Bitcoin (BTC) Price Could Slide Further Below $30K, Heres Why
– BTC’s price has failed to hold above the crucial $30,000 level and has slid to $29,500 in the last two days.
– Market analysts and on-chain data indicate that the BTC price could possibly dive to the $27,000 level as Bitcoin is currently forming a bottom.
– Bearish rejections at higher levels continue to push the Bitcoin (BTC) price downwards.
– PlanB, the creator of the Stock-to-Flow (S2F) model, has disclosed in a tweet that the Bitcoin price is forming a bottom for the upcoming bull market.
– Bitcoin is currently trading at a low volume as sentiment remains weak.
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