Bitcoin’s price has been falling inside a clear bearish descending channel. The cryptocurrency has been rejected by the upper trendline twice and is now consolidating below the channel’s mid-trendline and the $20K crucial support level. The market usually enters a correction/consolidation phase after experiencing an expansion move. Currently, the price has experienced a steep drop and seems likely to enter a range stage in the short term. The $20K level is the most essential and decisive support region for BTC as it is the prior cycle’s all-time high, and the cryptocurrency had never dropped below its previous ATH ... (full story)