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Bitcoin Analysis: A Modest Bounce, but Sellers Remain in Control
Although Bitcoin has started the week with a modest rebound, the asset is still down more than 11% over the last four trading sessions and, for now, price has been unable to reclaim the $80,000 level. Selling pressure continues to dominate overall market behavior, as demand for Bitcoin has yet to stabilize and capital outflows remain significant in the short term. In addition, market confidence remains in a state of indecision, and as long as these conditions persist, the bearish bias is likely to continue shaping short-term price action. Recent sessions have been particularly challenging for Bitcoin, as an ... (full story)
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