The price of Bitcoin is down this week. For now, it has fallen back below 110,000 USD, but there is a risk that it could also drop below the psychological threshold of 100,000 USD.
The problem is that this week a downward trend seems to have started and it has not yet ended.
The downward trend of Bitcoin’s price
On Thursday, September 18, the price of Bitcoin had closed above 117,000 USD.
However, the very next day it fell below this threshold, closing even below 116,000 USD before the weekend.
The weekend was calm, but starting from Monday a correction was triggered that seems to still be ongoing. Therefore, the downward trend began exactly seven days ago and has not yet concluded.
It must be said, however, that already at the end of August a similar situation had occurred, with a downward trend lasting exactly two weeks. That, however, was a simple post-ath correction, meaning after having marked new all-time high levels.
The lowest point of that correction w
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