednesday. According to the latest crypto market data, Bitcoin price dropped down about 1.1 percent in the past 24 hours to trade at around $26,969 during the early London trading session on Wednesday. The bearish outlook in the Bitcoin market came after almost two months of consolidation and several rejections between $29k and $31k
Related: Crypto Market Outlook: Analyst Expects New Lows for Bitcoin and Altcoins – Coinpedia Fintech News
Bitcoin Analysis
According to a detailed Bitcoin technical and fundamental analysis by popular crypto analyst Jason Pizzino in a recent YouTube video, the top digital asset could be following a similar price action as previous macrocycles. In his analysis, Pizzino highlighted that Bitcoin is 79 weeks from the ATH, a similar tipping point i
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