{"id":397143,"date":"2019-09-26T04:05:41","date_gmt":"2019-09-26T04:05:41","guid":{"rendered":"https:\/\/wncen.com\/?p=397143"},"modified":"2019-09-26T04:05:41","modified_gmt":"2019-09-26T04:05:41","slug":"bitcoin-bull-market-may-have-ended-how-low-will-btc-go","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-bull-market-may-have-ended-how-low-will-btc-go\/","title":{"rendered":"Bitcoin Bull Market May Have Ended, How Low Will BTC Go?"},"content":{"rendered":"

This week\u2019s monumental market crash has resulted in Bitcoin dumping 20 percent in just a couple of days. Technical indicators are now showing that a trend reversal could be imminent and the end of the 2019 bull market may have just begun.<\/p>\n

Bitcoin Bull Market Over?<\/h2>\n

Bitcoin could only manage a feeble climb to $8,640 over the past few hours which indicates that more pain lies ahead. The bulls have all left for hills leaving the bears gearing up to inflict more pain on crypto markets.<\/p>\n

At the time of writing Bitcoin<\/a> has pulled back below $8,400 but appears to be holding here for the time being. As yet there has been no fall into the $7,000 region but the longer BTC flails around current levels the more likely this will be.<\/p>\n

Trader and analyst \u2018Crypto Hamster\u2019 noted that BTC has never dropped out of the Bollinger Bands in a bull market before.<\/p>\n

\u201cBitcoin have NEVER dropped below the lower Bollinger Band on a bull market so far. Now it is at ~7700$. So, either ~8k is a bottom, or this is not a bull market anymore.\u201d<\/p><\/blockquote>\n

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Bitcoin have NEVER dropped below the lower Bollinger Band on a bull market so far.
Now it is at ~7700$.
So, either ~8k is a bottom, or this is not a bull market anymore.
$BTCUSD<\/a> #bitcoin<\/a> $BTC<\/a> pic.twitter.com\/1tNIoCzS9g<\/a><\/p>\n

— CryptoHamster (@CryptoHamsterIO) September 25, 2019<\/a><\/p><\/blockquote>\n