Let’s start with the usual baseline. The following was a snapshot from the last time I wrote a more considered bitcoin analysis, which was August of last year. {chart} The current snapshot in the bitcoin daily chart below shows the cryptocurrency having broken higher to retest $65,000 successfully before stopping cold at $69,000 and turning downwards. {chart} Looking at the current snapshot above, bitcoin appears to be in a bear market, which started when price peaked around $69,000. Much has been made of bitcoin trading at six month lows around $35,000, as well as the latest downturn taking place on the back of ... (full story)