Looking at the ATH of bitcoin , we would agree that the current price of bitcoin have really went down too much , its current price is at slightly above $19000 compared to its ATH of $60000 , that is a price drop of more than 300%...That is not a cool news..
Thought the bear - bull power indicator is still under 0( negative), meaning the general market is still bearish , but the indicator is beginning to rise and moving towards the positive zone , meaning we might soon be seeing a bullish bitcoin before the end of this month..
If the bullish trend holds , then we will be heading for the next resistance which is at $23,672 , when the price stays above it , it means the price will further move to the next resistance level which will be at $27,285 ..
$17,986 is a critical support for bitcoin , we need to really watch out for that prize zone because it is really a critical price area..If the bitcoin price breaks it and moves below it then the $15,913 will be the next support level..
But for now the bitcoin seems to be planning a bullish move but it is not certain because fundamentally we are still in a bearish market , the whole crypto market is still in the bearish condition..
