Analyst: Bitcoin May See an Extended Bear Market Until September 2020

News BTC | Jun 3, 2020 at 7:30 PM
  • Bitcoin’s halving came and went, but no major uptrend has begun as crypto investors had been hoping.
  • The analysis is based on prior uptrends and downtrends matching in the length of time they take.
  • The uncertainty and fear of any possible post-halving correction combined with strong resistance, and an accurate sell signals on high timeframes, all tend to point to a sustained correction and continued downtrend for the next few months.